PHOTO:
Bruno Nascimento
Companies are no longer competing only with businesses in their wheelhouse. They are competing with every experience that customers have during their daily lives. The abundance of digitally-native businesses are conditioning consumers to expect faster, simpler and more intuitive experiences, self-service and personalized interactions, and even anticipating and responding to needs before consumers even recognize them.
While traditional businesses have been taking continuous steps toward digital customer interaction, the need to accelerate changed almost overnight with the onset of the COVID-19 pandemic. Consumers quickly became comfortable living with digital interactions because they had no other choice. Months later, many have come to realize they like digital interactions every bit as much, and sometimes better than what they experienced before. That has only served to increase the challenge of keeping up with customer expectations.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Golden Valley Bancshares Reports Fourth Quarter Results (Unaudited)
February 4, 2021 GMT
CHICO, Calif. (BUSINESS WIRE) Feb 4, 2021
Golden Valley Bancshares (OTC Markets: GVYB ), with its wholly owned subsidiary, Golden Valley Bank headquartered in Chico, California today reported fourth quarter 2020 net profit of $943,551, and year to date net profit of $4,093,157, compared to $803,747 and $3,991,884, respectively for the same periods in 2019.
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Assets up $49.3 million to $406.3 million, or 13.8%
Loans up $81.8 million to $265.5 million, or 44.5%
Deposits up $68.2 million to $363 million, or 23.1%
The company used fees from the Paycheck Protection Plan to fortify its balance sheet against the potential of future economic uncertainty while providing for the needs of customers and the community. The company also completed the formation of Golden Valley Bancshares in Octob
Adaptation key for business during COVID, and some changes are here to stay
From adapting to new technology to helping their customers feel comfortable in a pandemic environment, businesses have had changes thrust upon them. 9:00 am, Feb. 2, 2021 ×
Ground Round owner Matt Walkowiak sits in the freshly painted bar area of his restaurant. Adam Kurtz / Grand Forks Herald
Many businesses had to throw out the handbook and come up with new plans as the coronavirus pandemic dominated 2020. While many are hoping for a return to normal, some of the lessons they have learned will likely be permanent.
Now, with a vaccine being rolled out, some are wondering what their new normal will look like.
AMY CLICKNER
While 2021 has certainly come in with a BANG! There is so much going on in the community and at the LSCP, I just want to highlight a few things that may be of interest to you.
First and foremost, the COVID-19 vaccines are rolling in, giving us a light at the end of the tunnel. A huge shout out to the Marquette County Health Department and all their partners working so hard to get everyone vaccinated. Certainly an unprecedented project to be accomplished.
The students are back in town! This is an important economic impact to our region and we are grateful that NMU has been a leader in how to safely accomplish this. Our local businesses will definitely feel the uptick in sales.
New stimulus package fixes PPP loan confusion
New stimulus package fixes PPP loan confusion
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WASHINGTON While the $600 stimulus payments to individuals took center stage in the latest COVID-19 relief package, a wide range of other benefits are available to help small businesses around the country navigate through these tough times.
A key provision in the latest round of stimulus benefits involves the reversal of an earlier federal ruling that businesses would have to pay taxes on certain benefits received through the Paycheck Protection Program (PPP). This stimulus program pumped billions of dollars into the economy in 2020 and saved many businesses that otherwise would have been forced to close for good.