On Thursday, May 30, 2013, The Cape Cod Five Cents Savings Bank was presented an award from The U.S. Small Business Administration recognizing the Bank as the Massachusetts Small Business Lender of the Quarter for the first quarter of 2013. This follows Cape Cod Five’s performance as the number one Small Business Administration (SBA) lender in Barnstable County for 2012. Both the 2012 performance and this award are a reflection of the Cape Cod Five’s commitment to helping small businesses achieve their business goals on Cape Cod, the Islands and in neighboring areas.
Bob Nelson, the Small Business Administration’s acting regional administrator for the six New England states who presented the award, stated, “This award represents Cape Cod Five’s hard work and commitment to their small business customers and the communities they serve. Through its utilization of the SBA’s programs the bank gets much needed capital into the hands of small businesses to help them thrive, grow and create jobs. As a valued SBA lending partner, we are extremely pleased to recognize the Cape Cod Five’s outstanding work in partnership with us in supporting small business.”
In accepting the award on behalf of the Cape Cod Five, Bert Talerman, Executive Vice President and Chief Lending Executive, said, “Working with the SBA to find additional ways to make loans that help businesses expand, purchase new equipment, or hire additional employees is one of the most important ways that we can positively impact our community. Our SBA lending helps expand our local economies and adds to the economic health of the communities we serve.”
The awards presentation took place at The Lanes Bowl and Bistro, located in Mashpee Commons, which recently opened and which received an SBA loan through the Cape Cod Five. Not only did the building of the facility support local construction jobs, but the business employs 50 year round employees. The Lanes owner, Jeff Moore commented, “The SBA loan we received through the Cape Cod Five enabled our vision for a boutique bowling alley and bistro on Cape Cod to become a reality. The financial support allowed the drawings, plans and creative designs to come to fruition, producing a unique entertainment experience for the Cape and its visitors.”
About The Cape Cod Five Cents Savings Bank
Founded in 1855, The Cape Cod Five Cents Savings Bank is an independent state-chartered savings bank with over $2 billion in assets. Through its 22 offices, The Cape Cod Five offers a broad range of financial products and services to customers living on the Cape and Islands and the surrounding areas. Services include consumer and commercial banking products; residential mortgages; investment management and trust services.