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Montecito Bank & Trust board adds Marshall, Rabinowitz

By   /  Tuesday, May 26th, 2020  /  Banking & Finance, Banking Industry, Latest news, South Coast  /  Comments Off on Montecito Bank & Trust board adds Marshall, Rabinowitz

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Garufis: Bankers busy with second round of PPP

By   /  Friday, May 1st, 2020  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion, Small Business  /  Comments Off on Garufis: Bankers busy with second round of PPP

By Janet Garufis It’s after 8 p.m. on April 27, the day the second tranche of PPP funding was made available by the Small Business Administration, and I’ve just completed our PPP update call with the dedicated group of Montecito Bank & Trust professionals who are responsible for making PPP a reality for hundreds of Read More →

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PPP problems persist as tri-county banks try to make more loans

By   /  Friday, May 1st, 2020  /  Banking & Finance, Banking Industry, Latest news, Law, Small Business  /  Comments Off on PPP problems persist as tri-county banks try to make more loans

The Payroll Protection Program’s second round of funding started on April 27, but some of the issues from the first round are vexing Central Coast bankers and borrowers. Among technical problems, the Small Business Administration’s website has crashed, limiting the number of applications banks can process at one time. Additionally, financial regulations meant to guard Read More →

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Banks ramp up loans to tri-county small businesses

By   /  Friday, April 24th, 2020  /  Banking & Finance, Banking Industry, Latest news, Small Business, Tri-County Economy  /  Comments Off on Banks ramp up loans to tri-county small businesses

It’s not too late for tri-county small businesses to get financial aid from the government to help offset COVID-19 losses. President Donald Trump signed a $484 billion relief package bill April 24 containing the awaited second wave of Payroll Protection Program funding. The program originally had $349 billion for small businesses but ran out of Read More →

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Community Bank of Santa Maria reports first quarter increases

By   /  Monday, April 13th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on Community Bank of Santa Maria reports first quarter increases

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Tri-county-based banks earn high ratings

By   /  Thursday, April 9th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Latest news, South Coast  /  Comments Off on Tri-county-based banks earn high ratings

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Dubroff: Loan program will stabilize America’s small businesses

By   /  Friday, April 3rd, 2020  /  Banking & Finance, Banking Industry, Columns, Latest news, Small Business  /  Comments Off on Dubroff: Loan program will stabilize America’s small businesses

Henry Dubroff

Within the next week or so, thousands of small companies are going to be applying for loans — and possible loan forgiveness — under the Paycheck Protection Program or PPP that’s part of the $2 trillion in federal funding approved under the CARES Act. I’ve been studying the PPP since the first details began to Read More →

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