GRAND RAPIDS (WZZM) -- The U.S. Small Business Administration is recognizing a local Grand Rapids bank for its commitment to investing in diversity.
Tuesday, the Bank of Holland was awarded the Michigan SBA Diversity Lender of the Year. It's given to the bank that best demonstrates a commitment to serving Michigan businesses owned by women, veterans, and minorities.
"We really are looking at the impact that they make to the community. In this particular case, this award is given to a lending institution that has really been able to get money into the hands of those under represented groups," said Gerald Moore, district director of U.S. Small Business Administration.
"We just look to expand that group to include as many as we can and allow those businesses to be able to make a great impact in the community," added Brad Dyksterhouse, senior vice president for the Bank of Holland.
The Bank of Holland ranks number one overall in the state for percentage of total loans made to minority groups.