SAN DIEGO--(BUSINESS WIRE)--Jan. 25, 2006--David H. Bartram,
president of U.S. Bank's SBA Division, has been selected chairman of
the National Association of Government Guaranteed Lenders (NAGGL).
NAGGL is a national trade organization comprising primarily
lenders participating in the U.S. Small Business Administration's
(SBA) 7(a) guaranteed loan program. NAGGL members originate
approximately 80 percent of all 7(a) loans.
Bartram will serve as NAGGL chairman for the next three years, in
addition to his position at U.S. Bank. He will work to strengthen the
SBA lending industry's ability to provide capital to America's growing
small businesses community. Through the 7(a) program, SBA lenders
anticipate providing approximately $17 billion in loans to small
businesses this year.
"Dave Bartram has provided leadership to NAGGL member companies
virtually from our inception 22 years ago and our industry is very
fortunate to have him as chairman in addition to his on-going
responsibilities leading U.S. Bank's SBA Division," said Tony
Wilkinson, president of NAGGL.
Bartram's prior service to NAGGL is extensive. He has served as
vice chairman of both the government relations committee and the
technical issues committee.
In 2005, U.S. Bank set new company SBA lending records based on
both total loans and well as loan dollar volume providing
$512.2 million in SBA guaranteed loans to 3,957 small businesses
Headquartered in San Diego, U.S. Bank SBA Division currently
operates 24 specially designated SBA Business Centers nationwide. U.S.
Bancorp (NYSE:USB), parent company of U.S. Bank, is the 6th largest
financial holding company in the United States with assets of
$209 billion. The company operates 2,419 banking offices and 5,003
ATMs, and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products
to consumers, businesses and institutions. Visit U.S. Bancorp on the
web at www.usbank.com.
CONTACT: U.S. Bank
Teri Charest, 612-303-0732
SOURCE: U.S. Bank