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Miners Bank Receives “Small Business Bank Award”

July 30, 2012

Small Business Bank AwardJuly 23, 2012 – (Minersville, PA) – Miners Bank has been recognized as one of the best small business lenders in the country by Banking Grades, a website the provides grades for banks on their commitment to small business lending. The site is operated by MultiFunding, a small business advisory firm. “One of the biggest challenges that small businesses face is access to capital,” says Ami Kassar, CEO of MultiFunding.  “Our grading system and website helps small business owners find local banks that are friends of small business - Banking Grades (www.bankinggrades.com).”

Banking Grades is a proprietary online tool that grades every bank on its commitment to small business lending.  Using public data from the Federal Deposit Insurance Corporation (FDIC), Banking Grades compares the amount of a bank’s deposits to the number of loans that bank has made to small businesses.  These loans are $1,000,000 or less.  “This is a very objective grade.  It’s all about the data.  Based on their lending record, Miners Bank has shown that it is committed to helping small business.  It is making loans to small businesses,” explains Kassar.

This award is well deserved by Miners Bank.  “We have done business with Miners Bank for many years and continue because of the outstanding service and accessibility.  The ease of doing business with Miners Bank brings us back time after time and the ease of receiving a quick response to our requests is the reason we chose Miners.  We congratulate Miners Bank for an outstanding job”, said Herman “Sonny” Fenstermacher of Sonric Associates.  Sonric Associates is a real estate investment partnership with Sonny’s brother Richard “ Dick” Fenstermacher.

The Miners Bank is committed to providing personalized service and a full array of quality products to individuals and businesses.  The corporation, Phoenix Bancorp, Inc., including its wholly owned subsidiary, Miners Bank, which was founded in 1935, has $130 million in corporate assets.  Miners Bank serves the needs of communities throughout Schuylkill and southern Luzerne County through local decision making and active community involvement by employees.

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