member of FHLBank Pittsburgh , secured the BOB funding and provided additional financing to support the businesses ’ operations .
“ We are pleased to join our members Clear Mountain Bank , ICBA and CBWV in recognizing the importance of small businesses in West Virginia ,” says Winthrop Watson , president and CEO of FHLBank Pittsburgh . “ We are committed to working with our communityfocused member financial institutions and local leaders to support organization expansion and job growth , like that of EMS . Community banks serve a key role in the community and local economy , and we couldn ’ t be more thrilled to see the support that Clear Mountain Bank has been able to provide EMS . Communities thrive when local businesses thrive .”
According to David Thomas , president and CEO of Clear Mountain Bank , the bank is committed to serving the needs of small businesses in its local communities , which is highlighted by its relationship with EMS .
“ Through our long-standing partnership with FHLBank Pittsburgh , we are proud to have played a vital role in helping EMS to grow its business and expand its workforce , which will provide tremendous benefits to the local community and the state of West Virginia for years to come ,” he says .
EMS used FHLBank Pittsburgh ’ s BOB program through Clear Mountain Bank to help with its expansion plans . The new business will process individual parts from aircraft engines and recertify them under an FAA / original equipment manufacturer standard . The BOB loan , which was funded in June 2021 , helped to support the total project cost of nearly $ 1 million . Since its inception in 2000 , FHLBank ’ s BOB program has provided $ 7.29 million in financing to 87 businesses in West Virginia . These funds helped create and retain nearly 700 jobs in the state .
Laurel College of Technology Cuts Ribbon for New Campus in Morgantown
Laurel College of Technology ’ s ( LCOT ) new campus recently held a ribbon cutting ceremony to unveil its
newly renovated facility located at 200 Wedgewood Drive in Morgantown , WV , and announce programs coming to the school for the fall semester .
Laurel College of Technology ribbon cutting .
LCOT , formerly Laurel Business Institute ( LBI ), is now housed in the old Mon Health Wedgewood Primary Care facility . The school was officially relocated in February 2021 . The new location , which underwent significant renovations , gives students and instructors additional space and updated facilities . It allows for growth and program expansion to help Laurel offer new and exciting programs to the area .
“ Laurel is excited to be partnering with Mon Health to furnish students with financial and educational resources ,”
UniCare Health Plan of West Virginia , Inc . serves more than 195,000 Medicaid and CHIP beneficiaries living in West Virginia .
For more information about UniCare , visit unicare . com / wv .
200 Association Drive Suite 200 Charleston , WV 25311 1-800-782-0095
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