CRDC is pleased to announce two awards were presented at its annual Banker Celebration held at the Grappone Conference Center in Concord, N.H. The first award recognized Primary Bank as CRDC’s Bank of the Year. The award according to CRDC Executive Director, Stephen Heavener is based on highest dollar volume of lending of loans referred to CRDC in the fiscal year ending September 30, 2018. “CRDC is a non-profit development corporation, and relies heavily on our relationships within the banking industry to achieve our mission,” says Heavener. “Primary Bank referred 25% of our closed loans for fiscal year 2018. They are a lead supporter of our work this fiscal year and we recognize their support.”
CRDC also celebrated the dedication and support of John Udaloy, SVP Senior Market Manager, Northway Bank. The award is solely based on the dollar volume produced together by a commercial lender and CRDC. “John’s commitment to CRDC and his customers is evident through the work we have accomplished together.”
In addition to the Awards presented at CRDC’s Annual Meeting, Heavener thanked the many other commercial lenders in attendance for their dedication and commitment to the banking industry.
“CRDC proudly collaborates with multiple banks to facilitate the lending process for New Hampshire companies looking to expand their business through the purchase of real estate, new equipment or a whole new business,” said Heavener. We thank our lending partners for our tremendous success where we funded a total of 25 loans, including nine SBA Loans worth $3,077,000 and 16 direct loans totaling $1,614,283. Total loans funded/closed was $4,691,283. CRDC worked with 11 different banks in 13 distinct communities in seven counties.”
Primary Bank was awarded as Bank of the Year by CRDC. This award is based on highest dollar volume of lending of loans referred to CRDC in the fiscal year ending September 30, 2018. (L-R) Primary Bank President & CEO, Bill Stone receives the Bank of Year Award from CRDC’s Executive Director, Stephen Heavener.
John Udaloy SVP Senior Market Manager, Northway Bank was recognized as CRDC's Commercial Lender of the Year. The award is solely based on the dollar volume produced together by a commercial lender and CRDC. (L-R) CRDC’s Executive Director, Stephen Heavener presents John Udaloy, SVP Senior Market Manager with the Commercial Lender of the Year Award.