Green Bank aims to be No. 1 Houston SBA lender this year

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Green Bank aims to be No. 1 Houston SBA lender this year

HBJ

Mark Yost
Reporter, Houston Business Journal
 

Green Bank NA,  Houston's 15th largest financial institution  with about $1.7 billion in assets, is aiming to become the No. 1 Small Business Administration lender in the market.

According to the latest SBA data from the start of the fiscal year in October through January, privately held Green Bank has done just that, generating about $16 million in SBA loans, making it No. 1 in Houston, ahead of larger banks such as BBVA Compass Bancshares, the fourth largest financial institution in Houston with $11 million in SBA loans, and Amegy Bank, the fifth largest Houston bank, with nearly $9 million in loan generation.

"Our goal is to be number one this year," Green Bank CEO Geoff Greenwade told the Houston Business Journal.

Green Bank was No. 5 in the Houston market in the 2013 fiscal year that ended last September, generating about $25 million in SBA loans. BBVA Compass, a unit of Spanish bank Banco Bilbao Vizcaya Argentaria SA was No. 1 with nearly $43 million in loans, followed by Amegy, a unit of Zions Bancshare (Nasdaq: ZION) with $39 million.

"We’re working on a podium finish," Kevin Coffman, Green Bank's senior vice president and government guaranteed lending division manager,  told HBJ in a November interview."Green Bank is dedicated in providing access to capital to small businesses in the Houston and Texas markets. We will continue to grow and be a major player in providing business loans to the community."

Greenwade told HBJ this week that Green Bank is lending across the business spectrum, from energy companies to light manufacturing to franchises.

"It's an incredibly diverse portfolio," Greenwade said of Green Bank's SBA volume. "It's reflective of the fact that everyone wants to be in this market."

Greenwade said that Green Bank wants to continue to grow through "smart acquisitions," resulting in a bank that has about $5 billion in assets.

Since changing its name in 2007, Green Bank has grown from just two branches to 12, with multiple branches in Houston and Dallas and one branch in Austin.

Greenwade said that "we'll have some news this summer" on acquisitions. The Houston-based bank is focused on growing its footprint in the Houston and Dallas markets, he said. 

Click here to read article at Houston Business Journal website.