Chesapeake Financial Shares Inc (OTCQX:CPKF) Senior Credit Officer and Executive VP John O’Shaughnessy tells Proactive how the community bank is prepping for the $900B pandemic relief bill that was signed into law in late 2020.
O’Shaughnessy says earlier in 2020 when the first round of Payment Protection Program the bank processed just under 1,000 loans, translating into $77M. The bank is now in the process of working with existing and new customers on loan forgiveness grants.
Story by ProactiveInvestors
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