Main Street Matters Blog

In the face of a global pandemic, it’s easy to be drawn into a doom-and-gloom mindset that focuses only on the negative. At ICBA, we know that out of the darkness light emerges, with community banks like you serving as bright spots.

The Treasury Department and Small Business Administration just answered key questions ICBA has been asking about the Paycheck Protection Program. Here's a summary of the updates.

The SBA launched a long-awaited portal while ICBA Chairman Noah Wilcox and ICBA Vice Chairman Brad Bolton participated in a virtual White House meeting with President Donald Trump, Treasury Secretary Steven Mnuchin, and SBA Administrator Jovita Carranza to discuss the status of the PPP.

We know today's flawed launch of the Small Business Administration's Paycheck Protection Program has been filled with high tensions and desperate attempts by community bankers to meet the needs of their small-business customers.

Unfortunately, the Payment Protection Program rollout did not work for many of the nation’s community bankers. In my opinion, one community bank left out is one too many.

There are many late-breaking developments from the Treasury Department and Small Business Administration on the Paycheck Protection Program, and we want you to be fully up to speed.

The technologies community banks have deployed over the past decade—from mobile apps to remote deposit capture to contactless cards—mean that today, we can continue to access our finances, anytime, anywhere—even within the confines of our home.

Just as community bankers are working nonstop to support their local customers and communities amid the coronavirus outbreak, ICBA is working around the clock and committed to getting you the facts and resources you need as soon as possible so you can focus on running your bank.

While you have stood strong for your customers and communities, ICBA has been standing strong in Washington to shape and advance this critical legislation to support you during this uncertain time.

Undoubtedly due to the tireless efforts of Team ICBA, community bankers secured key provisions in the stimulus bill that will help them continue to serve their customers and communities during this difficult time.