Two Rivers receives federal loan funds
The U.S. Department of the Treasury announced Wednesday that Two Rivers Financial Group Inc. has received $23.2 million through the Small Business Lending Fund (SBLF). The $30 billion SBLF was established as part of the Small Business Jobs Act to encourage community banks to increase their lending to small businesses. Two Rivers, based in Burlington, is the holding company for Two Rivers Bank & Trust. According to Treasury Department online records, Two Rivers is the first Iowa-based bank to receive funds through the program, which has distributed $2.38 billion to financial institutions since June. For more details on the SBLF program, click here.