Clear Mountain Bank Named by SBA as
West Virginia Community Lender of the Year
Posted on: May 10th, 2022
Clear Mountain Bank has been named West Virginia Community Lender of the Year by the Small Business Administration’s West Virginia District Office.
At the culmination of National Small Business Week, the bank was formally recognized along with other small business week award winners from West Virginia, during a state-level awards ceremony on Friday, May 6, 2022, at the Robert H. Mollohan Research Center in Fairmont, WV. In addition to a trophy, the bank received a letter and certificate of congressional recognition from United States Senators Joe Manchin III and Shelley Moore Capito, as well as recognition from West Virginia Governor Jim Justice.
“Clear Mountain Bank is proud to be named the West Virginia Community Lender of the Year for 2021,” said David M. Thomas, president and CEO of Clear Mountain Bank. “As a locally owned and managed community bank, we take immense pride in our capability to make quick, local decisions and continue to tailor our business banking services to help businesses grow and thrive in our ever-changing economy.”
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, stated that National Small Business Week is celebrated each year in May to honor small businesses and recognize SBA partners for their support in providing startups and small business owners with counseling and advice, skills development, disaster preparedness and recovery, as well as access to capital, government contracting, lending, and market opportunities to start, grow, and build resilient businesses. Clear Mountain Bank provided funding for thirty-one small businesses in West Virginia in fiscal year 2021 totaling $8,062,500.00 through the SBA’s guaranteed loan program.
Clear Mountain Bank is a locally owned and managed community bank that has been serving North Central West Virginia and western Maryland for more than 125 years. The bank provides a comprehensive array of digital and traditional banking products and services to meet the needs of its personal, business, commercial, mortgage, and financial advisory customers. Additional information about Clear Mountain Bank is available at www.clearmountainbank.com.
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. Since 1963, the SBA has used National Small Business Week to honor and recognize the contributions of America’s entrepreneurs and small business owners. To learn more, visit www.sba.gov.