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ICBSD Blog

Our blog features the latest news, updates, and insights from the community banking industry.

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A Guide for Pandemic Response – Return to the New Normal

May 12, 2020

[vc_row][vc_column width=\”2/3\”][vc_custom_heading text=\”A Guide for Pandemic Response – Return to the New Normal\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]The Independent Community Bankers of America has compiled a guide which provides suggestions to help community banks when resuming more normal operations and person-to-person services. Every community bank will have its own circumstances driven by local pandemic conditions, state guidance, business requirements, […]

States with more community banks fared better under PPP: study

May 4, 2020

[vc_row][vc_column][vc_custom_heading text=\”Nearly three times as many PPP loans were issued in the 10 states with most community banks per capita\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]States with a bigger percentage of community banks had a significantly larger number of Paycheck Protection Program loans reach small businesses, according to a study covered by Fox Business. Nearly three times as many PPP loans […]

Community banks make more than half of PPP 2.0 loans: SBA

May 4, 2020

[vc_row][vc_column][vc_custom_heading text=\”Community banks make more than half of PPP 2.0 loans: SBA\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]The SBA said lenders have made 2.2 million loans worth more than $175 billion during the second round of the Paycheck Protection Program, for an average loan size of roughly $79,000. Loans of $50,000 and under made up nearly 71 percent of all […]

When Your Lobby Reopens: What You Need to Know

May 1, 2020

[vc_row][vc_column][vc_custom_heading text=\”CRITICAL INFRASTRUCTURE OPERATIONS CENTERS AND CONTROL ROOMS – A GUIDE FOR PANDEMIC RESPONSE\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]Joel Williquette, SVP, Operational Risk Policy at ICBA joined our Covid-19 War Room Call on May 1st. Joel spoke on the topic \”When your bank lobby reopens\” and shared a wealth of information and resources to consider as you prepare to […]

Credit Administration : Documentation of SBA Paycheck Protection Program Loans – UPDATE

April 29, 2020

[vc_row][vc_column][vc_custom_heading text=\”Credit Administration : Documentation of SBA Paycheck Protection Program Loans – UPDATE\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text] The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to clarify its statement in OCC Bulletin 2020-44, which is hereby rescinded. Loans made by banks1 under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) are an important […]

Paycheck Protection Program (PPP) Lending Operations Update – Wednesday, April 29, 2020

April 29, 2020

[vc_row][vc_column][vc_custom_heading text=\”Paycheck Protection Program (PPP) Lending Operations Update – Wednesday, April 29, 2020\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text] SBA and Treasury value all lenders and their small business customers. To ensure access to the PPP loan program for the smallest lenders and their small business customers, starting at 4 p.m. today EDT through 11:59 p.m. EDT, SBA systems will […]

Community bank loans getting through: SBA

April 29, 2020

[vc_row][vc_column][vc_custom_heading text=\”Community bank loans getting through: SBA\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text] Community banks under $10 billion in assets neared the $30 billion in Paycheck Protection Program funds set aside for them by the law restarting the program, according to reports of Small Business Administration data. The SBA reportedly said that as of 1 p.m. (Eastern time) Tuesday, these […]

April 28, 2020

[vc_row][vc_column][vc_custom_heading text=”PPP Lending Operations Update – Tuesday, April 28, 2020″ google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][vc_column_text] SBA and Treasury value all lenders and their small business customers. For the benefit of small business customers and their employees, SBA and Treasury are working on ways to optimize the loan processing system. Starting today, Robotic Processing Automation (RPA), which are robotic systems […]

April 24, 2020

[vc_row][vc_column][vc_custom_heading text=”ICBSD’s Josh Hogue and Megan Olson: Now is the Time to Switch to a Community Bank, PPP Assistance & More” font_container=”tag:h3|text_align:center” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][vc_column_text]The second round of stimulus money is set to be signed into law today by President Trump.  Josh Hogue, ICBSD Board Member and President at Reliabank, and ICBSD President and CEO Megan Olson […]

April 22, 2020

[vc_row][vc_column][vc_custom_heading text=”ICBSD, ICBA and Fellow Associations Secure Carve Out For Independent Banks in Paycheck Protection Program” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][vc_column_text]FOR IMMEDIATE RELEASE Additional Funds Dedicated for Community Banks in Round Two of PPP WATERTOWN, S.D. (April 23, 2020) – The Independent Community Bankers of South Dakota (ICBSD), alongside the Independent Community Bankers of America (ICBA), announced today their […]