200 NIBCO Parkway, Suite 200, Elkhart, Indiana 46516 p: 574.295.8866 f: 574.293.2579 e: tadesign@tadesign.com
News Release
Contact: James Hiatt, president, First State Bank 574.825.2166 or
Pam Kendell, Todd Allen Design 574.295.8866
For Immediate Release: February 10, 2009
Carboneau Named Banker of the Year
SOUTH BEND, Ind. -- Mark Carboneau, First State Bank senior vice president, has been named
Banker of the Year by the Business Development Corporation (BDC), a nonprofit company
providing financial packages for small businesses. BDC recently presented the annual Banker of
the Year Awards at a reception recognizing its area banking partners.
BDC works with banks to offer supplemental, long-term, fixed-rate loans to help small
businesses in northern Indiana and southern Michigan expand their operations. The award
honors outstanding achievement in working through the Small Business Administration’s 504
Loan Program with BDC. Carboneau earned Banker of the Year in the category of Most 504 Loan
Approvals.
Carboneau is regional manager for the full-service, cashless banking center which utilizes the
latest banking technology for personal as well as business banking at Edison Lakes in
Mishawaka, Ind. In addition to his extensive banking experience, he has a background in real
estate and construction. He joined First State Bank in 2005.
"Working with small businesses is at the core of First State Bank’s philosophy of community
banking,” said Carboneau. “We are dedicated to helping people with start-up and expansion of
their business, especially here, where it impacts our local economy.”
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The Small Business Administration (SBA) 504 Loan Program is a national financing program
that recognizes the contributions of expanding small- and medium-sized businesses toward job
growth in the United States. The program funds projects for land, buildings and equipment.
Business Development Corporation has supported entrepreneurs and established business
owners in retaining and creating ove