Savings Bank of Walpole Presented With Emerging Lender Award by New Hampshire Small Business Administration for Support of Paycheck Protection Program
Keene, NH – Savings Bank of Walpole was recently presented with the Emerging Lender Award by the New Hampshire Small Business Association (SBA) for its support of the Paycheck Protection Program (PPP). The award was presented to the Bank during the New Hampshire SBA’S Small Business Week event which recognized the contribution of the top lenders for 2020. Accepting the award on behalf of the Bank was Steve Bianco, Senior Vice President and Senior Lender for Savings Bank of Walpole.
The Paycheck Protection Program is an SBA loan designed to provide a direct incentive for small businesses to help keep their workforce employed during the COVID-19 crisis. Since the PPP was introduced this past April, Savings Bank of Walpole has approved and funded more than 468 PPP loans for a total of $39,278,800.
“We’re extremely proud to be recognized by the New Hampshire SBA with an Emerging Lender award for our support of the PPP program,” says Mark Bodin, President for Savings Bank of Walpole.
“As a truly local bank, it’s our mission to support small businesses in our community in any we can and we’re gratified to have been able to secure nearly $40 million in PPP loans for our local community through this program.”
Founded in 1875, Savings Bank of Walpole is headquartered in Cheshire County and serves the Connecticut River Valley and Monadnock Regions of New Hampshire and Vermont from offices in Walpole and Keene. With assets totaling $545 million, the Bank offers a wide range of financial products, including services to individuals, businesses and organizations. The Bank is affiliated with NH Mutual Bancorp, further enhancing the quality products and services it provides to customers. The Bank is a partner of the NHTrust1 brand to better serve customers by providing localized trust and wealth management products and services. Savings Bank of Walpole is an equal housing lender, and member of the FDIC. For more information visit www.walpolebank.com or call (603) 352-1822.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.