REGISTER TODAY: Are You Still Using Excel to Manage Deposit Exceptions?
Join us for a quick 30-minute webinar to learn how to increase visibility into deposit exceptions on a regional, branch, and individual level and to empower your FSR's or CSR's.
Big bankruptcies have been trickling in this year as the US continues to navigate through the coronavirus pandemic. Many of these companies filing for bankruptcy have been, unsurprisingly, airline and travel companies, and now we are seeing more and more big names like J. Crew and J.C. Penney added the list. “In May alone, some 27 companies reporting at least $50 million in liabilities sought court protection from creditors -- the highest number since the Great Recession,” reports Bloomberg.
Mark Cuban, Citizens Bank of Edmond and Teslar Software Team Up to
Help All Small Businesses with PPP Forgiveness
Group collaborates to launch free website that simplifies and streamlines PPP forgiveness for small businesses, regardless of lender
The largest banks in the United States have recently reported exceptional growth in the past months. The ten largest U.S. banks grew in asset size by more than $1.2 trillion in Q1 of 2020. 20 percent of this growth alone ($273 billion in new deposits) came from JPMorgan, placing it as the first bank in the U.S. with $3 trillion in assets.1
Teslar Software will be participating in an exciting virtual event alongside other fintechs tomorrow (Thursday, May 21st) at 11:00am CDT! The Alliance for Innovative Regulation, the ICBA, and the Venture Center are hosting “PPP Tech | Loan Forgiveness Solution Sprint,” a virtual event to showcase technology solutions to help with PPP Forgiveness-- reporting, managing, and servicing these loans. Each invited fintech will spend five minutes demonstrating their solution followed by a Q&A session with community bank leaders.
Many organizations have feared a work-from-home model for years, worrying about the risks that come with more distractions, less accountability, and less productivity for employees, but the COVID-19 pandemic has forced many organizations to adopt work-from-home procedures despite their apprehension. However, many have found their fears put at ease—this actually works. Not only do employees have more free time, lending way to better quality of life, and get to work in sweatpants, but they’re doing it with just as much, if not more, productivity. Many predict that working from home is here to stay.
It has been several days since the second round of PPP loan processing began. Bankers were hoping for a smoother ride this go-around, but many of the same problems that plagued the first round of the Paycheck Protection Program are still on the scene in round two.
This school year, the celebrations are limited, but the appreciation has exponentially increased as parents and caregivers across the nation have walked a mile in the shoes of a teacher. Between Zoom meetings, AMI packets, communications with parents, and supporting and caring for students, teachers are still working hard in the background, supporting their students and families as much as ever.