GBank Financial Holdings Inc. announces that Bank of George surpasses $1 billion in SBA 7(a) and USDA lending

LAS VEGAS, May 9, 2022 /PRNewswire/ — GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), the parent company of Bank of George (the “Bank”), one of the top 100 SBA 7(a) US lenders, today announced that the Bank’s SBA division has outperformed 1 billion dollars total cumulative SBA 7(a) and USDA loan origination.

The bank’s SBA department made its first SBA-7(a) loan in June 2015and is quickly positioning itself as a trusted partner for small business owners.

Bank of George offers SBA and US Department of Agriculture (USDA) credit through the federal government guaranteed credit programs to specific industries and customers, both in and out of the market. The bank is recognized as one of the most active SBA lenders in the country and is known for its quality underwriting and excellent service. The bank is ranked 19th nationwide by the US Small Business Administration for SBA loan size of $7(a). September 30, 2021.

The bank has been a leading national SBA 7(a) hotel/motel lender for each of the past three years, maintaining strong national relationships and establishing itself as the leading government-guaranteed lender in the industry.

“The team members of the bank’s SBA division are some of the most knowledgeable and hard-working talent in the industry, and we could not have achieved this landmark achievement without the efforts of each and every one of them,” he said Nancy M. DeCouEVP/Chief SBA Officer.

“In 2015, the bank decided to establish an SBA 7(a) loan program to continue providing resources to American small businesses.” said t Ryan Sullivan, President and CEO. “The bank’s SBA capacity, which now originates in 40 states, has grown under Ms. DeCou’s leadership and will continue to expand as the bank recruits world-class lenders in attractive markets.”

“On behalf of our Board of Directors, I would like to thank all of our team members for their contribution to this important milestone in the history of Bank of George and GBank Financial Holdings Inc.,” he said Edward M.NigroCEO.

The Company

GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a bank holding company with approx $626 million in wealth March 31, 2022conducts its business through its wholly owned subsidiary, Bank of George (named in honor of george washington). The bank was founded in 2007 and operates two full-service offices in Las Vegas, Nevadawith primary lending activities focused on onboarding customers Nevada, California, Utah, and Arizona. Bank of George has key businesses in three major businesses: SBA Lending, Gaming FinTech and Commercial Lending. The bank operates nationally through its SBA lending operations (ranked 19th in the nation for SBA $7(a) lending volume by the US Small Business Administration September 30, 2021) and his partnership. The bank’s Gaming FinTech division was formed in 2016 through its agreement with BankCard Services, LLC (“UCS“) supports the Play+ solution from Sightline Payments (Visible Payments) for seamless and secure pay-and-play, enabling cashless mobile commerce solutions for gaming, lottery and sports betting ecosystems, positioning GBank as the financial leader in this new world of payments. The bank also offers general commercial banking services with a focus on meeting the needs of small and medium-sized businesses, high net worth individuals, professionals and investors. The bank offers a full range of consumer deposit products and focuses on providing a first class level of service. Bank of George has been named one of the top 100 US community banks by S&P Global Market Intelligence every year for the past five years 3 billion dollars in wealth. For more information about the Bank of George, visit their website at GBank’s common shares are listed on the US OTCQX market under the symbol GBFH.

Forward-Looking Statements

GBank has made forward-looking statements in this press release. These forward-looking statements involve risks and uncertainties. Forward-looking statements include information about possible or anticipated future results of the business of the Company and its subsidiaries. Whenever words such as “believe,” “expect,” “anticipate,” or similar expressions appear in this press release, the Company is making forward-looking statements. You should be aware that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from the forward-looking statements contained in this press release. These factors include, but are not limited to: the recent and ongoing coronavirus (COVID-19) pandemic, which poses risks and may adversely affect the Company’s business and results of operations in future quarters, credit risk, changes in market interest rates, inability to achieve merger-related synergies , competition, economic downturn or recession, and government regulation and oversight. The Company undertakes no obligation to update or revise any forward-looking statements.


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SOURCE GBank Financial Holdings Inc.

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