This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

LNB Bancorp, Inc. Names James Baemel Senior Vice President & SBA Lending Manager

James B. Baemel, a 27-year banking veteran, has been named senior vice president and SBA business lending manager for Lorain National Bank. He reports to Daniel E. Klimas, president and chief executive officer of Lorain National Bank.

In his newly created position, Mr. Baemel will be responsible for leading the recently developed SBA commercial lending sales team at LNB, which will serve businesses across a nine state area. Mr. Baemel and his team will be located in a new LNB loan office in Columbus, OH.

Joining James Baemel on the new SBA Lending team:

  • Spencer Twyford, vice president
  • Chris Jackson, vice president
  • Tyler Nicholson, underwriter

“Jim’s leadership and experience are a great addition to our commercial banking sales team,” said Klimas. “We’re excited to launch this new strategic effort to source SBA loans across a much larger market area than Northeast Ohio. Throughout his impressive career, Jim has shown a great ability to provide the best financial solutions for his clients, a strength that will greatly benefit the LNB team and our customers. Jim has assembled a team with considerable knowledge of government lending programs through the Small Business Administration.”

Prior to joining LNB, Mr. Baemel was senior vice president at Parkview Federal Savings Bank. He has also held senior management roles at UPS Capital Credit, Unizan Bank, N. A. and The Money Store Investment Corporation. The sales team worked together for Unizan Bank prior to the acquisition by Huntington Bank.

“We’re pleased to be part of Lorain National Bank, offering financing options to small businesses. Our advantages are years of SBA lending experience and fast approvals for our customers,” said Baemel.

About LNB Bancorp, Inc.

LNB Bancorp, Inc. is a $1.2 billion bank holding company. Its major subsidiary, The Lorain National Bank, is a full-service commercial bank, specializing in commercial, personal banking services, residential mortgage lending and investment and trust services. The Lorain National Bank and Morgan Bank serve customers through 20 retail-banking locations and 28 ATMs in Lorain, eastern Erie, western Cuyahoga and Summit counties. Our Indirect Auto Financing division serves over 650 dealers in seven states. North Coast Community Development Corporation is a wholly owned subsidiary of The Lorain National Bank. For more information about LNB Bancorp, Inc., and its related products and services or to view its filings with the Securities and Exchange Commission, visit us at http://www.4lnb.com.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs