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

Kearny Bank

Lakeland Bank:

Coronavirus Update: Getting Through This Together

Coronavirus Update: Message from our President & CEO

A Note from Lakeland on Coronavirus (Business Version)

A Note from Lakeland on Coronavirus (Consumer Version)

https://www.lakelandbank.com/about/alerts/?news_cat=alerts&news_article=coronavirus-update


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

Unity Bank

United Roosevelt Savings Bank

Valley Bank

Wells Fargo Bank

WSFS Bank

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

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