The CARES Act:
Impact & Implications for Community Banks

(90-minute webinar – recording also available)

Friday, April 10, 2020

This is a morning webinar

8:00 AM Pacific            9:00 AM Mountain

10:00 AM Central         11:00 AM Eastern

The CARES Act is part of the $2.2 trillion stimulus bill.  How will that impact community banks and their customers?  The law is already in effect.  Do you understand the provisions?  Are you ready for the projected increase in new loan requests and modifications? 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Discuss and manage strategies regarding CARES Act provisions that impact community financial institutions
• Assist commercial borrowers with pending SBA relief programs, including the $349 billion Paycheck Protection Program, which will provide an immediate infusion of capital to cover certain costs
• Develop processes to meet the anticipated volume of loan modifications and new loan requests
• Understand the temporary relief from TDR provisions of the Act

WEBINAR DETAILS

The coronavirus (COVID-19) has changed our personal and economic lives in ways that most could not imagine.  The US and world economies have been impacted in such a way that every household and business has felt some effect from required isolation or the disease itself.  To survive this global pandemic, businesses of all sizes and across multiple industries need capital – and quickly.  In response to the economic need for a capital infusion, the federal government responded with a $2.2 trillion stimulus titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which became law on March 27, 2020.

The CARES Act includes provisions which directly impact community banks.  As during other catastrophic events, our nation’s financial institutions stand at the frontlines, offering customers support, confidence, and much needed financial resources.  Financial institutions will be critical in delivering capital into the nation’s economy through the various SBA programs outlined in the Act, including the Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL), and subsidies for certain loan payments.  In addition to SBA programs, the Act has multiple provisions that have direct impact or management implications for financial institutions.  This presentation will provide a broad scope of the Act’s provisions which need to be addressed as institutions navigate through our new, temporary, normal.

WHO SHOULD ATTEND?

This informative session will provide a broad overview of the impact of the CARES Act.  It will benefit senior management, directors, business bankers, and work-out specialists. 

TAKE-AWAY TOOLKIT

• Content-rich slides with Act citations to enable management’s continued research
• Employee training log

DON’T MISS THESE RELATED WEBINARS!

New FMLA Families First Requirements for Paid Leave Effective April 1, 2020

on Monday, March 30, 2020

Interagency Statement on Loan Modifications:
Working with Borrowers Impacted by COVID-19

on Thursday, April 9, 2020 

     MEET THE PRESENTER - Aaron Lewis, Young & Associates, Inc.

Aaron Lewis is a senior consultant at Young & Associates, Inc. With over 15 years in the banking industry, his expertise is now dedicated to the lending division of Young & Associates where he assists financial institutions with loan, ALLL, policy, and credit-process and compliance reviews.  He also conducts seminars on credit risk and compliance.

Prior to joining Young & Associates, Aaron was the Vice President Credit Administrator of a community financial institution in southeast Michigan and managed all facets of the lending function, including originations, underwriting, ALLL analysis, servicing, and secondary market compliance.  He holds a Bachelor’s in finance from Michigan State University and graduated from the Graduate School of Banking, University of Wisconsin.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

THREE REGISTRATION OPTIONS

1. LIVE WEBINAR

The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com. 

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE