Monnier & Co., CPA’s sees unique challenges ahead
Boeckman
SIDNEY “2020 has presented many challenges for both businesses and individuals. We certainly have had to adjust our way of doing business as well as our day-to-day lifestyle. Most businesses, including ours, have adapted their operation to try to minimize the impact of COVID 19. From wearing masks and sanitizing our workplace to extending the workplace into our homes, we have all had to make adjustments. To some the impact has been moderate, others have not been so lucky. 2021 will continue to present challenges. New laws and regulations came at us quickly. Our goal is to help our clients navigate these new rules,” according to John Boeckman, president and managing partner of Monnier & Co., CPA’s.
Centric Financial Corporation Announces Earnings for 4th Quarter and Year End 2020
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HARRISBURG, Pa., Feb. 18, 2021 /PRNewswire/ Centric Financial Corporation ( Centric or the Company ) (OTC: CFCX), the parent company of Centric Bank ( the Bank ), today reported net income for the fourth quarter and year ended December 31, 2020 of $2.8 million, or $0.33, per basic and diluted share and $9.1 million, or $1.05, per basic and diluted share, respectively.
Highlights of Performance:
Net income increased $335 thousand, or 14%, from third quarter, an increase of $0.05 per basic and diluted share and increased $866 thousand, or 45%, over fourth quarter 2019, an increase of $0.11 per basic and diluted share.
SC s only Black-owned bank receives multi-million equity investment from Wells Fargo Laurryn Salem, The State (Columbia, S.C.)
Feb. 12 South Carolina s only Black-owned bank, which traces its history to 1921 recently received a $3 million investment from one of the world s largest banks.
Wells Fargo announced equity investments in Optus Bank of Columbia and along with five other Minority Depository Institutions nationally.
With the capital from Wells Fargo, Optus Bank can be more equipped to help local minority communities by offering more small business loans, mortgage loans, financial education and a larger deposit-taking capacity. This growth can help meet the bank s mission to serve those previously unbanked, underbanked and historically underserved.
Thursday, February 4, 2021
The long-anticipated wave of civil enforcement actions involving participants in the Paycheck Protection Program (PPP) has begun.
On 12 January 2021, the U.S. Department of Justice (DOJ) announced the first civil settlement resolving fraud allegations against SlideBelts, Inc. (SlideBelts), a California e-retailer and manufacturer of fashion accessories, and its President and CEO, Brigham Taylor.
1 As we have discussed in prior alerts,
2 aggressive criminal and civil enforcement activity targeting PPP borrowers was a foregone conclusion given the minimal safeguards initially imposed by the U.S. Small Business Administration (SBA), the speed with which lenders disbursed loan proceeds, and reports indicating that more than US$4 billion in PPP funds are likely attributable to fraud.
Chemung Financial Corp names Raimundo Archibold Jr to its board bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.