H. Richard Sturm
H. Richard Sturm, President of Columbia-based Ameris Bank, has joined the Board of Directors of Business Development Corporation (BDC).
Sturm has been president of Ameris Bank since 2006. Prior to that, the University of South Carolina graduate was Regional Executive for SCBT in Hilton Head, Director of Commercial Lending for Carolina First in Greenville and a commercial lender for C&S/Bank of America in Columbia, all in a career that began in 1988.
BDC is a non-bank commercial lending company specializing in the U.S. Small Business Administration's 7(a) loan guaranty program and the State Small Business Credit Initiative (SSBCI). Created by the South Carolina Legislature in 1958 to help foster economic development and job creation, the BDC's board includes many of the state's leading community and commercial bankers, as two-thirds of its board is elected by its 40 member banks.
"Ameris Bank is a member bank of the BDC, and we have locations in nine South Carolina cities from Greenville to Beaufort, so I have long been familiar with the important role the corporation fills in facilitating specialized lending for small businesses and professional people across South Carolina. I'm pleased to now have a role in helping guide the BDC going forward," Sturm said.
"Each of our 21 board members brings unique perspective and experiences, working with a wide variety of businesses, partnerships and corporations large and small. Mr. Sturm will be no exception and we're privileged to have him aboard," said Edwin O. Lesley, President and CEO of BDC.
For more than 50 years, Business Development Corporation (BDC) has been financing small businesses in South Carolina, ultimately creating new jobs for the citizens of the Palmetto State. Since 1958, BDC and its associate company, Certified Development Corporation (CDC), have approved over 1,800 loans totaling more than $670 million, making them leaders in SBA lending in South Carolina.