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Osteen s 16,800 seat church is housed in a sprawling 606,000 sq/ft complex that serves as a vehicle for Osteen s prosperity gospel, a message that financial well-being and health comes from your adherence to scripture and your donations to religious causes, in this case, Joel Osteen s wallet.
Joel Osteen’s Lakewood Church is among the large local congregations that received multi-million dollar loans as part of the federal government’s COVID-19 stimulus package.
Lakewood received a $4.4 million loan through the Paycheck Protection Program, a part of the federal CARES Act that provided loans to pay employee wages or for other basic operational costs such as utilities.
COVID-19 Stimulus: A big week ahead
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Customers Bancorp Discloses Favorable Mid-Quarter Financial Trends - Press Release
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Customers Bancorp (NYSE:CUBI) ( the Company ) is hosting a special webcast at 10 a.m. EST today with the investment community to discuss the pending divestiture of BankMobile Technologies, Inc. and offer commentary regarding the Company s mid-quarter financial performance. Registration information for the webcast and other details are provided later in this release.
Customers Bancorp is pleased to report that its financial performance quarter-to-date has remained favorable, despite significant headwinds stemming from the pandemic and related economic dislocation. Consistent with our expectation, asset quality has been stable as evidenced, most notably, by trends in nonperforming assets and net charge-offs. Nonperforming assets were $69.3 million or 0.38% of total assets at November 30, 2020, up modestly from $63.7 million or 0.34% of total assets at September 30, 2020. The pace of net charge-offs has slowed recently, totaling only $5.3 million in October and November 2020 co
The Winston-Salem restaurant chain disclosed its latest bankruptcy reorganization proposal in a status report filed Friday. While we were hopeful we would find a buyer for K&W Cafeterias, given the current COVID-19 climate, we were not surprised that a buyer did not come forward with an acceptable offer, K&W president Dax Allred told the Winston-Salem Journal on Friday. We are working with our attorney to finalize a reorganization plan to be presented to all parties of interest, where K&W will continue to operate.
The company has until Dec. 31 to file its next proposed reorganization plan and until March 1 to gain confirmation of the plan.