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Main Street Matters Blog

Find out what's happening in communities across America, from grassroots advocacy efforts, to fintech innovations and everyday successes of Main Street banks.

Main Street Matters

The New Normal: Getting Back to Work During COVID-19

May 14, 2020
As parts of our country prepare to “reopen for business” what constitutes the new normal for our nation’s community banks will depend on several parameters. These include local pandemic conditions, state and federal guidance, business requirements and the needs of the local communities they serve.

Survey Says: Community Bankers Come Through

May 7, 2020
What does $349 billion in government funding look like for an individual small business? A lifeline, according to many of the small businesses that applied for loans through the first round of the Small Business Administration’s Paycheck Protection Program.

The Jar of Good

May 1, 2020
More often than not, we don’t stop to recognize the good things that happen to our bank, employees, customers or communities. They tend to get lost in our day-to-day operations. So, why not get the year off to a positive start by embedding celebration into your culture? test

SBA PPP Systems Reserved for Banks Under $1 Billion in Assets Later Today

Apr 29, 2020
The Small Business Administration just announced that to ensure access for the smallest lenders and their small-business customers, its systems will only accept Paycheck Protection Program loans from lenders with less than $1 billion in assets between 4 p.m. and 11:59 p.m. (Eastern time) today, Wednesday, April 29

Charting the Path Forward

Apr 28, 2020
Community banks have always demonstrated courage and commitment in helping customers thrive in good times and in adversity. As bankers well know, with every crisis comes opportunity — and harnessing opportunities requires preparation.

New PPP Guidance Amid Relaunch Difficulties

Apr 27, 2020
Following this morning's relaunch of the Paycheck Protection Program, ICBA is hearing the many problems community bankers are having accessing Small Business Administration systems to process their PPP applications.

Treasury: Contemporaneous Guidance Applies to PPP Applications

Apr 25, 2020
ICBA has confirmed that any Paycheck Protection Program applications received by lenders prior to today can be processed based on guidance in effect prior to today, April 25, 2020.

Lessons Learned from PPP Funding 1.0 ​

Apr 25, 2020
When times get tough, the tough get going. As cliched as that may be, nothing could be truer as we look to community banks’ response to the Small Business Administration’s Paycheck Protection Program.

Treasury, SBA Issue New PPP Resources

Apr 25, 2020
The Treasury Department and Small Business Administration have released additional resources for Paycheck Protection Program lenders.

House sends PPP extension to President Trump

Apr 23, 2020
The House just passed bipartisan legislation to restart the Paycheck Protection Program and dedicate funding exclusively to community banks, sending it to President Trump to be signed into law.