County Bancorp, Inc. Provides Update on Businesses Served Through Paycheck Protection Program
April 14 2020 - 12:11PM
County Bancorp, Inc. (NASDAQ: ICBK), the parent company for
Investors Community Bank ( “the Bank”), provided an update on the
Small Business Administration’s (“SBA”) Paycheck Protection Program
(“PPP”) and how the Bank is committed to serving its customers and
communities affected by COVID-19.
The Bank began accepting PPP applications on April 3, 2020 and
as of Tuesday, April 13 it had received more than 553 applications.
To date the SBA has approved 510 of these applications, totaling
$79.6 million. The total dollar amount funded so far is $52.5
million from 288 loans. This represents more than 6,500 jobs
supported within the Bank’s communities. The Bank expects to fund
the remaining approved loans within the next couple of days.
“As a community bank, our mission is to serve the needs of
businesses, families and farms,” said Tim Schneider, CEO of
Investors Community Bank. “Now more than ever, we are dedicated to
keeping our customers and community strong. I am humbled by how
quickly our team responded in this time of need. We are leveraging
the strength of our entire organization, working day and night to
process our customers’ applications so they can continue to keep
their businesses and farms operational. Our customers have been
beyond appreciative of our support in their time of need, and we
remain committed to helping our customers and communities
successfully navigate this unprecedented environment.”
For more information on their business relief programs visit
www.investorscommunitybank.com/covid-business-financial-relief.
About County Bancorp,
Inc.County Bancorp, Inc., a Wisconsin
corporation and registered bank holding company founded in May
1996, and our wholly-owned subsidiary Investors Community Bank, a
Wisconsin-chartered bank, are headquartered in Manitowoc,
Wisconsin. The state of Wisconsin is often referred to as
“America’s Dairyland,” and one of the niches we have developed is
providing financial services to agricultural businesses statewide,
with a primary focus on dairy-related lending. We also serve
business and retail customers throughout Wisconsin, with a focus on
northeastern and central Wisconsin. Our customers are served
from our full-service locations in Manitowoc, Appleton, Green Bay,
and Stevens Point and our loan production offices in Darlington,
Eau Claire, Fond du Lac and Sheboygan. Visit our Investor Relations
site for details: http://investors.icbk.com.
Investor Relations ContactGlen L. StiteleyEVP -
CFO, Investors Community BankPhone: (920) 686-5658 Email:
gstiteley@icbk.com
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