First Central Savings Bank Celebrates a Momentous Milestone
GLEN COVE, N.Y., Oct. 20, 2023 (GLOBE NEWSWIRE) -- First Central Savings Bank (“FCSB”) proudly announces the remarkable achievement of Michelle Socias,...
Source: globenewswire.com
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First Central Savings Bank Reports Second Quarter 2023
Performance Highlights Net Income and Cash Earnings: Net income for the quarter ended June 30, 2023, was $2.0 million or $0.18 per share, compared to $2.0...
Source: globenewswire.com
Stockton Unveils Portrait of President Kesselman
Kesselman to retire as president in June 2023
Source: stockton.edu
Hundreds of PPP Loans Went to Fake Farms in Absurd Places
An online lending platform called Kabbage sent 378 pandemic loans worth $7 million to fake companies (mostly farms) with names like “Deely Nuts” and “Beefy King.”
Source: propublica.org
Derek Willis
Derek Willis Reprinted with permission from ProPublica A House committee has opened a formal investigation into how several online lenders may have facilitated fraudulent Paycheck Protection Program loans, following reporting by ProPublica and other news outlets. The House Select Subcommittee on the Coronavirus Crisis probe seeks answers from Kabbage and BlueVine, online lending platforms that processed hundreds of thousands of government-backed loans to small businesses, as well as Celtic Bank and Cross River Bank, which frequently partnered with the web-based lenders. Although these highl...
Source: nationalmemo.com