Coronavirus - COVID-19
NJBankers Resources

PRESS RELEASES
1st Bank of Sea Isle

1st Colonial Community Bank

1st Constitution Bank

Amboy Bank

Bank of America 3-31-20

Bank of America

Bank of Princeton

BB&T

BCB

Berkshire Bank

Blue Foundry Bank

Bogota Savings Bank

Bryn Mawr Trust

Cenlar FSB

Century Savings Bank

Columbia Bank

Columbia Bank 3-23-20

ConnectOne Bank

Cornerstone Bank

Crest Savings Bank

Cross River Bank

Dime Community Bank

First Bank

First Commerce Bank

First Hope Bank

The First National Bank of Elmer

Franklin Bank

Freedom Bank

Freehold Savings Bank

Fulton Bank

Garden State Community Bank

Haddon Savings Bank

HSBC Bank USA, N.A.

Investors Bank

JPMorgan Chase Business Relief Efforts 4-10-20

JPMorgan Chase

Kearny Bank

Lakeland Bank:

Lincoln 1st Bank

Lusitania Savings Bank

Magyar Bank

Manasquan Bank - Residential and Consumer COVID-19 Relief Assistance

Manasquan Bank

Mariner's Bank

Millville Savings

Millington Bank

Monroe Savings Bank, SLA

M&T Bank

Newfield National Bank

NJEDA Announces New Initiatives to Support Businesses Impacted by COVID-19

NJBankers - Mortgage relief for many in NJ — but not for everyone

NJBankers - Lenders Don't want to foreclosure on commercial loans

NEW JERSEY’S BANKS AND CREDIT UNIONS COMMITTED TO PROVIDING ESSENTIAL SERVICES TO CONSUMERS AND BUSINESSES DURING COVID-19 HEALTH EMERGENCY - Financial Institutions Are Safest Place to Keep Funds During Crisis

NJBankers

NJBankers

Northfield Bank

NVE Bank

OceanFirst Bank

Parke Bank

Peapack-Gladstone Bank

Provident Bank

PNC Bank

Regal Bank

RSI Bank

SB One Bank

Schuyler Savings Bank

Somerset Savings Bank

Spencer Savings Bank

TriState Capital Bank

TD Bank - Community Resilience Initiative

TD Bank - Ready Challenge

TD Bank

Unity Bank

United Roosevelt Savings Bank

Valley Bank

Wells Fargo Bank

WSFS Bank

REGULATORY RELIEF
CISA Guidance Essential Critical Infrastructure

Comptroller of the Currency Thanks Stakeholders for Comments on the Proposal to Modernize CRA

Federal financial institution regulatory agencies and the state banking regulators, will host an interagency webinar on Friday, March 27, 2020, at 2 p.m. EST

Federal Reserve Board of Governors expands eligibility criteria for borrowers under the Paycheck Protection Program Liquidity Facility (PPPLF)

Federal Reserve Bank of Philadelphia Update on Supervisory Activities: May 7, 2020

Federal Reserve Bank of Philadelphia Update on Supervisory Activities: April 28, 2020

Federal Reserve Bank of Philadelphia Update on Supervisory Activities: April 10, 2020

Federal Reserve Board of Governors Press Releases

Joint Release - Agencies Release Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance

Board of Governors of the Federal Reserve System
Farm Credit Administration
Federal Deposit Insurance Corporation
National Credit Union Administration
Office of the Comptroller of the Currency

Federal Reserve provides additional information to financial institutions on how its supervisory approach is adjusting in light of the coronavirus

Federal Reserve Bank - COVID 19 Helpful Links:
. Resources Page
. Discount Window Site
. Email Questions to pppl@chi.frb.org

FDIC’s COVID-19 Webpage and Updates

FDIC 3-13-20

FDIC 3-19-20

Interim Financial Rule for Money Market Liquidity Facility

Joint Statements on CRA Consideration for Activities

New Jersey Orders Related to Covid-19

NJDOBI 3-20-20

NJDOBI Bulletin

News Release | NR 2020-77 June 8, 2020 - OCC Hosts Mutual Savings Association Advisory Committee Meeting June 29 Via Webinar

OCC- COVID 19 Information: Interagency Frequently Asked Questions on the Community Reinvestment Act Related to COVID-19

Bulletin | OCC 2020-55 May 26, 2020 - Director, Shareholder, and Member Meetings : Interim Final Rule

OCC 3-19-20 OCC New Programs for Small Business Relief

OCC Bulletin | OCC 2020-49 May 8, 2020 Current Expected Credit Losses : Final Interagency Policy Statement on Allowances for Credit Losses

OCC Bulletin | OCC 2020-50 May 8, 2020 Credit Risk : Interagency Guidance on Credit Risk Review Systems

OCC Bulletin 2020-24 | Consolidated Reports of Condition and Income : 30-Day Grace Period for the March 31, 2020, Call Report Date

OCC Bulletin 2020-23 | Pandemic Planning: Essential Critical Infrastructure Workers in the Financial Services Sector

OCC - Small-Dollar Lending : Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19

OCC | NR 2020-53 April 14, 2020 OCC Announces Paycheck Protection Program Listening Sessions

Bulletin OCC 2020-34 | April 7, 2020 | Bank Secrecy Act/Anti-Money Laundering : OCC Supports FinCEN’s Regulatory Relief and Risk-Based Approach for Financial Institution Compliance in Response to COVID-19

Bulletin OCC 2020-35 | April 7, 2020 Troubled Debt Restructurings : Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working With Customers Affected by COVID-19 (Revised)

Bulletin OCC 2020-43 |April 24, 2020 COVID-19 Financial Support Programs : Visitorial Authority

Governor Murphy and Commissioner Caride Announce Expansion of Payment Relief for Student Loan Borrowers

ADDITIONAL RESOURCES

NJBankers Associate Member Coronavirus Resources

ABA

FDIC

FHLBNY

Federal Reserve Bank of York

Federal Reserve issues FOMC statement

Federal Reserve announces extensive new measures to support the economy

Federal Reserve Board announces technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses

Hunterdon Chamber of Commerce

ICBA

SBA PPP Program Interim Final Rule

SBA Disaster Loan Program
The Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.

•       Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).
•       SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance.
•       Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities.
•       SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
•       These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
•       SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
•       SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.

SBA Offers Disaster Assistance to NJ

Lenders Don't Want to Foreclose on Commercial Loans

Webinar: WEBINAR on The Financial Pandemic - How To Navigate the Crisis