November 6, 2020

FDIC: New Report Highlights the Contributions of Community Banks to the Paycheck Protection Program

An analysis of call report data from FDIC-insured banks finds that community banks are playing a vital role in supporting small businesses through the Small Business Administration’s Paycheck Protection Program (PPP). Community banks hold nearly a third of all bank-held PPP loans, compared to holding only 15 percent of all bank loans, according to a new FDIC report, “The Importance of Community Banks in Paycheck Protection Program Lending,” which will be published in an upcoming FDIC Quarterly.

Specifically, the FDIC found that as of June 30, 2020: 

Read the full report.

This post was originally published here.