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Chesapeake Financial Shares Inc says Chesapeake Bank in good standing as it has well-crafted technology to deal with the next round of PPP loans

Chesapeake Financial Shares Inc says Chesapeake Bank in good standing as it has well-crafted technology to deal with the next round of PPP loans
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.

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PPP loans are back: Expanded program covers more businesses and more expenses

Eligibility requirements have been expanded in this latest round of COVID-19 financial relief, which offers $284 billion in potentially forgivable loans. ....

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PPP loans are back; expanded program covers more businesses and more expenses

By KIMBERLY PIERCEALL | The Virginian-Pilot | Published: January 18, 2021
NORFOLK, Va. (Tribune News Service) Business owners are getting another crack at $284 billion worth of potentially forgivable loans through the government’s revamped Paycheck Protection Program, aimed at keeping companies alive and employees on payrolls during the coronavirus pandemic.
Business owners who got a loan last year and used those funds can get a second loan. This time, the loans cover more business expenses, are open to a wider range of businesses (including destination marketing groups, newsgathering operations and 501(c)(6) organizations like chambers of commerce) and come with the assurance that approved expenses paid for by the loan will be tax-deductible a quirk fixed last year. ....

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Richmond banking recap for 2020: M&A action, CEO changes, new branches

Richmond banking recap for 2020: M&A action, CEO changes, new branches
BizSense file)
It’s hard to remember there were a few weeks at the start of 2020 when coronavirus wasn’t part of our everyday vocabulary and life seemed normal.
The local banking scene started the year in somewhat normal fashion as well, with C&F Bank completing its acquisition of Peoples Community Bank on the Northern Neck. C&F also got underway on a new headquarters for its finance division in Henrico.
Then, what could have been an interesting year for bank M&A action was put on hold when the pandemic hit. Still, at least two deals got underway and continue toward the finish line. ....

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SouthState Bank Expands Commercial Banking Team - News

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SouthState Bank Expands Commercial Banking Team
December 24, 2020, 08:35 AM
SouthState Bank announced the addition of a Jacksonville, FL.-based Middle Market Banking team, as well as the expansion of its Commercial Banking talent across the company s six-state footprint.
The SouthState and CenterState Bank merger of equals created a leading regional bank in the Southeast, said Mark Thompson, President, Southern Banking Group. Having a team of experienced Middle Market bankers based in Jacksonville, the largest city in Florida, and in the Southeastern U.S., enables us to deliver top-tier products and services to meet the unique needs of commercial middle market companies. ....

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