Peoples Bank helps clients obtain SBA authorization for $422 million in Paycheck Protection Program loans
Peoples Bancorp Inc. (PEBO)
Last peoples bancorp inc. earnings: 4/21 06:30 am
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Source: PR Newswire
MARIETTA, Ohio, April 16, 2020 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced that its banking subsidiary, Peoples Bank, has helped over 2,350 business clients obtain SBA authorization for loans under the SBA Paycheck Protection Program ("PPP") totaling $422 million. A portion of the loans have already been funded, with the remaining loans to be funded over the next two weeks. "We are proud to have helped so many local businesses navigate through this difficult time period. We are a top 100 national SBA 7(a) lender. That background and experience helped us deliver for our clients and even helped us gain a few new ones," said Chuck Sulerzyski, Peoples' President and Chief Executive Officer. "There is no better example of our motto Working Together. Building Success. Associates from multiple areas of the bank pulling together quickly to get the job done for our clients and communities. We look forward to continuing to help individuals and businesses wit
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