Celtic Bank announced Scott Petty has been promoted to Vice President of Business Development in the Asset-Based Lending Group at Celtic Bank.  Petty will be focused on business development of the bank's asset-based lending and factoring programs.  Petty will report to Daniel Godfrey, Senior Vice President of Asset-Based Lending at Celtic Bank.

Petty began his career at Celtic Bank in 2009 as a Relationship and Operations Manager in the bank's Asset-Based Lending division and more recently served as the Credit and Operations Manager and Lead Underwriter.  In his new position, Petty will focus on business development in Utah and the surrounding states.  "We are excited for Scott to take on this new role," said Godfrey.  "Celtic Bank continues to experience rapid growth as small businesses seek flexible and affordable working capital financing solutions."

Petty holds a Bachelor's degree in Marketing and a MBA from Weber State University.  Prior to joining Celtic Bank, Petty worked in business-to-business sales in the finance and telecom industries and provided business intelligence analytics for several Fortune 500 companies.

Headquartered in Salt Lake City, Utah, Celtic Bank was named the sixth largest SBA lender for FY 2013.  Celtic Bank is a nationwide lender and leading provider of USDA loans, SBA 7(a) and 504 loans, Celtic Express loans, asset-based and factoring loans, and residential/commercial real estate and construction loans.