Piedmont Advantage Credit Union Launches Commercial Products and Services |
WINSTON-SALEM, North Carolina, 21 October 2021 / PRNewswire / – Piedmont Advantage Credit Union announced today that it will offer commercial products and services and has retained Scott Smith as Senior Vice President of Commercial Lending.
According to the President and CEO of Piedmont Advantage Dion williams, commercial deposit offerings are expected to be available by the end of the year with business lending products and services, including merchant services, available by the second quarter of 2022, if not earlier.
“After successfully administering the Small Business Administration’s Paycheck Protection Program (PPP) loan closures and forgiveness during the pandemic, we know there is an opportunity to help small businesses in communities. that we serve. Scott Smith given the positive impact it could have at Piedmont Advantage in helping small businesses in the region grow and prosper, ”said Williams.
A resident of Kernersville, Smith has over 30 years of experience in commercial lending, risk management, financial planning and analysis, and commercial credit underwriting, as well as new account development and regulatory compliance. He obtained his MBA from University of South Carolina in Colombia, SC and cum laude bachelor’s degrees in business administration and history of Alma College in Alma, Mich.
About the Piedmont Avantage credit union
Based at Winston-Salem, North Carolina, and founded in 1949 as part of the airline industry, Piedmont Advantage Credit Union now serves owner members, who reside, work, worship or attend school in any of the 13 counties in which it serves North Carolina or who are employed by one of its many employers. These 13 North Carolina the counties are Blade, Brunswick, Columbus, Cumberland, Davie, Duplin, Forsyth, Guilford, Iredell, Mecklenburg, New Hanover, Waiting and Rockingham. Piedmont Avantage, a not-for-profit cooperative financial institution, has 10 branches in its service regions and employs more than 120 people.
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SOURCE Piedmont Avantage Credit Union