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Bank of the James Announces Fourth Quarter, Full Year 2020 Financial Results and Declaration of .
Bank of the James Financial Group, Inc.January 22, 2021 GMT
LYNCHBURG, Va., Jan. 22, 2021 (GLOBE NEWSWIRE) Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James, a full-service commercial and retail bank serving Region 2000 (the greater Lynchburg MSA), and the Blacksburg, Charlottesville, Harrisonburg, Lexington, and Roanoke, Virginia markets, today announced unaudited results for the three and 12 month periods ended December 31, 2020.
Net income for the three months ended December 31, 2020 was $1.71 million or $0.39 per diluted share, compared with $1.52 million or $0.35 per diluted share for the three months ended December 31, 2019. Net income for the 12 months ended December 31, 2020 was $4.98 million or $1.15 per diluted sh
“We were one of the first non-essential businesses to be shut down”, Tyler said.
That’s why the Center for Responsible Lending has issued a position paper with its recommendations for improving the $284 billion, third round of the PPP.
One idea: remove barriers to participation, including the exclusion of applicants charged with, but not convicted of a crime, and those who are delinquent but have not defaulted on student loans.
“These are business owners, they should be able to access this program…. there’s a whole section of people who, no one has found them guilty of anything they haven’t been tried in court, yet they can’t access the program”, said Ashley Harrington, federal advocacy director for the Center for Responsible Lending.
Small businesses have received more than $5 billion in Payroll Protection Program loans during the past week. The U.S. Small Business Administration announced that the coronavirus-relief program opened Tuesday for all participating banks and lenders, regardless of size or how they are chartered. From Jan. 11 until Jan. 14, the program was reserved for community […]
Biden Day One: economic recovery Article by Beth Miller Photo by iStock January 21, 2021
UD experts say pandemic recovery will give fresh traction to economy
Editorâs note: As University of Delaware alumnus Joseph Biden starts his first full day as president of the United States, UDaily offers thoughts from several UD experts and doctoral students on the Biden-Harris administrationâs top four priorities: COVID-19, economic recovery, racial equity and climate change. This article focuses on economic recovery.
As more and more arms accept a vaccination against the coronavirus (COVID-19) that has plagued our Earth for more than a year, the prospect of economic recovery brightens.
University of West Florida’s department of Global Hospitality & Tourism Management,
Pensacola
“For the tourism industry in Northwest Florida there is no playbook at this point for dealing with the pandemic. I would say that those business owners that have developed a plan to be as flexible, creative and transparent as possible are coming out ahead.
I have noticed that some hotel owners are taking this opportunity to spruce up their hotels if they have the money.
But across the board, the luxury lodging sector is taking the biggest hit.
Fortunately, for the hospitality industry we’re in a bubble here in Northwest Florida. We are a drive market, and people are still driving here from New Orleans and Atlanta and other major southeastern cities. People still want to come to Northwest Florida and get away like they did before COVID.”