Celtic Investment, Inc. · Salt Lake City, UT United States
Company Description
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This link will open in a new window Celtic Investment is the holding company for Celtic Bank, an industrial loan corporation that primarily serves small businesses. Its offerings include deposit products, commercial loans (including Small Business Administration loans), construction and real estate financing, equipment leasing and financing, mortgages, credit and debit cards, and online banking. The bank has a single branch in Salt Lake City, but provides asset-based working capital loans to companies throughout the US. Celtic Investment went private via a reverse stock split in 2006. To read the full description, subscribe now.
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Key Celtic Investment, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | June |
| Annual Sales (mil.) | $13.4 |
| Employees | 45 |
Celtic Investment, Inc. Executives
6 executives listed for Celtic Investment, Inc.'s Salt Lake City, UT location.
| Title | Name & Bio | Contact |
| CEO and Director; CEO, Celtic Bank | Robert Gregory | Network |
| President, Secretary, and Director | Reese Howell | Network |
| CFO, Celtic Bank | Wade Newman | Network |
Competition
Competitive Landscape for Celtic Investment, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Celtic Investment, Inc. Competitors
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