In 2020 more than 3,000 businesses received a total of $465,000,000 under the SBA’s Paycheck Protection Program, thanks to all Tompkins community banks and their work to expedite the program. These efforts have protected more than 30,000 jobs across New York State and Pennsylvania. Our teams worked around the clock to process applications because we knew how important it was to protect the paychecks of as many local members of the community as possible.
Tompkins was proud to offer loan payment deferment for various loan types, including consumer and commercial loans and mortgages. We were quick to offer these programs prior to government orders issuing the guidance across the board, setting an example for financial institutions across our communities.
Tompkins offered low interest loans to employees who were financially impacted by the COVID-19 pandemic. We recognized that some of our team members may have experienced increased expenses or loss of household income, and we were pleased to be able to offer this program on an as needed basis.
Deposit and loan products are offered through Tompkins Community Bank, Member FDIC. Investments and insurance products are not FDIC insured, are not bank guaranteed, and may lose value. Tompkins Insurance is licensed to conduct insurance business in all 50 states. Loans subject to credit approval.