What hurts community banks hurts small businesses
Recent legislation reduced deposit insurance which is not good for community banks. Paul Merski joins Jim Blasingame to report on the recent lowering of FDIC deposit guarantees hurt community banks and therefore, small businesses.
Category:
Banking, Investors, Capital, Government, Politics
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Paul Merski joins Jim Blasingame to report on a concerted effort by community banks to encourage Congress to allow for expensing of payroll covered by PPP, and avoid legal jeopardy with employees and customers upon reopening.
Paul Merski joins Jim Blasingame to report on state community bank organizations and Independent Community Banks of America (ICBA) encouraging Congress to take specific steps to help small businesses with their PPP loans.
Paul Merski joins Jim Blasingame to report on the amazing job community banks performed under extreme duress during the initial coronavirus shutdown, by fulfilling 66% of all Paycheck Protection Program loans.
Paul Merski joins Jim Blasingame to offer his thoughts on what the economy will look like after we all go back to work, including every reason to expect a robust bounce-back later in 2020.
Paul Merski joins Jim Blasingame to discuss how loan underwriting will have to change as banks fulfill the CARES Act through their relationship with the SBA.
