National Bank of Commerce CEO elected to business development board

Steve Burgess, CEO of National Bank of Commerce, has been elected to the board of the Wisconsin Business Development Finance Corp. (WBD), which leads businesses in gaining access to capital in order to grow their businesses, provide job opportunities and enhance their communities.

“I’m honored to have been chosen as a member of the WBD board because of the great job they do to help businesses succeed,” said Burgess, who has been a WBD advisory member since 2003. “Thousands of businesses have used the products of WBD and its affiliates to leverage their own capital and intellectual property through the use of long term subordinate fixed rate financing, SBA loans, restructures and tax credits.”

Since 1981, WBD has partnered with Wisconsin financial institutions to provide more than $2 billion in funding to over 2,000 state businesses.

“Most recently WBD has started a micro loan program through its acquisition of the Lincoln Neighborhood Redevelopment Corporation, which is now the Lincoln Opportunity Fund,” said Burgess. “WBD is in the business of finding creative solutions for businesses much the same as National Bank of Commerce is. We partner with businesses in the Twin Ports area and companies like WBD to help make dreams come true.”

National Bank of Commerce is the area’s largest locally-owned bank, with two banks in Superior, and one each in Poplar, Solon Springs, Duluth and Hermantown. The bank’s web address is nbofc.com. For more information on the WBD, visit wbd.org.

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