First-of-its-kind loan origination office opens in the heart of Newtown

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St. Petersburg-based First Home Bank celebrated the expansion of its local presence in Sarasota and opened its first Loan Origination Office (LPO) and financial resource center in the heart of the Newtown community in north of Sarasota.

“We are thrilled to officially join the Newtown community and serve as a trusted financial institution for its residents, ensuring they have access to the resources and tools they need,” said First President. Home Bank Sarasota Market, Tom Quale. “We are grateful for the support we have received from the community and its leaders to date and look forward to playing a part in the continued development of this historic area.”

Previously:First Home Bank to run a loan origination office in Newtown

The deadline is approaching:Funding now available to help low-income Manatee County residents repair dilapidated homes

To lead these efforts, First Home Bank has hired Sarasota residents Carlos Yancy and Joe McKenzie as business development specialists. Both will also join the Bank’s PEACE (Providing Equal Access to Credit Envoy) team, a team of residential mortgage experts dedicated to tackling inequality and better meeting the needs of minority and low-income borrowers. low to moderate income at each stage of the home buying process.

New bank BAY FIRST has demonstrated its commitment to local businesses by bringing in T. Salem Construction to complete renovations to the leased space in Sarasota which it hopes to make a permanent branch.

“That’s why we’re here, to make things bigger,” said market president Tom Quale, who referred to the work Terrill Salem’s firm has done to renovate the former offices of the redevelopment center in Sarasota to Martin Luther King Way and North Osprey.

The LPO will be the first of its kind in the community, providing personal and business loans as well as additional financial education, programs and resources to community members and business owners. It will also feature a fee-free ATM, giving customers free access to their funds.

Community members, city officials and bank executives celebrate the opening of the First Home Bank office in Newtown on Friday January 12, 2022. Left to right: Jetson Grimes, Kyle Battie, Joe McKenzie, Cash the Money Dog Mascot, Carlos Yancey, Hagan Brody and Marlon Brown.

the the location was chosen as part of First Home’s commitment to identifying underserved areas need financial resources and ensure residents have access to a trusted financial institution that can give them the tools they need to succeed and reinvest in their community.

Based in St. Petersburg, First Home Bank operates seven banking centers in the Tampa Bay area and originates residential mortgages through 24 loan origination offices nationwide.

In addition to residential mortgages, First Home Bank offers a wide range of personal and business banking services, including small business loans through its SBA lending division, CreditBench, and is a leading lender SBA in the country, ranking in the Top 10 in loans under $350,000 and number 5 in the state of Florida.

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