1Community Banking - Banking Exchange

Community Banking

PPP Expansion Closer as Senate Agrees $320bn Funding

House of Representatives will vote on the bill this week after extensive lobbying by banks and financial institutions

PPP: $300bn Extension Proposed as Banks Increase Calls for Action

The Paycheck Protection Program ran out of funds last week after approving more than 1.6 million applications

Cannabis in the Time of COVID: a Small Business Banking Emergency

One sector that supports more than 211,000 full-time jobs has been excluded from COVID-19 federal aid: cannabis

Putting Customers First Through Times of Crisis and Beyond

Building a Financial Brand for Customer Retention

First National Bank of Omaha Study: How the Pandemic Has Hit Bank Customers

First National Bank of Omaha study reveals financial impact of the COVID-19 coronavirus pandemic

Firms ‘Shut Out’ of Canada Pandemic Support

Some of Canada’s smallest companies do not qualify for the country’s PPP equivalent pandemic support

Fed Relaxes Wells Fargo Restrictions to Boost PPP

Bank granted ‘temporary and narrow’ relief from 2018 balance sheet restrictions to aid small business loan program

Fifth Third to Hire 1,000 Staff to Help COVID-19 Response

Banks are continuing to explore ways of supporting local communities, customers, and medical staff during the pandemic

Midsize Banks Lead Way on Small Business Loans, Big Banks Follow

While regional banks were embracing small business loans, the U.S. government sparred with the top four regarding the program as larger banks did not show enthusiasm

US Bank Philanthropy Raises $586M to Fight Pandemic

Wells Fargo donated $185 million, Bank of America pledged $110 million, and more than 30 others have committed to supporting communities affected by the pandemic