Final week, Tallahassee-based Capital Metropolis Bank introduced that by means of Paycheck Safety Program (PPP) loans that it saved greater than 25,000 jobs within the three states it operates in.
The bank introduced that it accepted greater than 2,200 loans totaling round $190 million. This consists of greater than 650 small enterprise loans within the Huge Bend space which totaled round $63.three million.
PPP was a part of the $2.three trillion Coronavirus Help, Reduction, and Financial Safety (CARES) Act that Congress and the White Home agreed on on the finish of March.
Capital Metropolis Bank President Tom Barron weighed in on his bank’s function with PPP loans.
“In more than 125 years of business, Capital City Bank has endured wars, economic downturns and profound industry changes by focusing on what matters most: our clients, our communities, and our commitment to helping our hometowns thrive,” stated Barron on Thursday. “Our bankers are proud to continue this long-standing tradition as we work to serve and support our clients and communities during this difficult time.”
Capital Metropolis Bank has branches in Florida, Alabama and Georgia.