SCAM ALERT: We have seen a rising number of fraud cases in which a person pretending to be a bank employee contacts a customer about a suspected unauthorized transaction. The contact then asks for personal information in order to “clear up” the problem. As a reminder, the bank will NEVER call, text, or email you and ask for personal information. If you receive such a call from your “banker,” do not give personal information and hang up immediately. If you receive a text or email, do not respond. To report suspected fraud on your account, please contact your local branch or call Customer Service at 1-844-510-0819.
Update February 10, 2021: Forgiveness & Year End Interest Statements
Changes have been made to the Paycheck Protection Program forgiveness application 3508S. Borrowers can apply for forgiveness of First or Second Draw Paycheck Protection Program (PPP) Loans with SBA Form 3508S if the loan amount you received was $150,000 or less for an individual First or Second Draw PPP Loan (previously $50,000). Each PPP loan must use a separate loan forgiveness application form.
The 3508S application can be found to the right in the Round 1 Forgiveness Portal. This form requires fewer calculations and reduced documentation for eligible borrowers and does not require borrowers to show the calculations used to determine their loan forgiveness amount. However, the SBA may later request information and documentation to review those calculations as part of its loan review or audit processes, so please keep this information handy.