CBC National Bank, headquartered in Fernandina Beach and with branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., announced that it has been named by LendingTree as among the Top 10 highest customer-rated mortgage lenders in the fourth quarter of 2017. It also achieved this prestigious designation in the first quarter of 2017.
Online loan marketplace LendingTree said its rankings feature top lenders in multiple loan product categories, including mortgages, personal loans, business loans, and auto loans. CBC National Bank earned the Top 10 ranking in the mortgage category. CBC has a 99 percent customer recommendation rating on LendingTree, and a customer rating of 4.9 out of 5 stars based on more than 1,000 customer reviews.
"Congratulations to our Q4 winners," said Neil Salvage, president of LendingTree. "Ratings and reviews of our lending partners help inform consumers in their loan shopping decisions and promote excellent customer service across LendingTree's network of lenders."
"In every interaction we have with customers – whether it is in person or online through a marketplace like LendingTree – we strive to provide the best possible loan products and customer service to precisely meet the needs of our customers," said Brynn Stensrud, president of CBC National Bank's Mortgage Division. "Being named by LendingTree as among the Top 10 highest rated mortgage lenders on its platform by actual customers in both the first and fourth quarters of 2017 is a testament to the real-life experience they had working with our lenders, and recognition that our lenders are providing the excellent service that is our hallmark."
About CBC National Bank
CBC National Bank, headquartered in Fernandina Beach, Fla., provides a full range of consumer and business banking services through full-service banking offices in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C. The company's residential mortgage banking division, headquartered in Atlanta, includes traditional retail and wholesale lending, as well as a national retail group that has lending offices in Georgia, Maryland, Illinois, Ohio and Tennessee. The company's SBA lending division originates SBA loans primarily in Jacksonville, Ft. Myers, Tampa and Vero Beach, Fla., Greensboro, N.C., Atlanta and Beaufort. For more information, please visit CBC National Bank's website, www.cbcnationalbank.com.
About Coastal Banking Company Inc.
Coastal Banking Company Inc., headquartered in Beaufort, S.C., is the $604.7 million-asset bank holding company of CBC National Bank. The company's common stock is publicly traded on the OTCQX Best Market under the symbol CBCO. For more information, please visit the company's website, www.coastalbanking.com.
On Nov. 7, 2017, First Federal Bancorp Inc., the holding company of First Federal Bank of Florida, announced a definitive merger agreement to acquire Coastal Banking Company Inc., and CBC National Bank. It is expected that the merger will close and the two companies will become one organization in the second quarter of 2018, pending required shareholder and regulatory approvals.