First quarter income flat but MB&T loans, deposits grow
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Garufis: Bankers busy with second round of PPP
By Janet Garufis It’s after 8 p.m. on April 27, the day the second tranche of PPP funding was made available by the Small Business Administration, and I’ve just completed our PPP update call with the dedicated group of Montecito Bank & Trust professionals who are responsible for making PPP a reality for hundreds of Read More →
PPP problems persist as tri-county banks try to make more loans
The Payroll Protection Program’s second round of funding started on April 27, but some of the issues from the first round are vexing Central Coast bankers and borrowers. Among technical problems, the Small Business Administration’s website has crashed, limiting the number of applications banks can process at one time. Additionally, financial regulations meant to guard Read More →
American Riviera Bank reports first quarter results
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Banks ramp up loans to tri-county small businesses
It’s not too late for tri-county small businesses to get financial aid from the government to help offset COVID-19 losses. President Donald Trump signed a $484 billion relief package bill April 24 containing the awaited second wave of Payroll Protection Program funding. The program originally had $349 billion for small businesses but ran out of Read More →
Community West Bank earnings up slightly
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Garufis: Bankers want to fund small business loans
By Janet Garufis Last week, Henry Dubroff stepped out of his usual pundit role to share his impression of the Paycheck Protection Program rollout. I echo his sentiments and agree that it has been “a nightmare for many small business owners.” It has also been a challenging experience for many of your local bankers. I Read More →
