Proficio Bank, a Utah state-charted commercial bank, is located in Cottonwood Heights, Utah and regulated by the Utah Department of Financial Institutions and the FDIC. Proficio Bank began operations in early 2007. Proficio Bank is the wholly-owned subsidiary of NHB Holdings and the parent company of Proficio Mortgage Ventures, LLC (“PMV”), a Delaware limited liability company that is headquartered in Orlando, Florida. Proficio Bank has two core business lines: commercial lending conducted through the Bank and mortgage lending conducted through PMV. Proficio Bank is a business bank and specialty lender. Proficio Bank has a niche strategy of serving the financial needs of the corporate relocation industry and “in-market lending” to small‑ and middle-market borrowers in the Salt Lake City metropolitan areas.