The Three New Year?s Resolutions For Every Community Bank in 2021

• Jan 19, 2021

The business community has high hopes for 2021 to be the year when struggling companies and individuals get back on their feet, but a widespread turnaround is anything but a guarantee. And, it certainly won?t come from a return to pre-coronavirus practices. The Paycheck Protection Program (PPP) is being refunded by Congress to the tune of $284 billion, but keep in mind that this new infusion of government money is less than the $349 billion in the first round, which was gone in just under two weeks (Source: Forbes).  And the likelihood of a third round of stimulus seems unlikely. Going forward, community banks will need to continue to make loans (in order to grow their assets). But how can community and small banks?whose lending model was largely upended for the larger part of a year...

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