Articles from Community Bankshares

The 125-year-old institution posts record earnings, 400% growth in non-interest income, and breakthrough SBA securitizations

LAGRANGE, Ga., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Phoenix Lender Services (“Phoenix”), a subsidiary of Community Bankshares Inc. (“CBI”), announced today that it facilitated more than $325 million in SBA and USDA loan closings during its first full fiscal year in operation — marking one of the most successful inaugural performances in the history of government-guaranteed lending.

LAGRANGE, Ga., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Community Bank & Trust - West Georgia (CB&T), a subsidiary of Community Bankshares Inc recently announced the successful closing of the SOUP 7(a) Trust 2025-FBC1, a $118.9 million securitization backed by the unguaranteed portions of U.S. Small Business Administration (SBA) 7(a) loans. This marks the second-ever securitization of its kind and highlights CB&T’s leadership in expanding innovative capital solutions for small business owners and their lenders.

JOSHUA TREE, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Thomas Financial Group and Phoenix Lender Services, subsidiaries of Community Bankshares Inc., are proud to announce the successful origination, underwriting, and closing of a $7.5 million USDA Business & Industry (B&I) loan for the refinance of a construction loan to build the Reset Hotel, a high-impact hospitality project located just five minutes from the north entrance of Joshua Tree National Park.

ATLANTA, July 22, 2025 (GLOBE NEWSWIRE) -- Thomas Financial Group, a wholly owned subsidiary of Community Bankshares Inc., is proud to announce the successful closing of a $19.975 million USDA Business & Industry (B&I) loan for the refinance and full renovation of two historic hospitality assets in downtown Mendocino: The Mendocino Hotel & Garden Suites and Hill House Inn.

Expedited financing effort supports revitalization of iconic hospitality destinations along the California coast, ensuring long-term economic and cultural impact

Sustainable Agriculture Project in South Carolina to Boost Food Security, Reduce Carbon Emissions, and Create High-Tech Jobs

$185 million successfully closed in Q2 for 37 government-guaranteed loans across 20 states, demonstrating Community Bankshares, Inc.’s impact of speed, scale, and community-driven solutions

ATLANTA, May 20, 2025 (GLOBE NEWSWIRE) -- In a powerful demonstration of speed and strategic execution, Thomas Financial Group (TFG), a wholly owned subsidiary of Community Bankshares Inc., in partnership with Siguler Guff, Phoenix Lender Services (PHX), and Community Bank & Trust, successfully originated, underwrote, and closed three hospitality bridge loans totaling over $34 million in less than 40 days. All loans are structured for USDA Business & Industry (B&I) program takeout, reinforcing the firm’s capacity to deliver complex, time-sensitive financing solutions.

Phoenix Lender Services and Thomas Financial Group are fueling strategic funding nationwide, resulting in increased employment opportunities, food supply networks, and small business growth in rural areas

LAGRANGE, Ga., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Community Bankshares, Inc. congratulates Thomas Kimsey, President and CEO of Thomas Financial Group, on his appointment by President Trump to the Small Business Administration (SBA) as Associate Administrator for the Office of Capital Access. Thomas Financial Group is a subsidiary of Community Bankshares, Inc.