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.
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Centric Bank Announces Opening of Paycheck Protection Program Portal for Second Round of Stimulus Funding
Centric Bank Announces Opening of Paycheck Protection Program Portal for Second Round of Stimulus Funding
HARRISBURG, Pa., Jan. 14, 2021 /PRNewswire/ Centric Bank has opened its portal for the second round of the Small Business Administration s Paycheck Protection Program (PPP) funding, effective immediately to
all small businesses in Centric Bank s markets, which include the Harrisburg, Lancaster, and Philadelphia regions, South Jersey, and New Jersey counties adjacent to Pennsylvania.
“Our focus continues to be acting as a lifeline to businesses so they can keep their doors open and sustain their employees through the SBA s Paycheck Protection Program,” says President and CEO Patricia A. (Patti) Husic. “In 2020, we were privileged to fund more than 1,850 PPP loans totaling more than $215 million to existing customers and new customers. Now, our portal is onc
PPP loan applications open today with a tighter focus on small business January 15, 2021
1:30 pm
Lenders with less than $1 billion in assets can now submit applications for the second round of the Paycheck Protection Program (PPP) starting today, but borrowers looking to use the program a second time will have more hoops to jump through than they did last year.
The newest rollout of the program by the U.S. Small Business Administration is nearly identical for first time PPP borrowers, but businesses looking to draw from the program a second time, will face a number of changes to ensure funds go to more small businesses.
PPP loan applications open today with a tighter focus on small business January 15, 2021
1:28 pm
Lenders with less than $1 billion in assets can now submit applications for the second round of the Paycheck Protection Program (PPP) starting today, but borrowers looking to use the program a second time will have more hoops to jump through than they did last year.
The newest rollout of the program by the U.S. Small Business Administration is nearly identical for first time PPP borrowers, but businesses looking to draw from the program a second time, will face a number of changes to ensure funds go to more small businesses.