Jeannine Balanky joined North State Bank as a SBA Business Development Officer
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Senior Vice President and Director of Government Lending
RALEIGH, N.C. . . . Jeannine Balanky joined North State Bank as a Small Business Administration (SBA) business development officer, announced Director of Government Lending Marty Ferguson. In this role, Balanky will work with companies nationwide to access SBA lending programs.
“Jeannine is the definition of an experienced SBA lender,” commented Ferguson. “She’s helped hundreds of borrowers access funding to acquire, start or grow their businesses. SBA loans are even more important for the small business community in the current rate environment. As an SBA Preferred Lender and community bank, North State Bank and our team of lenders are a great resource.”
A native of Jacksonville, Florida, Balanky’s banking career began in mortgage lending, where she helped borrowers with home financing. In the early 2010s, she transitioned to SBA lending, most recently serving as a senior vice president and SBA business development officer at American Momentum Bank, where she earned a Top Producer designation. Prior to that, she held SBA lending positions with Florida Capital Bank, SunTrust Bank (now Truist), and Essential Capital Finance. In addition, she is active with several professional organizations, including the Small Business Development Center, where she serves as an advisory council member. She is a member of the Business Brokers of Florida and the Florida Association of Government Guaranteed Lenders. She studied at Florida State College at Jacksonville and Jones College.
“The right loan can be foundational to a company’s success,” shared Balanky. “I consider it a privilege to help small business owners as they acquire, start or expand their companies.”
Founded in 2000, North State Bank is an independent, full-service community bank serving Wake and New Hanover counties through seven offices, and serving the community management association industry through its CommunityPLUS division. North State Bank has held a “Preferred Lender” designation from the U.S. Small Business Administration’s Preferred Lenders Program since 2017.
This news release may contain forward-looking statements. Actual results might differ materially from those projected in the forward-looking statements for various reasons, including our ability to manage growth, changes in real estate values and the real estate market, regulatory changes and increased deposit insurance assessments, economic conditions, changes in interest rates, substantial changes in financial markets, loss of deposits and loan demand to other savings and financial institutions and our limited operating history.