Valley Green Bank is a top performer nationally among participants in the U.S. Treasury's Small Business Lending Fund, recent federal data showed.
The Philadelphia bank used a $5 million SBLF investment to help boost its small-business lending by $44 million, or 173 percent, since receiving the investment in 2011. In percentage terms, that ranked seventh in the nation, not counting three banks that started with less than $100,000 in loans.
Established by the Small Business Jobs Act of 2010, the idea behind the treasury fund was that every dollar invested could result in $10 of lending.
Valley Green came close to matching that through the end of 2012, but is not finished lending, president and chief executive Jay Goldstein said Thursday.