Covid-19 and Paycheck Protection Program (PPP) Updates

As of November 5th, customers and employees, who are fully vaccinated, are no longer required to wear a mask while entering any of our branches. We ask that those who are not fully vaccinated continue to wear a mask when entering the building.

Although our staff may be fully vaccinated, some may choose to continue wearing a mask. We ask that you respect personal decisions and comfort levels.

If you need customer service and would feel more comfortable if our staff wear a mask while assisting you, please ask, as everyone will have them available and we want YOU to be comfortable while banking with us.

Collinsville Bank – A Division of Northwest Community Bank Is No Longer Accepting Paycheck Protection Program (PPP) Loan Applications

The Small Business Administration announced that Paycheck Protection Program (PPP) funds have been exhausted and that PPP applications will no longer be accepted from most lenders.

SBA has reserved funding for previously submitted loan applications subject to SBA hold codes that have yet to be resolved. However, loan applications that have not yet received an SBA loan number have not been approved. There is also congressionally mandated funding for PPP loans made by designated “community financial institutions,” defined for bankers’ purposes as minority depository institutions and community development financial institutions.

Paycheck Protection Program (PPP) Loan Forgiveness

We are accepting applications for Paycheck Protection Program Loan Forgiveness now. To start your application, click the button below:

Begin Forgiveness Application