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Community banks: adding lending tools to leverage PPP momentum

Date:
August 4, 2020
  • matthew tevis headshot

    Authors

    Matthew Tevis

    Managing Director
    Head of Sales

    Financial Institutions | Kennett Square, PA

Summary

In a piece written for BAI, Matt Tevis highlights how smaller institutions are thinking about how they can retain and broaden their new commercial relationships.

Many community banks received high marks from commercial borrowers for their support throughout the SBA’s Paycheck Protection Program (PPP) loan application process. These institutions had to react quickly and took advantage of their local decision-making and focus on meeting borrower needs. As some larger financial institutions stumbled through the process and frustrated existing clients, many community banks were able to establish relationships with these borrowers. Now these smaller institutions are thinking about how they can retain and broaden their new commercial relationships.


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About the author

  • Matthew Tevis

    Managing Director
    Head of Sales

    Financial Institutions | Kennett Square, PA


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