Citizens Bank Approves $126.5 Million in PPP Loans for 1,029 Local Businesses
Under the program’s guidelines, banks have 10 days to close and fund a loan once it is approved by the SBA, but according to Gordon Zimmerman, President and CEO, Citizens Bank’s dedicated staff was able to complete the process for many customers in just a few short days.
“Our staff has worked around the clock to go above and beyond for our customers and communities,” said Zimmerman. “We have closed months of normal loan volume in just days.”
While the PPP is a government sponsored program, funding these loans is the responsibility of Citizens Bank. Local deposits from the Bank’s customers are providing critical support to our friends and neighbors throughout our communities during this Pandemic. This is true community banking at its best.
“Our communities deserve our best and I assure you Citizens Bank and its employees will continue this meaningful work until program funds are exhausted,” stated Zimmerman. “We remain committed to disbursing these funds within the guidelines of the program - fairly, equitably and timely. We will continue these efforts until every single loan is funded and the program is complete.”
“Don Zinter from Citizens Bank, along with my CPA and I worked a lot of hours over the weekend of April 17th to get the applications completed and submitted correctly. The game kept changing, the rules were vague, and we needed the money. We got our application submitted early and without the support of Don and Citizens Bank, we would not have received the money.”
CEO, Columbia Roofing & Sheet Metal
"Jon Johnson and Citizens Bank were beyond great. I was late on a submission for round 1 and Jon was great at following up and making sure I got in to round 2 consideration. He even walked paperwork from the bank to the store for me to sign. They were just amazing."Linda Hays
Owner, Hopscotch Toys
The Oregon City Branch Celebrates Community Bank Week with a Big Thank You to 15 Wonderful Civic & Community Organizations
OREGON CITY – On Wednesday, October 21st, Citizens Bank's Oregon City Branch welcomed customers and community members to their parking lot for a drive-through "vote" for their favorite civic organizations. The “voting” had a bit of a carnival game feel, with participants receiving three pennies which they attempted to toss into one or more large baskets representing each of our 15 wonderful community partner organizations, all from the safety of their own cars.
EVERY ORGANIZATION WAS A WINNER! The Oregon City Branch donated a total of $2,000 with the community partner's basket with the most pennies receiving $400, 2nd place $300, and everyone else $100.
Once the voting was over and the pennies counted, Bloomin’ Boutique took 1st place, Clackamas Volunteers in Medicine came in 2nd. This was a fun opportunity celebrate the Oregon City community and thank these great organizations for the work they do.
Citizens Bank and University Hero Provide Lunch to Evacuees & Volunteers
CORVALLIS – On Wednesday, September 16th, Citizens Bank partnered with our friend and neighbor, Corvallis restaurant University Hero, to provide lunch for the 495 evacuees and volunteers in Linn and Benton Counties. Distribution to those in need was coordinated by the wonderful volunteers from Benton and Linn County Emergency Services, The Salvation Army and the Red Cross.
“As the wildfire situation continues to evolve, it is humbling to see our communities rally around those in need,” said Gordon Zimmerman, President & CEO. “Our citizens are actively coming together to offer care and support for all who continue to be impacted by these fires.”
Citizens Bank Announces Scholarship Recipients
CORVALLIS – Citizens Bank has announced the winners of this year’s Citizens Bank Community Bank Week Scholarship. Five outstanding local high school seniors were awarded $1,000 to support their respective college educations. Each awardee participated in a hosted visit of a Citizens Bank branch and was selected based on their essay describing what they learned about community banks and their benefit to local economies. Below are this year’s scholarship awardees:
- Alison Brown, Oregon City High School
- Dana Dale, North Clackamas Christian School
- Sarah Forester, Corvallis High School
- Jenna Kister, Junction City High School
- Nicole Rogers, Lakeridge High School
20th Annual Flower Basket Sale Raises $4,270 for the American Cancer Society
McMinnville – For the 20th consecutive year, Citizens Bank and Country Garden Nursery came together to raise money for the American Cancer Society with beautiful hanging flower baskets. Citizens Bank sold 413 baskets, making $4,270. This year did present some challenges with social distancing in place. We scheduled basket pick-ups throughout the week at the Branch, with Country Garden accommodating larger order pick-ups directly at the nursery. Despite the obstacles, it was one of the best sales we have had! People were thrilled to have a little beauty during this difficult time.