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ICBSD Blog
Our blog features the latest news, updates, and insights from the community banking industry.
[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of the Currency (OCC) is issuing this bulletin to clarify its statement in OCC Bulletin 2020-44, which is hereby rescinded.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 […]
[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 […]
[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 […]
[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 […]
[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 […]
[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 […]
[vc_row][vc_column][vc_custom_heading text=”Conference Call Etiquette” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Conference calls can be awkward. Background noise. Dead air. Multiple people talking at once. Something about not seeing the people you’re talking to (and their nonverbal cues, like facial expressions and hand movements) makes it harder to communicate. But, it doesn’t have to be that way. Here are some conference call […]
[vc_row][vc_column][vc_custom_heading text=\”Fed changes director, shareholder rules for PPP loans\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]April 20, 2020 The Federal Reserve Board announced a temporary rule change to support access to the SBA Paycheck Protection Program for certain bank directors and shareholders. The SBA recently clarified that lenders may make PPP loans to businesses owned by their directors and shareholders that own less […]
[vc_row][vc_column][vc_custom_heading text=\”The Treasury Department and Small Business Administration Answer Key Questions About the Paycheck Protection Program.\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text] This just in from Rebeca Romero Rainy, ICBA President & CEO: Dear Community Banker: The Treasury Department and Small Business Administration just answered key ICBA questions about the Paycheck Protection Program relating to bank directors, partnerships, self-employed borrowers, […]
[vc_row][vc_column width=\”5/6\”][vc_custom_heading text=\”SBA Expects the Amount of Processed PPP Loan Volume to Reach the Maximum\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text] In the near future, SBA expects the amount of processed PPP loan volume to reach the maximum amount authorized and appropriated by Congress. Once the authorization limit is reached, SBA will not be able to accept any new loan applications for the […]