Listen to Carol, SVP, Residential Lending Officer, talk to Pat Kelly of the Pulse 107.7, as they discuss how mortgage customers can be helped, especially during this trying time. We are here for all of the community. Click to listen
Archives for 2020
Paycheck Protection Program Resumes Monday at 10:30am
The Small Business Administration has announced that it will resume taking Paycheck Protection Program loans on Monday, April 27th at 10:30am. We plan to begin accepting applications again at that time. Please watch this website and your email for additional information on Monday morning. Thank you for your business. We are all in this together.
Mutual Benefits Special May Offers Now Available
Special May offers for Mutual Benefits customers have been released. Learn more Mutual Benefits is a unique discount program that offers a diverse and comprehensive range of money saving benefits. As a member, you’ll receive discounts on everything from healthcare services to shopping, entertainment, dining, airfare, hotels, online merchants and much more. You’ll even have access to an identity theft and security program, for enhanced peace of mind. What’s more, the nationwide network of Local Partners enables members—no matter where they live or travel—to always have easy access to the program’s extensive services and money saving offers through the Mutual […]
Dan Osetek Talks Business Loans
Listen to Dan Osetek, VP, Commercial Loan Officer, talk to Pat Kelly of the Pulse 107.7, as they discuss how local banks are the best advocates for small businesses. Click to listen
Phishing Text is newest Coronavirus scam
Local news and police departments are warning of a new scam where consumers are receiving a text message claiming they have come in contact with someone who tested positive for COVID-19, or is showing symptoms of the virus. The text instructs the individual to self-isolate, and provides a link for the consumer to click for more information. Clicking on this link provides a gateway for fraudsters to contact the person in an attempt to trick them into sending money or personal information and/or downloads a virus onto their phone. If you receive text messages stating you may have been exposed […]
Small Businesses Can Apply for $5000 Grant through the Save Small Business Fund
The U.S. Chamber of Commerce Foundation in partnership with a coalition of supporting companies, foundations and philanthropic donors, is working to provide financial relief to small businesses through the Save Small Business Fund. The Save Small Business Fund is a grant-making initiative that offers $5,000 grants to provide short-term relief for employers across the U.S. The grants will help businesses meet their most pressing needs that can include anything from rent to payroll expenses to overall business operations. Grants will be distributed on a weekly, rolling basis until all funds have been allocated. To qualify, a business must:Employ between 3 and […]
Paycheck Protection Program (PPP) Fraud
Update, Friday April 24th: The Small Business Administration has announced that it will begin accepting applications for the second round of Paycheck Protection Program loans on Monday, April 27 at 10:30am. We plan to begin accepting applications again at that time. Please watch this website and your email for additional information on Monday morning. Thank you for your business. We are all in this together. On April 16th, the Small Business Administration (SBA) announced that the funding for the Paycheck Protection Program (PPP) has been fully exhausted and they are no longer accepting applications. While there is a possibility that Congress […]
PPP Funds Exhausted; SBA No Longer Accepting Loan Applications
Update, Friday April 24th: The Small Business Administration has announced that it will begin accepting applications for the second round of Paycheck Protection Program loans on Monday, April 27 at 10:30am. We plan to begin accepting applications again at that time. Please watch this website and your email for additional information on Monday morning. Thank you for your business. We are all in this together. On April 16th, the Small Business Administration (SBA) announced that the funding for the Paycheck Protection Program (PPP) has been fully exhausted and they are no longer accepting applications. While there is a possibility that Congress […]
Mobile Deposit of Government Stimulus Checks
While government checks are not normally eligible for mobile deposit, a temporary exception has been made to ensure customers are able to deposit stimulus checks without needing to visit a branch. Please note the following when depositing checks from your mobile device:All check payees must be listed on the account where the check is being deposited Proper endorsement is always required. This includes the signature of all payees as well as the statement “For mobile deposit only to MVSB” There is a $5,000 daily limit, and $15,000 rolling 30-day period limit for mobile deposits The daily cutoff is 4:30pm. Checks deposited […]
Retirement Plan Related Provisions of the CARES Act and SECURE Act
The Coronavirus Aid Relief and Economic Security (CARES) Act contains many retirement plan related options designed to assist the millions of Americans affected by the pandemic. While we advise that you consult with your tax advisor to review all the details of the CARES Act and how it applies to your specific situation, there are some benefits that we wanted to ensure all of our customers were aware of:Individuals may be able to withdraw up to $100,000 in total from eligible retirement plans without paying the 10% early retirement tax provided that they are diagnosed with COVID-19 or suffer adverse […]
