ABMA Community Chat Thursday May 28 Recap and Upcoming Chat June 4

Thu May 28, 2020

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ABMA Community Chat May 28 Recap

The group discussed the upcoming PPP Forgiveness Application that becomes a reality in the upcoming weeks. Please do the math on PPP forgiveness on an ongoing basis so you can see where you are headed.

There are rumblings in Congress as the House today passed legislation that proposes to extend PPP for as long as 24 weeks. Stay tuned for negotiations in the Senate.

Will the $600 weekly unemployment stipend be extended? Many think so. Stay tuned.

There was discussion about the speed of the return of business and the general consensus was this week that the slowdown will continue. The optimism from the past  two weeks has waned a bit.

Mask use and spikes in localities that are opening up was discussed and vary by region and location.

Again we heard more storiis of attempted phishing and hacks. Stay on the alert.

The general consensus is a good, small to regional business bank is a valuable partner, especially now.

ABMA Community Chat June 4 2020

ABMA will be hosting another video networking session on Thursday June 4 beginning at 330p MDT. The sessions are designed to allow the ABMA Community to share experiences and information about the pressing issues of the day and to foster exchange of ideas and experiences that concern the industry.
This session will have 
the following Agenda:

1. Follow up on the CARES ACT Paycheck Protection Program

2. Supply Chain Disruption Issues

3. Employee retention Issues

4. Reopening Plans

6. Around the horn (new business)

7. Happy Hour. Time to enjoy the great folks in this industry

ABMA Community Chat Zoom Meeting

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