On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (the “CAA”) was signed into law, which expands certain provisions of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).
Fenimore, Kay, Harrison & Ford, LLP has been honored with the coveted Five*Star Award presented by the Independent Bankers Association of Texas for the third time.
The Federal Reserve continues to release additional guidance relating to the Main Street Lending Program (the “MSLP”) originally announced in April 2020. Though the program is still largely in the setup phase, many community banks are contemplating whether to participate.
During the past month, banks have scrambled to accommodate customers—working around the clock to process emergency requests for loan modifications and thousands of applications under the Payroll Protection Program (PPP). They have done this with reduced staff, and while simultaneously overhauling delivery and workflow systems in an attempt to keep customers, employees and their families safe.