$130 million in Paycheck Protection Program funding approved
Wyomissing, PA. More than 740 southeastern Pennsylvania companies have received a total of $130 million under the SBA’s Paycheck Protection Program, thanks to Tompkins VIST Bank’s work to expedite the program. “Small businesses and their employees are the backbone of the local economy and key to us as a community bank,” said President and CEO Scott Gruber. “We wanted to support them so we tried to get out ahead of the curve and process the loans as quickly and efficiently as possible. We’re thankful to say these efforts have protected more than 7,000 local jobs.”
That focus required essential bank staff to work extended hours, mostly remotely, to reassure customers, explain the PPP program and process the loans. Businesses are using the loans to keep employees on their payrolls as well as cover some interest, rent and utility costs. One customer, Jeff Schatz of Schatz Electric in Reading, was especially pleased with the bank’s promptness and coordination of the program. ”I’m very impressed and very happy with how your team was in the lead on this and how promptly we were able to access funds,” Schatz said.
Since Tompkins VIST Bank’s pandemic response also required it to restrict services to drive-up, ATM, and phone and internet banking, staff also worked diligently to educate customers about electronic services.
“As an essential business, we have been able to stay open and accessible to customers,” Gruber said. “That’s why we have been doing everything possible to support them and our local economy.”
Reminders:
To make an appointment, customers may call their preferred branch or the Tompkins VIST Bank Care Center at 1-888-238-3330
Mobile and Online banking remain available 24/7 for many banking needs, including depositing checks, paying bills, and more. Other service options include:
- Full service 24-hour ATMs
- Night drop depositories (available at most branches)
(The following branches do not have Drive-Up and are available by appointment; Bala Cynwyd Branch GSB Building, Breezy Corner Branch, and Pottstown Branch.)
The company continues to monitor the coronavirus situation closely, and is following the guidance of relevant authorities, including the Centers for Disease Control and Prevention, and various state and local government entities. As such, all functions that can be accomplished outside of a physical branch or office location have been moved to a remote environment.
For the most current information on the actions Tompkins VIST Bank is taking, please visit https://www.vistbank.com/coronavirus-readiness.
About Tompkins VIST Bank
Tompkins VIST Bank, a subsidiary of Tompkins Financial Corporation, is a locally headquartered community bank with 19 branches serving southeastern Pennsylvania. It offers personalized service, local decision-making and a broad range of services for consumers and businesses, including cash management services, commercial loans, and an online business loan application process. Insurance and wealth management services are provided through the Pennsylvania offices of Tompkins Insurance and Tompkins Financial Advisors. Whether you prefer branch or remote mobile banking, we provide the breadth of services and local decision-making to make what’s possible a reality. Locally Focused. A World of Possibilities. More information available at www.vistbank.com, www.facebook.com/TompkinsVISTBank, https://www.linkedin.com/company/vist-financial-corp.
