The U.S. Small Business Administration has named Medway Co-operative Bank “Lender of the Quarter.”

SBA recognized Medway Cooperative Bank for this award because of strong SBA 7(a) loan activity for the second quarter of 2008. The bank has approved 10 loans during the second quarter, more than double the amount approved during the same period last year.

Medway Co-operative Bank has assets of $156 million and was founded in 1915.