Economic history of Italy

Banks Stand Ready to Deliver Small Business Relief

Thursday, April 9, 2020 - 12:00am

TORONTO, April 8, 2020 /CNW/ -Banks are dedicated to helping Canadians during the significant economic challenges brought on by COVID-19 and are pleased to deliver fast access to the Canada Emergency Business Account (CEBA) program for small businesses.

Key Points: 
  • TORONTO, April 8, 2020 /CNW/ -Banks are dedicated to helping Canadians during the significant economic challenges brought on by COVID-19 and are pleased to deliver fast access to the Canada Emergency Business Account (CEBA) program for small businesses.
  • Starting tomorrow, Canada's banks will begin enrolment for their own business clients and funds will begin to flow shortly thereafter.
  • Customers are encouraged to visit their own bank's website for information about the online process to apply for and receive CEBA funding and other relief.
  • "Banks have personal relationships with their small business customers and are working closely with the federal government to ensure clients have the support they need right now."

Q2 Partners with Financial Institutions to Accelerate Financial Support from Small Business Administration Paycheck Protection Program to those Affected by Coronavirus

Wednesday, April 8, 2020 - 8:47pm

The Payroll Protection Program (PPP) authorizes financial institutions to provide up to $349 billion in funds to U.S. small businesses and merchants negatively impacted by the Coronavirus (COVID-19).

Key Points: 
  • The Payroll Protection Program (PPP) authorizes financial institutions to provide up to $349 billion in funds to U.S. small businesses and merchants negatively impacted by the Coronavirus (COVID-19).
  • The loans will be forgiven if used to pay for payroll costs and other authorized expenses making the aid package a massive opportunity for financial institutions and small businesses alike.
  • Q2 is committed to our financial institution partners and the small businesses they bank.
  • Our digital banking solutions for deposits, money movement, lending, leasing, security and fraud enable financial institutions to deliver a better financial experience to their account holders.

CrossFirst Announces Strong Volumes of Applications Under the Small Business Administration (SBA) Paycheck Protection Program (PPP)

Wednesday, April 8, 2020 - 12:42am

We are committed to helping our local businesses and the communities that we serve during these extremely challenging times.

Key Points: 
  • We are committed to helping our local businesses and the communities that we serve during these extremely challenging times.
  • We have built a great process that allows us to handle these applications in a short amount of time.
  • As of the close of business Tuesday, April 7th, we have received over 750 requests totaling more than $300 million of potential loans.
  • CrossFirst Bank has seven full-service banking offices primarily along the I-35 corridor in Kansas, Missouri, Oklahoma and Texas.

Golden Valley Bank Reports Strong Earnings

Monday, April 6, 2020 - 8:49pm

Golden Valley Bank (OTC Markets: GVYB ), headquartered in Chico, California today reported first quarter 2020 financial results.

Key Points: 
  • Golden Valley Bank (OTC Markets: GVYB ), headquartered in Chico, California today reported first quarter 2020 financial results.
  • As an essential business during the COVID-19 stay at home order, our doors have remained opened to service our customers' financial needs.
  • Golden Valley continues to be a well-capitalized bank and far exceeds minimum regulatory requirements.
  • Golden Valley Bank is a locally owned and operated commercial bank serving the needs of individuals and businesses in northern California.

Southwest Virginia Banks Unite in Community Support

Monday, April 6, 2020 - 12:30pm

Community banks in Southwest Virginia have such a plan in place, and have already implemented many changes to accommodate the COVID-19 pandemic.

Key Points: 
  • Community banks in Southwest Virginia have such a plan in place, and have already implemented many changes to accommodate the COVID-19 pandemic.
  • The financial system is strong, and the business of banking continues in Southwest Virginia communities as well as communities across the state.
  • Southwest Virginia Banks Unitedis an informal association of banks that came together to voice strong financial support for the communities we serve across this great region in this time of crisis.
  • As we move forward in these trying times, rest assured that your community banks in Southwest Virginia are united in a common purpose.

TF Bank Makes Additional Provisioning for Loan Losses of SEK 30m in the First Quarter and Abandons the EPS Financial Target for 2020

Sunday, April 5, 2020 - 5:24pm

The financial target of a profit of at least SEK 14.50 per share in 2020 is also abandoned in connection with today's announcement.

Key Points: 
  • The financial target of a profit of at least SEK 14.50 per share in 2020 is also abandoned in connection with today's announcement.
  • In October 2018, the Board of Directors of TF Bank established new financial targets for the three-year period leading up to 2020.
  • The additional loan loss provision of SEK 30 million communicated today means that the financial target for earnings per share is abandoned.
  • The Board of Directors of TF Bank intends to establish new financial targets once the macroeconomic outlook has stabilised.

Trepp Bank Portfolio Loan Benchmark Report: Construction Delinquencies Increase for Second Consecutive Quarter

Saturday, April 4, 2020 - 12:30am

The fourth quarter 2019 results show that delinquencies on construction loans have increased for the second consecutive quarter and are now tied for the highest level seen since the recession.

Key Points: 
  • The fourth quarter 2019 results show that delinquencies on construction loans have increased for the second consecutive quarter and are now tied for the highest level seen since the recession.
  • The Trepp bank loan performance benchmark report is derived from the Trepp Anonymized Loan Level Repository (T-ALLR) and provides risk rating, delinquency rates, and other performance metrics on a portfolio of more than 34.5K bank loans that have a current outstanding balance of $172B.
  • The full T-ALLR CRE portfolio (active and matured loans) contains more than 91K bank loans with a total outstanding balance of $485B.
  • The report, which is generated from Trepp's managed bank loan data consortium, captures portfolio CRE and commercial and industrial (C&I) loan data from participating commercial banks.

Business Community and Financial Institutions Advise Patience as the Paycheck Protection Program Launches

Friday, April 3, 2020 - 9:18pm

Financial Institutions received the guidance from Treasury less than 24-hours ago and have been working to establish channels for their customers.

Key Points: 
  • Financial Institutions received the guidance from Treasury less than 24-hours ago and have been working to establish channels for their customers.
  • Michigan's financial institutions entered this pandemic from a position of strength and are well-equipped to help their communities.
  • "The Paycheck Protection Program is designed to help business owners retain their most important asset their employees through these troubled times.
  • The Community Bankers of Michigan is a 250-member trade association serving community banks, and their financial services partners, throughout Michigan.

Aquesta Bank Funds First Payroll Protection Program Loan with Local Client

Friday, April 3, 2020 - 9:32pm

CORNELIUS, N.C., April 03, 2020 (GLOBE NEWSWIRE) -- Aquesta Bank is pleased to announce the funding of its first loan through the Payroll Protection Program (PPP).

Key Points: 
  • CORNELIUS, N.C., April 03, 2020 (GLOBE NEWSWIRE) -- Aquesta Bank is pleased to announce the funding of its first loan through the Payroll Protection Program (PPP).
  • The loan was made to a local customer, Homewatch CareGivers who employees 150 people in the town of Cornelius, home to the headquarters of Aquesta Bank.
  • Aquesta Bank was able to accept my application, process the loan and have the money in my bank in one day!!
  • Aquesta Bank was formed in 2006 in response to a need for a strong community bank.

SEACOAST BANKING CORPORATION OF FLORIDA TO ANNOUNCE FIRST QUARTER EARNINGS RESULTS APRIL 28, 2020

Friday, April 3, 2020 - 9:02pm

STUART, Fla., April 03, 2020 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ: SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release first quarter results April 28th, after the market closes.

Key Points: 
  • STUART, Fla., April 03, 2020 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ: SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release first quarter results April 28th, after the market closes.
  • Upon release, investors may access a copy of Seacoasts earnings results at the companys website www.SeacoastBanking.com on the home page under Press Releases.
  • Seacoast will host a conference call April 29th at 10:00 a.m. Eastern Time, to discuss the earnings results and business trends.
  • About Seacoast Banking Corporation of Florida (NASDAQ: SBCF)
    Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $7.1 billion in assets and $5.6 billion in deposits as of December 31, 2019.