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The IRS recently provided guidance on certain tax breaks for forgiven PPP loans.
Yet, there are several ways community financial institutions can help their borrowers, and themselves, including government-backed loan forbearance programs, additional PPP or SBA loans, and new customized ways to work with your borrowers.
The roles of financial institution CEOs have changed over the past years.
While community financial institutions should be incorporating biometrics to protect customer data, they also need to mitigate the risks associated with biometrics.
Savings rates soared to a high of 33.7% in April of last year.
Digital disbursements give businesses a smooth and immediate payment process.
Partnerships with fintechs have been increasing, due to the digitization spurred by the pandemic.
Taking a holistic view of your customers will then allow you to more effectively value price the relationship for the greatest customer profitability.
It is one way to attract more customers and new talent.
The pandemic has harmed many businesses and shuttered many for good.