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Photo Release -- Bank of Georgetown Hires Government Contract Lending Veteran for Expanding Team

WASHINGTON, Aug. 26, 2015 (GLOBE NEWSWIRE) -- Bank of Georgetown, a leading community bank providing commercial banking solutions to Greater Washington businesses, has hired Ronald Hobson as senior vice president, government contract lending division. Hobson is a veteran of the banking industry with over 30 years of government contract lending experience.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f2b5f45a-b819-4ec2-a189-f158b1d08c57

“Ron’s extensive knowledge of the government contractor market and strong relationships within the region enable us to further extend our government contracting capabilities,” said Mike Fitzgerald, chairman, president and CEO of Bank of Georgetown. “Ron will be an outstanding asset as we continue to provide Greater Washington with personalized commercial banking services.”

Hobson served in the Clinton administration as the associate deputy administrator for government contracting and minority enterprise development at the U.S. Small Business Administration, where he oversaw the nation’s SBA 8(a) program. During that time and since then, he has promoted and advocated the growth and development of small business entrepreneurs, especially women and minorities, doing business with the federal government. Hobson also served at the Pentagon as a non-commissioned officer in U.S. Army Intelligence.

“Ron’s understanding of the local market will have an immediate impact on our organization and clients,” said Jeff Satterly, Bank of Georgetown senior vice president, government contract lending manager. “We were colleagues at a previous bank, and I was always impressed by his ability to enhance the value of banking relationships through his vision and expertise.”

“Bank of Georgetown’s presence in the government contracting sphere is expanding, and I am thrilled to be part of a team that has a willingness to lend and is dedicated to providing exceptional knowledge, value and service,” Hobson remarked. “I look forward to helping our clients achieve long-term growth and success.”

Since 2005, Hobson has served as a board member of the Northern Virginia Urban League and is currently serving as its chairman. He is also the treasurer of Be a King Lyfe Foundation, an Atlanta, Ga. organization created by Bernice King, youngest daughter of Dr. Martin L. King, Jr., that is dedicated to empowering the lives of young people by applying the nonviolence philosophy 365 days a year. Previously, Hobson served as an advisory board member of the following organizations: National Women’s Business Council, The Martin L. King Center for Nonviolent Social Change, The Michael Milken Institute and Fairfax County School Minority Student Achievement Oversight Committee.

Hobson graduated from Howard University with a bachelor of business administration in finance.

About Bank of Georgetown

Bank of Georgetown is a community bank that specializes in helping clients achieve long-term success. It combines personalized loan, deposit and treasury solutions with a commitment to accessibility, flexibility and service. Founded in 2005 by Chairman, President and CEO Mike Fitzgerald and the late Curtin Winsor III, the Bank has over $1 billion in assets and 11 branches throughout Greater Washington.


Contact: Bridget Monahan Bank of Georgetown 202-355-1200 bmonahan@bankofgeorgetown.com

Source:Bank of Georgetown