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Texas Partners Bank partners with Legacy Mutual Mortgage - Austin Business Journal

Texas Partners Bank partners with Legacy Mutual Mortgage - Austin Business Journal
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San Antonio financial institutions making PPP loans once again


San Antonio financial institutions making PPP loans once again
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The Small Business Administration reintroduced the Paycheck Protection Program Monday to offer low-interest, forgivable loans to businesses pummeled by the pandemic. A handful of smaller San Antonio institutions have been accepting loan applications. Bigger local banks will begin accepting applications Tuesday.Elise Amendola /Associated Press
With the Paycheck Protection Program rolled out again this week to extend aid to struggling small businesses, River City Federal Credit Union CEO and President Jeff Ivey put on another hat.
“Right now, I’m an SBA loan officer,” Ivey quipped, adding that San Antonio-based River City has been “swamped” with Paycheck Protection Program applications from borrowers. He had to step in to assist with the demand. ....

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San Antonio banks weather the coronavirus pandemic


San Antonio banks weather the coronavirus pandemic
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Jeff Sinnott took over as CEO and president of Vantage Bank Texas in March, just as the coronavirus was taking hold.Vantage Bank TexasShow MoreShow Less
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Bruce E. Toppin III, a San Antonio attorney who represents banks in corporate and regulatory matters, said banks made “good, sound loans,” as opposed to chasing after any loan they could make.Courtesy photoShow MoreShow Less
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Broadway Bank CEO and President David Bohne said 35 percent of new checking and savings accounts are opened online.Kin Man Hui /Staff photographerShow MoreShow Less
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