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SBA Appoints New Senior Area Manager in St. Thomas

Release Date: 
Friday, December 9, 2016
Release Number: 
Angelique Adjutant (787) 766-5570

ST. THOMAS, USVI – The U.S. Small Business Administration (SBA) has appointed Hipólito “C.J.” Castro as its new Senior Area Manager in St. Thomas, SBA Puerto Rico and Virgin Islands District Director Yvette T. Collazo has announced.

As Senior Area Manager, Castro is responsible for delivering SBA programs and services in the areas of capital access, counseling and technical assistance, and federal contracting throughout the islands of St. Thomas and St. John.

“We couldn’t be happier that SBA once again has a physical presence in St. Thomas after more than 20 years, by hiring a Senior Area Manager,” said SBA District Director Yvette T. Collazo.  “Hipólito brings over three decades of commercial banking experience and is an accomplished financial management services professional with results-based performance.”

Castro arrived at the SBA in 2015, occupying various positions at the Kentucky and California Loan Guaranty Processing Centers. Previously, he served at the Federal Deposit Insurance Corporation as resolution and receivership specialist, facilitating the sale and transition of numerous portfolios of financial institutions and their real estate assets.

Before joining the federal government, Castro worked in the commercial banking industry, where he held such positions as Senior Credit Policy Officer, Senior Vice President of Commercial Lending and Business Banking divisions. 

Castro can be reached at 340-244-4942 or at

For more information on SBA programs and services, please visit