Pub. 12 2024 Issue 1

Bank Kudos


CCBank Kicks Off Official Bank Partnership with Utah Warriors
CCBank is excited to announce its official bank partnership with the Utah Warriors Major League Rugby organization. Both organizations believe in the power of teamwork, perseverance and dedication to achieving goals, making this collaboration a natural fit.

“We are so proud that this unique partnership with the Utah Warriors goes beyond financial support; it’s truly an investment in the communities we serve. Through this collaboration, CCBank aims to encourage youth participation in sports, foster a sense of community pride and support the growth of rugby in Utah and beyond,” said Matt Field, CCBank’s president and CFO.

As the official bank partner of the Utah Warriors, CCBank is also the Presenting Sponsor of the Junior Warriors Education Program and Presenting Sponsor of the CCBank/Utah Warriors Scholarship Program. Over 50,000 area youth athletes participate in the Junior Warriors Program, and the CCBank/Utah Warriors Scholarship Program will award $500 athletic scholarships to 12 area high school students each year. CCBank is also an exclusive Warriors XV member proudly sponsoring the team’s #1 starting player jersey — and is the exclusive debit and credit card provider for the Utah Warriors business and fan base network.

“The Utah Warriors are excited to enter into this partnership with CCBank,” said Kimball Kjar, Utah Warriors CEO. “As we head into our seventh season, having the support of a respected organization like CCBank not only enhances our team’s presence but also contributes significantly to our vision of building North America’s epicenter of rugby on and off the field. We are eager to work together and make this season one to remember for our fans and the community.”

Celtic Bank

Celtic Bank Onboards Franchise Group, Opens Up to Large Franchise Finance
With the onboarding of a new franchise financing group in January, Celtic Bank launched a new large loan product geared towards established franchise owners.

Led by Steven Lick, EVP of Franchise Financing, the group is well-known in the franchise space and brings decades of combined industry experience to the bank. They specialize in larger conventional loans from $5 million and up for established franchise owners.

The franchise group will enable the bank to continue to diversify its financing options and serve more borrowers in more markets. They will also complement the bank’s SBA lending program, where financing can tap out at $5 million. The bank can now support small franchise owners when their business needs outgrow SBA funding caps.

“That’s where we step in and continue to grow with them,” said Steven Lick. “This is the institution that can not only get you started, but they can take you all the way.”


Utah Food Bank Receives $100,000 Grant from KeyBank to Support Culturally Responsive Food Initiative
KeyBank awarded a $100,000 grant to Utah Food Bank to expand the organization’s Culturally Responsive Food Project. The project allows the organization to identify, track and distribute culturally familiar foods to communities in need throughout Salt Lake County and eventually state-wide.

The KeyBank grant will aid Utah Food Bank’s efforts in scaling the Culturally Responsive Food Project to food pantries throughout Salt Lake County, which includes purchasing additional food items and technology to manage inventories. The program expansion also includes conducting additional surveys to create a Utah-specific culturally relevant foods list.

“Utah Food Bank is grateful to KeyBank’s support, which will allow us to better respond to Utah’s changing demographics,” said Ginette Bott, Utah Food Bank president & CEO. “While this is an important initiative statewide, piloting this program in Salt Lake County will allow us to refine the distribution of more culturally responsive foods so that as we expand our footprint in the upcoming year, we can implement similar models statewide.”

UAACC Charitable Foundation Receives $100,000 Grant from KeyBank in Support of Utah Youth
KeyBank has awarded a $100,000 grant to the Utah African American Chamber of Commerce (UAACC) Charitable Foundation to support the organization’s career exploration programming for high school and college students.

The UAACC Charitable Foundation was founded by the Utah Black Chamber in 2018 to further its mission of improving the overall economic development of Utah’s Black community. The foundation provides events and programming to start and grow more Black businesses, strengthen the pipeline of Black talent for Utah corporations, and build the area’s overall Black wealth.

“Our KeyBank giving strategy is focused on three pillars: neighbors, education and workforce,” said Drew Yergensen, president of KeyBank Utah. “This grant will help the UAACC Charitable Foundation equip young adults in our community with the confidence, skills and training needed to achieve sustainable employment and build a strong workforce pipeline for local businesses.”

State Bank of Southern Utah

State Bank of Southern Utah Expands Corporate Headquarters
State Bank of Southern Utah completed its new addition to their Corporate Headquarters in Cedar City, Utah, adding 22,000 square feet. Construction started in June 2022 and was completed in November 2023, just in time to celebrate the bank’s 66th birthday.

State Bank hosted a ribbon-cutting ceremony and a community open house to celebrate this occasion. President & CEO Eric Schmutz shared, “We are grateful for the continued support of our customers that made this expansion necessary. The mission of the bank to improve the lives of our customers, employees and the communities we serve is as true today as it was when the bank was founded 66 years ago. The continued growth of the bank is another testament to the need for a true community bank that builds relationships, understands the community and makes local decisions.” He ended by emphasizing, “From 12 employees to almost 300 employees, those principles are the same … our roots are in Southern Utah, not just our branches, and that’s what we intend to be for years and years to come.”

TAB Bank

TAB Bank Provides Printing Companies in Ohio with a $5 Million Credit Facility
TAB Bank is pleased to announce it has provided two printing companies based in Ohio with a $5 million credit facility. The facility consists of a $4 million revolver and a $1 million term loan. The new facility is extended through a multi-year agreement and will provide for the companies’ ongoing working capital needs. The companies provide point-of-purchase and merchandising display solutions, specializing in plumbing fixture displays as well as paint color cards and other products for sales and marketing purposes.

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