Pan American Bank Approved by Small Business Administration

EAST LOS ANGELES, Calif.--(BUSINESS WIRE)--Pan American Bank (OTCBB: PAMB) today announced that it has been approved as a Small Business Administration (“SBA”) lender. Led by a veteran SBA lending team, Pan American Bank looks to serve the predominantly Spanish-speaking small business community of East Los Angeles and the greater Los Angeles and Orange counties.

"As the only Bank headquartered in predominantly Spanish-speaking East Los Angeles we have found that there is a tremendous need for an SBA lender that understands the nuances of the Latino market. With nearly 50 years in the community we have seen the challenges that our small business owners have faced the past few years with regard to working with SBA lenders. We look to provide a seamless process,” said Pan American Bank CEO Jesse Torres. “Our SBA lending team is not only experienced and highly regarded by the SBA, but it is also fully bilingual and accustomed to working with Latino small business owners. Additionally, we provide much of the necessary technical assistance that is essential to ensuring long-term success. It is our expectation that the arrival of SBA lending at Pan American Bank will contribute to creating new jobs, building wealth for Latino small business owners, and will contribute towards elevating our Latino communities into the middle class.”

For more information about the SBA Loan Program or any Pan American Bank services, please contact Jose Juan Vega or Raquel Castro at [phone].

Established in 1964, Pan American Bank is California’s oldest Latino-owned bank and the second-oldest Latino-owned bank in the United States. Headquartered in East Los Angeles, Pan American Bank has served the needs of the Latino communities in Los Angeles and Orange counties for nearly a half-century. Founded by the first Latina United States Treasurer, Romana Acosta Banuelos, the Bank has stayed true to its mission of transforming and empowering Latino communities through banking relationships built on trust, service, respect, communication, and guidance. Pan American Bank is a member of the FDIC. Pan American Bank is located at 3626 East First Street, Los Angeles, CA 90063.

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