Big Data

Bank granted ‘temporary and narrow’ relief from 2018 balance sheet restrictions to aid small business loan program

The government’s $349 billion small business support package is facing issues already, according to reports

Banks are continuing to explore ways of supporting local communities, customers, and medical staff during the pandemic

While regional banks were embracing small business loans, the U.S. government sparred with the top four regarding the program as larger banks did not show enthusiasm

Wells Fargo donated $185 million, Bank of America pledged $110 million, and more than 30 others have committed to supporting communities affected by the pandemic

Its full time employees would receive extra compensation of $600 if they make less than $100,000 a year

Bank of America, Truist, Webster, Associated Bank and Mutual of Omaha are among those pledging to charities and community support funds

National and community banks are taking measures to ease the financial difficulties posed by lockdowns and closures

MutualFirst’s merger with Northwest Bank has also taken a step closer with investor approval granted last week

Tornadoes killed 25 people in Tennessee last week and caused huge amounts of damage, prompting community banks to step in