First Federal Savings Bank Announces Paycheck Protection Program Results

EVANSVILLE, Ind. - April 24, 2020 - PRLog -- First Federal Savings Bank, through its seven Evansville-area banking centers and Home Building Savings Bank offices in Washington and Petersburg, Indiana, is proud to have assisted 213 local companies in applying for and receiving $33.5 million in the first allocation of the Small Business Administration's (SBA) Payroll Protection Program (PPP) resulting in saving / protecting 4,167 jobs in southern Indiana.  Our knowledgeable loan officers are standing by to quickly and efficiently help more businesses take advantage of the just authorized second round of PPP funding.

First Federal Savings Bank, a subsidiary of First Bancorp of Indiana, Inc. (OTCBB:FBPI), is a true community bank specializing in financial services for individuals, families and small businesses whether buying that first car, purchasing, refinancing or building a home, or purchasing and growing a business.  We also offer both conventional and SBA lending options.

Certain information in this press release may constitute forward-looking information that involves risks and uncertainties that could cause actual results to differ materially from those estimated.  Persons are cautioned that such forward-looking statements are not guarantees of future performance and are subject to various factors that could cause actual results to differ materially from those estimated. Undue reliance should not be placed on such forward-looking statements.

Michael H Head
President & CEO
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Tags:Ppp, First Federal Savings Bank, Commercial Bank, Evansville, Business Lending, Paycheck Protection Program
Industry:Banking, Financial, Loans
Location:Evansville - Indiana - United States
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