CCB shares SBLF funding

Published 12:00 am Thursday, September 29, 2011

BIRMINGHAM, Ala. – An Andalusia bank was one of two in Alabama that will share $13.5 million from the Small Business Lending Fund championed by President Barack Obama to encourage business loans and job creation.

Andalusia’s Southern National Corp., doing business as CCB Community Bank, got $6 million and Anniston’s Southern States Bancshares, got $7.5 million.

So far, five Alabama community banks received $88.7 million in small business lending capital, the Treasury Department said.

“Billions of dollars in SBLF funds are now being put to use in communities all across the nation, spurring small business growth and job creation,” said Deputy Secretary of the Treasury Neal Wolin. “These investments, which will help propel lending by Main Street banks, are good for our economy and good for America’s small businesses.”