Local banks work on PPP funding

Banc First’s Sheri Owens (left) and Will Bain (right) review loan documents on April 21. Owens, the Madill branch’s vice president and loan processor, and Bain, the Madill branch’s vice president and commercial lender, have are among a group of bankers who have worked extra hours to process additional loans under the Payroll Protection Program Matt Caban • The Madill Record
Four banks with a local presence (BancFirst, First National Bank, First United Bank and Simmons Bank) have been working with local businesses to process forgivable loans as part of the federal governement’s recent Paycheck Protection Program, which was passed into law as a response to the coronavirus. The PPP authorizes up to $349 billion in forgivable loans to small businesses to pay their…

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