WEBINAR DETAILS

The coronavirus (COVID-19) has changed our personal and economic lives in ways that most could not imagine. The US and world economies have been impacted in such a way that every household and business has felt some effect from required isolation or the disease itself. To survive this global pandemic, businesses of all sizes and across multiple industries need capital – and quickly. In response to the economic need for a capital infusion, the federal government responded with a $2.2 trillion stimulus titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which became law on March 27, 2020.

The CARES Act includes provisions which directly impact community banks. As during other catastrophic events, our nation’s financial institutions stand at the frontlines, offering customers support, confidence, and much needed financial resources. Financial institutions will be critical in delivering capital into the nation’s economy through the various SBA programs outlined in the Act, including the Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL), and subsidies for certain loan payments. In addition to SBA programs, the Act has multiple provisions that have direct impact or

management implications for financial institutions. This presentation will provide a broad scope of the Act’s provisions which need to be addressed as institutions navigate through our new, temporary, normal.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session will provide a broad overview of the impact of the CARES Act. It will benefit senior management, directors, business bankers, and work-out specialists.