Paycheck Protection Program

Ark Restaurants Announces Financial Results for the Second Quarter of 2023

Retrieved on: 
Monday, May 15, 2023
Retail, Restaurant, Bar, Food, Beverage, Student Borrower Protection Center, Village, Vaccination, Paycheck Protection Program, COVID-19, Consumer, Bensusan Restaurant Corp. v. King, Government, EBITDA, Gallagher's Steakhouse, New York-New York Hotel and Casino, Steakhouse, Forgiveness, Tourism, Nightclub

Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the second quarter ended April 1, 2023.

Key Points: 
  • Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the second quarter ended April 1, 2023.
  • Revenues for the period from closure through April 1, 2023 were $714,000 as compared to $2,326,000 for the comparable prior period.
  • The increase was driven primarily by substantial gains in our event business in New York City, NY and Washington, D.C.
  • The property was substantially closed for renovation on February 5, 2023 and reopened on April 28, 2023.

Autoscope Technologies Corporation Announces Financial Results

Retrieved on: 
Thursday, May 11, 2023
Interim, ISNS, Tax, Paycheck Protection Program, Sale, SX 300, Radar, AATC, Investment, OTCQX, Forgiveness, Hand, Cryptocurrency, Music, Pharmaceutical industry, Video game, Security (finance), Bank

MINNEAPOLIS, May 11, 2023 (GLOBE NEWSWIRE) -- Autoscope Technologies Corporation (OTCQX: AATC) today announced results for its quarter and year ended December 31, 2022.

Key Points: 
  • MINNEAPOLIS, May 11, 2023 (GLOBE NEWSWIRE) -- Autoscope Technologies Corporation (OTCQX: AATC) today announced results for its quarter and year ended December 31, 2022.
  • Operating expenses totaled $2.1 million in the fourth quarter of 2022, an increase of 2 percent from the prior year period.
  • The 2022 fourth quarter revenue for Autoscope Technologies Corporation.
  • Product order demand remains solid, but we continue to monitor our supply chain to ensure we have components and labor to support our direct product sales channel,” said Frank Hallowell, Interim CEO of Autoscope Technologies Corporation.

Pinnacle Bancshares Announces Results for First Quarter Ended March 31, 2023

Retrieved on: 
Thursday, May 4, 2023
Banking, Accounting, Professional Services, Finance, Insurance, Paycheck Protection Program, PPP, Bank, OTCBB, FDIC, CECL, Federal funds, Pinnacle Bank Arena, Sale, Cryptocurrency

There were no PPP amortized loan fees recorded during the three months ended March 31, 2023.

Key Points: 
  • There were no PPP amortized loan fees recorded during the three months ended March 31, 2023.
  • For the three months ended March 31, 2023, return on average assets was 1.43%, compared to 1.29% in the comparable 2022 period.
  • The Company’s net interest margin was 3.56% for the three months March 31, 2023, compared to 4.06% for the three months ended March 31, 2022.
  • Dividends of $.27 per share were paid to shareholders during the first quarter of 2023 and $.25 per share during the first quarter 2022.

Equity Bank Announces Hire of Richard M. Sems as President

Retrieved on: 
Wednesday, May 3, 2023
University, Grove City College, Paycheck Protection Program, First Bank, Equity, First, Business administration, Trust, Equity Bank, Growth, Bank, Master of Business Administration, Security (finance), Management

WICHITA, Kan., May 03, 2023 (GLOBE NEWSWIRE) -- Equity Bancshares, Inc (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, announced the hire of Richard M. (“Rick”) Sems as President of Equity Bank (“the Bank”).

Key Points: 
  • WICHITA, Kan., May 03, 2023 (GLOBE NEWSWIRE) -- Equity Bancshares, Inc (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, announced the hire of Richard M. (“Rick”) Sems as President of Equity Bank (“the Bank”).
  • He will be a member of the Equity Bank Board of Directors.
  • “We are pleased to continue adding leadership and talent to our Equity Bank team.
  • Mr. Sems served in a variety of banking leadership roles for other financial institutions prior to joining First Bank.

Statement by SBA Administrator Guzman on Senator Ben Cardin’s Retirement Announcement

Retrieved on: 
Tuesday, May 2, 2023
Small business, Partnership, United States Senate Committee on Small Business and Entrepreneurship, Paycheck Protection Program, Human, Paycheck Protection Program and Health Care Enhancement Act, COVID, Congress, PPP, SBA, United States Senate Committee on Commerce, Science, and Transportation, Entrepreneurship

WASHINGTON, May 02, 2023 (GLOBE NEWSWIRE) -- Today, Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, issued the following statement on the Chairman of the Senate Committee on Small Business and Entrepreneurship, Senator Ben Cardin’s retirement announcement:

Key Points: 
  • WASHINGTON, May 02, 2023 (GLOBE NEWSWIRE) -- Today, Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, issued the following statement on the Chairman of the Senate Committee on Small Business and Entrepreneurship, Senator Ben Cardin’s retirement announcement:
    “I am proud to recognize Senator Ben Cardin’s decades of service in the United States Congress and his record of accomplishments.
  • Senator Cardin embodies what it means to be a public servant and a statesman.
  • Senator Cardin helped author the Paycheck Protection Program (PPP), protecting employees’ disrupted livelihoods.
  • Senator Cardin’s innovative ideas rescued some of the hardest-hit sectors in our economy and kept the doors of American small businesses open.

Partners Bancorp Reports Results of Operations for the First Quarter 2023

Retrieved on: 
Monday, May 1, 2023
Liberty Bell Bank, Lender option borrower option, Federal Home Loan Banks, Insurance, Maintenance, Total, OceanFirst Bank, Small Business Administration, Telephone, COVID-19, Tax, Paycheck Protection Program, FDIC, Sale, PPP, ATM, Disposable household and per capita income, Small business, Depreciation, Growth, Forgiveness, Environment, LINK, Bank, Real estate, Airline, Cryptocurrency, Life insurance, Video game, Delmarva Peninsula, Washington metropolitan area

Interest Income and Expense – Three Months Ended March 31, 2023 and 2022

Key Points: 
  • Interest Income and Expense – Three Months Ended March 31, 2023 and 2022
    Net interest income in the first quarter of 2023 increased by $3.3 million, or 27.4%, when compared to the first quarter of 2022.
  • Other income in the first quarter of 2023 decreased by $39 thousand, or 3.0%, when compared to the first quarter of 2022.
  • Other expenses in the first quarter of 2023 increased by $1.3 million, or 12.0%, when compared to the first quarter of 2022.
  • The following table depicts the net (recovery) charge-off activity for the three months ended March 31, 2023 and 2022:

Pacific Valley Bancorp Announces Its First Quarter 2023 Financial Results

Retrieved on: 
Monday, May 1, 2023
OTC Markets Group, Life, Current Expected Credit Losses, Policy, Paycheck Protection Program, Silicon Valley Bank, AFS, Sale, Federal Home Loan Banks, Star, Silicon, PPP, Federal Reserve, Bauer Financial, CECL, Superior, CFO, Growth, EPS, Bank, Credit, Video game, Cryptocurrency, Financial adviser

SALINAS, Calif., May 1, 2023 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited earnings results for the first quarter 2023.

Key Points: 
  • SALINAS, Calif., May 1, 2023 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited earnings results for the first quarter 2023.
  • Net income for the quarter ended March 31, 2023, was $1.3 million, representing an increase of 12% or $135 thousand over the first quarter ended March 31, 2022.
  • Net Interest Income was $4.5 million for the quarter ended March 31, 2023 compared to $4.8 million for the quarter ended March 31, 2022.
  • Net income for the quarter ended March 31, 2023, was $1.3 million representing an increase of 12% or $135 thousand over the quarter ended March 31, 2022.

Stellar Bancorp, Inc. Reports First Quarter 2023 Results

Retrieved on: 
Friday, April 28, 2023
Stellar, Maintenance, STEL, Bank statement, Paycheck Protection Program, Central Time, Sale, Mergers and acquisitions, PPP, PIN, Acquisition, Work, Webcast, Environment, Video game, Bank, Pension fund, Allegiance

Tax equivalent net interest margin was 4.80% for the first quarter of 2023 as compared to 4.71% in the fourth quarter of 2022.

Key Points: 
  • Tax equivalent net interest margin was 4.80% for the first quarter of 2023 as compared to 4.71% in the fourth quarter of 2022.
  • Book value per share was $27.14 for the first quarter 2023 compared to $26.12 for the fourth quarter 2022.
  • Tangible book value per share increased to $15.24(1) for the first quarter 2023 from $14.02(1) for the fourth quarter 2022.
  • Stellar’s net interest income in the first quarter 2023 increased $213 thousand, or 0.2%, from $115.6 million for the fourth quarter 2022.

First Keystone Announces First Quarter 2023 Earnings (Unaudited)

Retrieved on: 
Friday, April 28, 2023
Banking, Professional Services, Lender option borrower option, OTC Markets Group, Federal Home Loan Banks, FKYS, Dain Rauscher Wessels, Tradition, Bank statement, Disclosure, Paycheck Protection Program, Securities and Exchange Commission (Nigeria), ATM, Corporation, SBA, Community Bank, Growth, Security (finance), Bank, Fraud, Federal funds

First Keystone Corporation (OTC Pink: FKYS, the “Corporation”), parent company of First Keystone Community Bank, reported net income for the three months ended March 31, 2023 of $1,357,000.

Key Points: 
  • First Keystone Corporation (OTC Pink: FKYS, the “Corporation”), parent company of First Keystone Community Bank, reported net income for the three months ended March 31, 2023 of $1,357,000.
  • Net income per share was $0.23 while dividends totaled $0.28 per share for the three months ended March 31, 2023.
  • The Corporation recognized $58,000 and $74,000 of tax credits from low-income housing partnerships in the first quarter of 2023 and 2022, respectively.
  • For more information on First Keystone Community Bank or its parent company, First Keystone Corporation, please contact Elaine A. Woodland at 570-752-3671.

Seattle IRS Pandemic Relief Tax Credits Application Launched by Let Hutch Help

Retrieved on: 
Friday, April 28, 2023
Partnership, ERC, IRS, Jorn Madslien, Omnibus spending bill, Paycheck Protection Program, W-2, PPP, Associate, Consolidated Appropriations Act, 2021, Health insurance

Employers with between 10 and 500 W-2 employees can claim up to $26,000 per employee in IRS rebates using a new fast application service launched by Let Hutch Help and Jorns & Associates.

Key Points: 
  • Englewood, Colorado--(Newsfile Corp. - April 28, 2023) - A new pandemic relief application service, launched by a partnership between Jorns & Associates and Let Hutch Help, is helping Seattle, Washington and American employers to claim pandemic relief funds as an IRS reimbursement for wages paid in 2020 and 2021.
  • Employers can access the eligibility assessment, rebate application service, and funding estimates with no risk.
  • Any business that does not receive a rebate will not be charged at all by Jorns & Associates.
  • Let Hutch Help has included a simple no-risk eligibility test on its website that only asks three yes or no questions, it can be found here: http://go.lethutchhelp.com/ercchatwithus .