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Tompkins Mahopac Bank PP Funding Portal now available Written by Tompkins Mahopac Bank Earlier today, Tuesday, January 19th Tompkins Mahopac Bank’s Online Application Portal for PPP funding became available beginning at 8:00 a.m. In an effort to provide you with the best possible experience, we have included information below to help prepare you and your business. What You Can Do To Prepare Beginning today, Tuesday, January 19th, Tompkins will accept PPP loan applications from our business banking customers who maintain a business deposit or loan account (excluding credit cards) ...

The Economic Aid to Hard-Hit Small Business, Nonprofits and Venues Act (the “ Act”) was signed into law on December 27, 2020, as part of the Consolidated Appropriations Act, 2021. The Act’s goal is to extend the term of certain economic relief programs created under the Coronavirus Aid, Relief, and Economic Security Act (Pub. L. 116–136) (the “ CARES Act”), including, extending the Paycheck Protection Program (“ PPP”) program. The key updates to the PPP program implemented by the Act are outlined below.  Additional PPP Funds Available. Additional Funding”).  The new applic...

MutualOne grant supports Big Brothers Big Sisters program Mark R. Haranas, president and CEO of MutualOne Bank and chairman of the MutualOne Charitable Foundation, this week announced that Big Brothers Big Sisters of Central Mass & MetroWest has been awarded a $5,000 foundation grant to support its Girls in STEAM E-Mentoring (G.E.M.) program in Framingham and Natick. According to Big Brothers Big Sisters Executive Director Jeffrey Chin, the program matches at-risk youth with STEAM (Science, Technology, Engineering, Art, Math) women professionals from area corporations, higher education and ...

Orrstown Financial Services, Inc. Reports Fourth Quarter and Full Year 2020 Results Diluted fourth quarter 2020 EPS of $0.91 per share versus $0.45 per share in the third quarter of 2020 due to robust revenue growth combined with expense reductions; full year diluted EPS of $2.40 per share Tangible book value per share (1) increased to $19.93 at December 31, 2020 from $18.70 at September 30, 2020 and $17.65 at December 31, 2019, an increase of 12.9% for fiscal year 2020 Small Business Administration Paycheck Protection Program (“SBA PPP”) portfolio averaged $443 million in the three month...

To embed, copy and paste the code into your website or blog: The SBA, in consultation with the Department of Treasury, has announced that it is reopening its portal for first draw and second draw PPP applications to all eligible PPP lenders today, January 19, 2021. The portal had previously been reopened to community financial institutions for first draw applications on Jan. 11 and second draw applications on Jan. 13 and to small eligible lenders (those will less than $1 billion in assets) on Jan. 15. The deadline for submitting applications is March 31, 2021. Eligible borrowers desiring to a...