ICBSD Blog

Treasury and SBA Issued Clarifying Information to the Interim Final Rule

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[vc_row][vc_column][vc_custom_heading text=\”Treasury and SBA Issued Clarifying Information to the Interim Final Rule\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]On April 14, the Treasury and SBA issued clarifying information to the interim final rule. Page 14, of the rule Clarification regarding Eligible Businesses answers the questions: Are eligible businesses owned by directors or shareholders of a PPP Lender permitted to apply for a […]

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ICBSD in Action: A Letter to the Treasury and Small Business Administration

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[vc_row][vc_column width=\”5/6\”][vc_custom_heading text=\”PPP Sign on Letter\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]The ICBSD, alongside ICBA and 28 other state banking associations, sent the attached letter to Steven Mnuchin, Secretary of the U.S. Department of the Treasury and Jovita Carranza Administrator of the Small Business Administration this past week. The letter urges Secretary Mnuchin and Administrator Carranza for urgent, clear and

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Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility

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[vc_row][vc_column][vc_custom_heading text=\”Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program Facility\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column width=\”5/6\”][vc_column_text]The federal bank regulatory agencies today announced an interim final rule to encourage lending to small businesses through the Small Business Administration\’s Paycheck Protection Program, or PPP.  The PPP was established by the Coronavirus Aid, Relief, and Economic Security Act, or

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Changes to the Regulatory Capital Rule to Accommodate the Paycheck Protection Program

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[vc_row][vc_column][vc_custom_heading text=\”Changes to the Regulatory Capital Rule to Accommodate the Paycheck Protection Program\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Summary: The Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System (Federal Reserve), and Office of the Comptroller of the Currency (together, the agencies) issued an interim final rule on April 7, 2020, that allows banking organizations to

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Opportunities for selling Held-to-Maturity securities

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[vc_row][vc_column width=\”5/6\”][vc_custom_heading text=\”Opportunities for selling Held-to-Maturity securities\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text] ICBSD Preferred Partner, ICBA Securities and Vining Sparks, has published a Strategic Insight regarding banks’ ability to sell certain of its bonds. The report suggests that conditions may have been met for banks to sell HTM securities without tainting the remainder of the portfolio. It also says

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Considerations for a PPP Note

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[vc_row][vc_column][vc_custom_heading text=\”Considerations for a PPP Note \” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column width=\”5/6\”][vc_column_text]You should always consult with your bank attorney when preparing loan documents. We have put together some information for your consideration when utilizing your own note forms.  We are also advised that forms vendors have either prepared a note or are in the process of preparing notes

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Paycheck Protection Program Loans: FAQ\’s

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[vc_row][vc_column][vc_cta h2=\”Paycheck Protection Program \” h2_google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\” h4=\”Frequently Asked Questions \” color=\”green\” add_button=\”bottom\” btn_title=\”View FAQs\” use_custom_fonts_h2=\”true\” btn_link=\”url:https%3A%2F%2Fhome.treasury.gov%2Fsystem%2Ffiles%2F136%2FPaycheck-Protection-Program-Frequenty-Asked-Questions.pdf||target:%20_blank|\”]The U.S. Treasury has released a FAQ document regarding the Paycheck Protection Program to provide you with additional guidance.[/vc_cta][/vc_column][/vc_row]

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Paycheck Protection Program Loans: FAQ\’s

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[vc_row][vc_column][vc_cta h2=\”Paycheck Protection Program \” h2_google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\” h4=\”Frequently Asked Questions \” color=\”green\” add_button=\”bottom\” btn_title=\”View FAQs\” use_custom_fonts_h2=\”true\” btn_link=\”url:https%3A%2F%2Fhome.treasury.gov%2Fsystem%2Ffiles%2F136%2FPaycheck-Protection-Program-Frequenty-Asked-Questions.pdf||target:%20_blank|\”]The U.S. Treasury has released a FAQ document regarding the Paycheck Protection Program to provide you with additional guidance.[/vc_cta][/vc_column][/vc_row]

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Paycheck Protection Program Loans: FAQ’s

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[vc_row][vc_column][vc_cta h2=”Paycheck Protection Program ” h2_google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal” h4=”Frequently Asked Questions ” color=”green” add_button=”bottom” btn_title=”View FAQs” use_custom_fonts_h2=”true” btn_link=”url:https%3A%2F%2Fhome.treasury.gov%2Fsystem%2Ffiles%2F136%2FPaycheck-Protection-Program-Frequenty-Asked-Questions.pdf||target:%20_blank|”]The U.S. Treasury has released a FAQ document regarding the Paycheck Protection Program to provide you with additional guidance.[/vc_cta][/vc_column][/vc_row]

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Agencies Announce Changes to the Community Bank Leverage Ratio

ICBSD Blog, Press Releases / By

[vc_row][vc_column][vc_custom_heading text=\”Agencies Announce Changes to the Community Bank Leverage Ratio\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] News Release – April 06, 2020 Agencies Announce Changes to the Community Bank Leverage Ratio The federal bank regulatory agencies today announced the issuance of two interim final rules to provide temporary relief to community banking organizations. The agencies are acting to implement Section

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