Important
People’s Bank Committed to Serving Communities
Medford, Oregon – People’s Bank of Commerce (OTCBB: PBCO) is pleased to announce that its $5 million capital offering was fully subscribed and completed on March 11, 2020. The new capital will add strength and resiliency to the Bank, which is committed to serving its communities during the COVID-19 crisis.…
Read MoreThe state of Oregon Launches COVID-19 Small Business Resource Navigator
Business Oregon, alongside the Oregon Employment Department, the Oregon Secretary of State, and the Oregon Department of Consumer and Business Services compiled information to assist Oregon small businesses dealing with the impacts of COVID-19. Click here to visit the site.
Read MoreE2E Online Meeting with Ken Trautman of People’s Bank Re: CARES Act SBA PPP Loans
Ken Trautman, President of People’s Bank of Commerce in Medford, Oregon presented to the SOE2E.com (Southern Oregon Entrepreneur to Entrepreneur group) today about the CARES Act SBA PPP loans and process. This is the captured footage of the call using Zoom. We had over 70 people on the call at…
Read MoreTreasury announces application for CARES act funding.
ASSISTANCE FOR SMALL BUSINESSES The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals…
Read MoreThe Small Business Owner’s Guide to the CARES Act
See also from the U.S. Senate Committee on Small Business & Entrepreneurship The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be…
Read MoreImportant Employment Law Update
Families First Coronavirus Response Act (FFCRA) by NAGEL & PADILLA, LLC Nagel & Padilla LLC, Certified Public Accountants, Business, and Financial Advisorsninfo@nagelpadilla.com You and/or your family may be affected, as an employer, an employee, a self-employed worker, or all three, by these changes. On Wednesday, March 18, 2020, Congress passed and…
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“The banking industry as a whole has entered this period of uncertainty in a position of great strength.”
By Ken Trautman, President, and CEO, People’s Bank of Commerce. We are all trying to learn how to adapt to the COVID-19 virus. Most of us are overwhelmed with negative news and are being provided few solutions. Events have unfolded quickly across the nation, but rest assured, this event is…
Read MoreGovernor Kate Brown Tightens Social Distancing Measures, Tells Oregonians to “Stay Home, Save Lives”
Updated orders for individuals, businesses, public organizations, and outdoor spaces to prevent COVID-19 spread Portland, OR—Governor Kate Brown today issued Executive Order 20-12 , directing everyone in Oregon to stay at home to the maximum extent possible and adding to the list of businesses that will be temporarily closed to stem the…
Read MoreBanks are Open for Business
By Jim Teece I just got a message from Ken Trautman, president of People’s Bank. Full disclosure – I proudly serve on the board of People’s Bank. He wanted me to help him get the word out. “People’s Bank is going to help. No need to hold a lot of cash, your…
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