The Bank of Fincastle Announces First Quarter Earnings for 2021
At quarter-end, the bank had $25,211,393 in first and second round PPP loans on its books, all which are anticipated to be fully forgiven in 2021.
- At quarter-end, the bank had $25,211,393 in first and second round PPP loans on its books, all which are anticipated to be fully forgiven in 2021.
- In January, the bank began receiving applications for the Second Draw PPP.
- Since then, we have processed 166 Second Draw PPP loan applications totaling more than $7,761,800.
- These risks and uncertainties include without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, and changes in interest rates.\n'