{"id":1319883,"date":"2020-05-11T22:52:01","date_gmt":"2020-05-12T04:52:01","guid":{"rendered":"https:\/\/www.postindependent.com\/bankers-hours-column-with-ppp-community-banks-a-better-bet-than-big-ones\/"},"modified":"2020-05-11T22:52:01","modified_gmt":"2020-05-12T04:52:01","slug":"bankers-hours-column-with-ppp-community-banks-a-better-bet-than-big-ones","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kske\/local-news\/bankers-hours-column-with-ppp-community-banks-a-better-bet-than-big-ones\/","title":{"rendered":"Bankers\u2019 Hours column: With PPP, community banks a better bet than big ones"},"content":{"rendered":"
\n
\n

<\/p>\n<\/div>\n<\/figure>\n

You all know that I poke a bit of fun at bankers, and especially the mega institutions that are too big to fail. Like a standup comedian that makes jokes about his own ethnic background, I can get away with it up to a point because, well, I spent my whole professional life as a banker.<\/p>\n

Everybody\u2019s been fairly tolerant, and I\u2019ve even got a smile or two out of banker friends.<\/p>\n

I, being me, can\u2019t resist some sarcasm in this piece. But it\u2019s really about how small banks across the country showed big banks what the industry\u2019s raison d\u2019etre really is: to be a resource for customers in the good times and, as now, the bad.<\/p>\n

In the second round of the Paycheck Protection Program small business lending effort, banks with assets under $10 billion in assets processed and secured approval from the Small Business Administration for over 587,000 loans, which comes to 61% of the total volume. Total dollar amount also topped other asset size categories with $43 billion funded, out of the $90 billion total.<\/p>\n

\n
\n
\n
\n
\n

<\/p>\n<\/div>\n<\/div>\n

Support Local Journalism<\/h3>\n