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| Pacific State Bank and Business Receive Inaugural USDA Business and Lender of the Year Awards |
(December 16, 2003) Lockeford, CA - Paul Venosdel, State Director, USDA Rural Development in California today presented the first ever Business and Lender of the Year Awards to representatives from the Pacific State Bank and to Vino Piazza Winery. Each recipient received an. engraved glass plaque honoring their achievements.
Loan Officer Laura Maffei and Ron Ashwanden of Pacific State Bank received
the USDA RURAL DEVELOPMENT-CALIFORNIA RURAL BUSINESS LENDER OF THE YEAR
AWARD FOR 3003, recognizing the bank for its strong commitment to working
with local communities in improving the economy for rural businesses and
families in San Joaquin county.
Don and Karyn Litchfield, from Vino Piazza Winery were also on hand to
receive the USDA RURAL DEVELOPMENT-CALIFORNIA RURAL BUSINESS OF THE YEAR
AWARD FOR 2003 from Venosdel. The Litchfields efficiently used the USDA-RD
loan funds to convert an abandoned gasohol plan in Lockeford into a stylish
boutique winery complex, housing tasting rooms, retail sales space and
aging rooms for a number of regional wineries. The development presents
a colorful Old World Italian Villa appearance, with a wine connoisseur
ambiance and conducive to amenities such as wine tasting events and group
tours.
"We are pleased to honor the Pacific State Bank and the Vino Piazza
as outstanding examples of positive partnerships between a dedicated community
bank, a strong local business and the guaranteed financing of the federal
government," said Venoadel.
Pacific State Bank and Vino Piazza participated in the Business and Industry
(B&I) Guaranteed Loan program through USDA Rural Development which
guarantees up to 80% of the loan made by a commercial lender for qualified
businesses in eligible rural areas. USDA Rural Development California
leads the nation in the B&I program with more than $100 million and
3,200 jobs created in fiscal year 2003.
Further information on USDA Rural Development can be obtained by contacting any USDA Service Center or by visiting USDA's web site at http://www.rurdev.ii3da.qov/ca. |
