First American Bank

SBA Names First American Bank Export Lender of the Year for the Second Time

Retrieved on:

Wednesday, April 3, 2024

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CHICAGO, April 03, 2024 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration’s (SBA) Office of International Trade selected First American Bank as its 2024 Export Lender of the Year.

Key Points:

CHICAGO, April 03, 2024 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration’s (SBA) Office of International Trade selected First American Bank as its 2024 Export Lender of the Year.
The three SBA export loan programs—including the Export Working Capital Program (EWCP), International Trade Loan, and Export Express Program—provide federal support to small businesses aiming to expand their operations abroad.
With more than a decade as a delegated EWCP lender, First American Bank’s trade finance department extensively leverages SBA export loans to fulfill customers’ export goals.
By working closely with small businesses to fill trade financing gaps, First American Bank earned its first SBA Export Lender of the Year honor in 2017.

SBA Recognizes 2024 Export Lender Award Winners

Retrieved on:

Monday, April 1, 2024

D.C, SBA, First American Bank, Fulton Financial Corporation, International trade, Lake Michigan Credit Union, Acquisition, Small business, Senior, First American, LMCU, Human, Bank

WASHINGTON, April 01, 2024 (GLOBE NEWSWIRE) -- Today , Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 2024 Export Lender of the Year Award winners.

Key Points:

WASHINGTON, April 01, 2024 (GLOBE NEWSWIRE) -- Today , Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 2024 Export Lender of the Year Award winners.
and First American Bank as the 2024 Export Lenders of the Year, and Lake Michigan Credit Union as the 2024 International Trade Lender of the Year.
“Congratulations to these outstanding lending partners, who collectively fuel the engines of our nation’s small business exporters.”
The SBA’s Export Lender of the Year Awards recognize excellence in export financing.
This is First American’s second Export Lender of the Year selection, as the institution was also recognized with the award in 2017.

How the Illinois Transportation Benefits Program Act Affects Employers and Employees

Retrieved on:

Wednesday, November 22, 2023

First American Bank, Sale, HRA, Legislation, Health, Flexible, Health savings account, Currency strap, Cras, Commuting

In July of 2023, the Illinois General Assembly passed the Transportation Benefits Program Act , mandating that employers who meet certain criteria must offer tax-advantaged benefits to employees commuting via public transit.

Key Points:

In July of 2023, the Illinois General Assembly passed the Transportation Benefits Program Act , mandating that employers who meet certain criteria must offer tax-advantaged benefits to employees commuting via public transit.
Employers with at least 50 covered employees need to act quickly.
First American Bank’s Health Account Services team is dedicated to helping employers craft benefits offerings that support employee retention and seamless management.
The Transportation Benefits Program Act goes into effect January 1, 2024.

First American Bank Welcomes New Tampa Team Member to Head Business Development

Retrieved on:

Wednesday, November 22, 2023

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TAMPA, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) -- First American Bank, a privately held, full-service bank with over $6 billion in assets serving the Chicago, Milwaukee, Miami, and Tampa markets, recently welcomed Tony Sasso to their Tampa team as the new Senior Vice President, Commercial Lending.

Key Points:

TAMPA, Fla., Nov. 22, 2023 (GLOBE NEWSWIRE) -- First American Bank, a privately held, full-service bank with over $6 billion in assets serving the Chicago, Milwaukee, Miami, and Tampa markets, recently welcomed Tony Sasso to their Tampa team as the new Senior Vice President, Commercial Lending.
In his new role, Mr. Sasso will oversee business development in the bank’s West and Central Florida markets.
Mr. Sasso looks forward to contributing over two decades of experience in bank sales and management to the First American Bank team.
As a Business Banking Relationship Manager for Fifth Third Bank, and later a Commercial Banking Relationship Manager at Woodforest National Bank, Mr. Sasso provided solutions and services to small and commercial businesses while overseeing business development.

Chicago Tribune Names First American Bank a Winner of the Chicagoland Top Workplaces 2023 Award

Retrieved on:

Tuesday, November 21, 2023

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CHICAGO, Nov. 21, 2023 (GLOBE NEWSWIRE) -- First American Bank has been awarded a Top Workplaces 2023 honor by Chicago Tribune Top Workplaces.

Key Points:

CHICAGO, Nov. 21, 2023 (GLOBE NEWSWIRE) -- First American Bank has been awarded a Top Workplaces 2023 honor by Chicago Tribune Top Workplaces.
Sitting at #17 in the mid-sized company category , First American Bank is a privately held community bank that prioritizes its employees’ satisfaction and well-being.
After conducting countless anonymous surveys earlier in the year, Chicago Tribune used employee feedback to determine which companies would make the final list.
Out of a competitive pool of prospective companies, it selected 196 total, with one of them being First American Bank.

Verit Advisors® to Speak at ESOP Association Annual Conference

Retrieved on:

Thursday, November 2, 2023

Traveler, First American Bank, DeVault, Current Topics in Medicinal Chemistry, Cinema Verite (2011 film), Valuation, Organization, Acquisition, BMO Harris Bank, Engineering, Capital market, ESOP, LLP, The Travelers Companies, Mergers and acquisitions, Lazard, Financial services

Chicago, IL, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Verit Advisors® will participate in the largest ESOP conference and trade show which will be held in Las Vegas on November 8 - 10, 2023 and hosted by The ESOP Association.

Key Points:

Chicago, IL, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Verit Advisors® will participate in the largest ESOP conference and trade show which will be held in Las Vegas on November 8 - 10, 2023 and hosted by The ESOP Association.
In addition, Mary is a lifetime member of the Board of Governors of the ESOP Association.
Their session is titled “ESOP Financing Options & Market Update” and will focus on the current Financing market for new ESOP transactions and refinancing for current ESOPs.
Prior to joining Verit, Susan worked at William Blair as a Vice President and prior to that was at Lazard and The Travelers Companies

First American Bank Is Named Illinois CAPLine Lender of the Year for 2022

Retrieved on:

Thursday, August 10, 2023

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CHICAGO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- First American Bank is pleased to be named the Illinois CAPLine Lender of the Year by the U.S. Small Business Administration (SBA) for fiscal year 2022. This prestigious recognition is awarded to the lender that best supports small business clients’ lending activity and working capital needs through the SBA CAPLine Program, a program dedicated to helping small businesses meet their short-term and cyclical working-capital needs.

Key Points:

CHICAGO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- First American Bank is pleased to be named the Illinois CAPLine Lender of the Year by the U.S. Small Business Administration (SBA) for fiscal year 2022.
This is the second consecutive year First American Bank has received the Illinois CAPLine Lender of the Year award.
The award was presented on Tuesday, July 18, during the Illinois Lender Awards ceremony at the Chicago Union League Club.
“We’re delighted to again be honored as CAPLine Lender of the Year by the SBA,” said James Matteson, First Vice President and SBA Program Manager at First American Bank.

CuneXus Sees Record Growth in 2021, Signs 43 New Financial Institutions

Retrieved on:

Tuesday, January 11, 2022

CuneXus , the first and only digital storefront for financial institutions account holders, saw its largest year to date in 2021, securing 43 new financial institution clients, representing $102.3 billion in assets and 6.2 million customers.

Key Points:

CuneXus , the first and only digital storefront for financial institutions account holders, saw its largest year to date in 2021, securing 43 new financial institution clients, representing $102.3 billion in assets and 6.2 million customers.
CuneXus also entered the financial wellness market in 2021, announcing a new, real-time, credit monitoring tool available for financial institutions and end-users embedded within the CuneXus storefront.
CuneXus, a wholly owned subsidiary of CUNA Mutual, is the first-to-market with a digital storefront for financial institutions customers and members, addressing the need for a personalized, on-demand banking experience.
CuneXus client institutions represent over $596 billion in combined assets and 27.3 million U.S. consumers.