Business

Business awards: Week of Jan. 5

Ralph E. Ross, left, Kentucky district director for the Small Business Administration, recently presented Community Trust Bank with the Gold Lender Award for being Kentucky's top community bank SBA 7a lender during 2013-14. Terry Spears, SBA Small Business Banking Officer for Community Trust, accepted the honor.
Ralph E. Ross, left, Kentucky district director for the Small Business Administration, recently presented Community Trust Bank with the Gold Lender Award for being Kentucky's top community bank SBA 7a lender during 2013-14. Terry Spears, SBA Small Business Banking Officer for Community Trust, accepted the honor.

Community Trust Bank has been honored with the Gold Lender Award by the United States Small Business Administration as Kentucky's top community bank SBA 7a lender in 2013-2014. This is the sixth consecutive year that Community Trust has received this award from the SBA.

In the federal fiscal year 2013-2014, Community Trust Bank funded 98 SBA loans for more than $17.5 million. In Kentucky alone, the bank funded 84 loans totaling $14,245,100. In the last six years, Community Trust has funded more than 500 SBA loans, providing approximately $85 million for small businesses through its partnership. Community Trust Bank has been originating loans for more than 111 years. They have been an active participant in the government's SBA programs for many years. In all, 25 loan officers at Community Trust Bank's 81 locations in Kentucky, West Virginia and Tennessee were successful in obtaining SBA loans for their customers during the year.

Bob Watson, Versailles, was the top SBA lender in number of loans for the sixth consecutive year. Watson closed or increased 22 SBA loans for $1,213,200. He received a special Louisville Slugger bat engraved with his name as a six-time member of SBA's Kentucky "All-Star" Team at the recent SBA Lender's Conference held at Churchill Downs.

Larry Forester, Lexington, had the second-highest number of SBA loans in the company with 15 loans closed or increased for $1,354,800.

Steve Belcher, Pikeville, had the highest dollar amount of SBA loans, with three new loans for $6,526,609.

Jody Thompson, Pikeville, closed five new loans for $1,705,000.

Chris Castle, Versailles, closed five new loans for $864,300.

Evan Chick, Hazard, closed five new loans for $220,000.

Robert Brewer, Frankfort, closed four new loans for $1,028,000.

Tim Houck, Richmond, closed or increased four loans for $386,000.

Kristy Gross, Ashland, closed or increased four SBA loans for $354,200.

Nicole Newsome, Pikeville, closed or increased four loans for $155,000.

Bruce Nichols, Danville, closed or increased three loans for $230,000.

Reed Caudill, Whitesburg, Scott Osborn, Richmond, Skip Stocker, Harrodsburg, and Jeannine Petell, Lexington, each closed or increased two loans.

Clovis Lawless, Summersville, West Va., closed or increased six loans for $661,000. Lawless also recently accepted an award for Community Trust Bank from the West Virginia SBA Office recognizing CTBI as the West Virginia Community Bank Lender of the Year.

Willie Swatzell, Middlesboro, Tenn., closed a 504 loan with the bank's portion being $1,236,031.

Barry Pennington, Berry Popp, Brett Keene, Brian Bentley, Calvin Capps, Ed Pope and Rhonda Longmire also closed SBA loans during the fiscal year.

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