Despite 2020 being a challenging year for everyone, First Bank teams continued to support the communities in which we serve in whatever manner possible. Although our volunteer efforts looked a little different than normal due to the pandemic, our charitable giving amounts still demonstrated our strong commitment. Learn more about our initiatives that support the people and the businesses in our communities.
Tim Fogerty, Managing Director of First Bank Commercial Banking and Kate Mayfield, Director of Credit Underwriting at First Bank provided updates from the COVID-19 Relief Economic Aid Act passed at the end of December, including information on Second Draw PPP Loans. They also provided information on how to apply for a second draw loan with First Bank.
First Bank’s Center for Family Owned Businesses held a webinar on January 12th covering COVID vaccinations and if employers can require them.
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. Major relief provisions are summarized here, as well as some additional tax provisions.
First Bank held a webinar on Tuesday, December 8, 2020 about managing conflict in a family-owned business.
Many small businesses continue to suffer financially from the ongoing pandemic. As we approach the holiday season, here are some ways to help support local businesses during the holidays.
The short- and mid-term outlook for small businesses is still uncertain and varies by region and industry. In fact, challenging economic conditions could persist locally and/or nationally for a while. As the situation changes, you may need to think on your feet and approach some aspects of your operation in new ways.