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Jim Hegenbarth Named WBA's 2020 Banker of the Year
February 2, 2021
Categories: News & Releases
MADISON, WI (February 3, 2021) — Jim Hegenbarth, President and CEO of Park Bank, has been named the 2020 Wisconsin Bankers Association Banker of the Year for his outstanding commitment to the local Madison community and the broader banking industry during his career.
The Banker Of The Year Award highlights the importance of a Wisconsin banking CEO or President to their local communities - areas where Hegenbarth has made significant contributions.
From...
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PPP Round 2: Small Business COVID Relief
January 21, 2021
Categories: Business, News & Releases
New Paycheck Protection Program Details:Round Two of the Paycheck Protection Program is here. This round of PPP funding includes positive changes that expand program eligibility and provides added benefits for businesses. And, if you received a PPP loan last year, you can apply for another one.
It’s important to apply for this round of PPP funding as soon as possible, as PPP funding is limited...
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Women in Banking: Banking on Women
November 3, 2020
Categories: News & Releases
Park Bank is proud to have these incredible women on our team, and not just because of their contributions to our business. Each of these women serve on the board for local women-led nonprofit organizations.
Leila Godkin, VP of Business Banking, serves on the board for The Business Forum, which, appropriately, is focused on supporting and strengthening women in our community through networking events, special programs, and philanthropic work. This board is led by President...
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PPP Loans Update for Borrowers of Less than $50,000
October 9, 2020
Categories: News & Releases
The Small Business Administration just released new guidance that simplifies the loan forgiveness application for PPP loans of $50,000 or less.
If you borrowed less than $50,000, you will need to complete the two-page application – Form 3508S – which includes certifications from you as the borrower, along with documentation that verifies your forgivable payroll and non-payroll expenses.
In addition, you will need to retain any documentation related to your PPP loan...
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Where You Bank Matters
October 7, 2020
Categories: News & Releases
Where you bank matters. Just ask the Wall Street Journal and Jim Cramer of Mad Money on CNBC, who recently touted the way community banks were able to prove their value through their success assisting small businesses with the Paycheck Protection Program.
The Paycheck Protection Program, or PPP, was put in place to provide assistance to small businesses, offering a forgivable loan if the business retains its employees for eight weeks and the funds are used for payroll,...
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The Way to Economic Recovery? See Your Community Banker
October 7, 2020
Categories: News & Releases
We may have a long way to go for a full economic recovery, but if the statistics from the Small Business Administration are any indication, community banks will continue to play a leading role.
When the Paycheck Protection Program went live back in April, community bankers nationwide were working all hours of the day and night to ensure local businesses had access to the funds they needed to keep their businesses running and our communities strong.
And...
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Pablo Sanchez Named Chair of Overture Center's Foundation Board
October 2, 2020
Categories: News & Releases
We are proud to announce that Pablo Sanchez, Vice President of Community Engagement, has been named as chair of the Overture Center’s Foundation Board of Directors.
This appointment is yet another indication of Pablo’s commitment to serving our community. He is also a member of the Park Bank Diversity & Inclusion Committee, is a member of the Park Bank Recognition Committee, is a board member of the Madison Chamber of Commerce and UW Health, and serves on the Governor’s...
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Park Bank Provides Grants to Nonprofits Focused on Equity
September 22, 2020
Categories: News & Releases
MADISON, Wis. — Park Bank, Madison’s longest-serving community bank, in partnership with the Federal Home Loan Bank of Chicago, is providing $40,000 in grants to Dane County nonprofits through the FHLB Targeted Impact Fund. This fund is dedicated to providing relief to the populations hardest-hit by COVID-19 and promoting equity and opportunity for communities of color, and serves as a complement to Park Bank’s existing financial commitments to nonprofit organizations...
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Josh Marron Named to ICBA Independent Banker’s 40 Under 40: Emerging Community Bank Leaders List
June 5, 2020
Categories: News & Releases
Madison, WI (June 2, 2020)—Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America® (ICBA), recently unveiled its annual 40 Under 40: Emerging Community Bank Leaders list. The award recognizes the nation’s up-and-coming community bank innovators and influencers who represent the future of the industry. Josh Marron, Chief Banking Officer at Park Bank is named to the list.
“From CEOs...
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Park Bank Helping Madison Area Businesses With PPP Loans
May 12, 2020
Categories: News & Releases
Where you bank matters. Just ask the Wall Street Journal and Jim Cramer of Mad Money on CNBC, who recently touted the way community banks were able to provide value, successfully assisting small businesses with the Paycheck Protection Program.
The Paycheck Protection Program, or PPP, was put in place to provide assistance to small businesses, offering a forgivable loan if the business retains its employees for eight weeks and the funds are used for payroll, rent, mortgage, mortgage interest,...
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