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Community Impact Update
May 29, 2020
At American Community Bank, we stand behind the Northwest Indiana community. Here are some details on the new programs offering support and relief for local communities negatively impacted by the unusual circumstances created by the COVID-19 pandemic.
Paycheck Protection Program
The bank is an active participant in the Paycheck Protection Program (PPP) made available through the Small Business Administration (SBA). It is designed to help small businesses continue to meet payroll needs despite temporary reduced income. To date the bank has provided the following assistance to the NWI area:
Processed over $20.5 million in aid to date
Secured aid for 281 businesses
Helped 2,651 employees preserve their jobs
Coronavirus Hardship Relief Program
The bank's own Coronavirus Hardship Relief Program, designed to help residential mortgage customers needing relief options due to temporary reduced income. To date the bank has provided the following assistance to the NWI area:
Provided relief for over $5.9 million worth of loans
Helped many local friends and neighbors preserve home ownership
We’re Here for You
We have dedicated ourselves to our customers and communities. We remain steadfast in our support and will continue to be here for you. We support the communities that have supported American Community Bank for over 110 years. If you have any questions or concerns, please give us a call.
President and CEO