First Bank of Central Ohio provides personal and business banking services including checking, savings, certificates of deposit, and lending options. Emphasizes community-focused service with specialized solutions for medical practices, property management, and commercial real estate.
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Based on 1 buyer review
“Great Communication, I had a specific person I worked with and didn't get bounced around. They worked with me like a real person through the Acquisition”
“Their Technology is a bit behind, only recently started working with Plaid, but a number of large Fin Tech provides have no record of them and that makes some things a bit difficult.”
“Small buyer who needs a little more help than usual, or a first acquisition.”
Review attributions are provided by reviewers and are not independently verified by VerSquare.
Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (40 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
First Bank of Central Ohio ranks #122 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of First Bank of Central Ohio’s 7(a) acquisition lending falls in the $500K-$1M range: 13 loans, 32.5% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 8 | 20.0% | |
| $500K-$1M | 13 | 32.5% | |
| $1M-$2M | 10 | 25.0% | |
| $2M-$3M | 1 | 2.5% | |
| $3M-$4M | 5 | 12.5% | |
| $4M-$5M | 3 | 7.5% |
Industries with highest loan volume
Insurance Agencies and Brokerages
3
loans
$1.1M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
3
loans
$2.3M
avg. amount
Couriers and Express Delivery Services
3
loans
$1.0M
avg. amount
Remediation Services
2
loans
$944K
avg. amount
Offices of Dentists
2
loans
$719K
avg. amount
New Single-Family Housing Construction (except For-Sale Builders)
2
loans
$732K
avg. amount
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
1
loans
$4.8M
avg. amount
Painting and Wall Covering Contractors
1
loans
$791K
avg. amount
Fitness and Recreational Sports Centers
1
loans
$965K
avg. amount
Other Services Related to Advertising
1
loans
$1.8M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
First Bank of Central Ohio’s median variable rate is + 2.75%, against a market median of Prime + 1.88%, 88 above market.
It priced below the market median in 0 of the last 7 quarters.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.69% |
| $500K-$1M | Prime + 2.56% |
| $1M-$2M | Prime + 2.52% |
| $2M-$3M | Prime + 1.75% |
| $3M-$4M | Prime + 2.50% |
| $4M-$5M | Prime + 2.25% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q4 '23 | Prime + 2.75% | Prime + 2.00% | Prime + 1.42% – Prime + 2.50% | 3 |
| Q2 '24 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q3 '24 | Prime + 2.25% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 5 |
| Q4 '24 | Prime + 2.50% | Prime + 2.25% | Prime + 1.50% – Prime + 2.75% | 5 |
| Q1 '25 | Prime + 2.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q2 '25 | Prime + 2.38% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
| Q3 '25 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 5 |
First Bank of Central Ohio has originated 7(a) acquisition loans in 18 states, most actively in California (9), Colorado (4) and Indiana (4). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| California | 9 | 22.5% |
| Colorado | 4 | 10.0% |
| Indiana | 4 | 10.0% |
| North Carolina | 3 | 7.5% |
| Florida | 3 | 7.5% |
| New York | 2 | 5.0% |
| Oregon | 2 | 5.0% |
| Massachusetts | 2 | 5.0% |
| Virginia | 2 | 5.0% |
| Utah | 1 | 2.5% |
| Wisconsin | 1 | 2.5% |
| Ohio | 1 | 2.5% |
| Alabama | 1 | 2.5% |
| Michigan | 1 | 2.5% |
| New Jersey | 1 | 2.5% |
| South Carolina | 1 | 2.5% |
| Arizona | 1 | 2.5% |
| Illinois | 1 | 2.5% |
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