Tompkins Mahopac BankAwards & Recognition TMB Helps More Than 840 Pandemic-affected Local Businesses

More than 840 Hudson Valley companies have received a total of $116 million under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), thanks to Tompkins Mahopac Bank’s work to expedite the program.

“Small businesses and their employees are the backbone of the local economy and are key partners to us as the Hudson Valley’s community bank,” said President and CEO Gerald J. Klein, Jr. “We wanted to do our part to support these businesses, so our team worked to process the loans as quickly and efficiently as possible. Even when that meant working nights, weekends and in between, we’re thankful to say these efforts have helped to cover payroll, interest, rent and utilities payments for local businesses and protected more than 7,000 local jobs.”
“As a small business owner with bills to pay during the pandemic, I was worried about the future of my business,” said Dr. Hongli Wang of Beacon Dental. “I owe Tompkins Mahopac Bank a debt of gratitude as I now know I have the finances to see some light at the end of the tunnel. That is because of the bank and the time they took to help me.”

Since its pandemic response also required the bank to restrict services to drive-up, ATM, phone and internet banking, staff also worked diligently to educate customers about electronic services.

“As an essential business, we know we’re fortunate to be able to stay open and accessible to customers,” Klein said. “That’s why we continue to do everything possible to support our friends and neighbors as we work hard to rebuild.”

About Tompkins Mahopac Bank
Tompkins Mahopac Bank, part of Tompkins Financial Corporation, has personalized service, local decision-making and a broad range of services for consumers and businesses. Wealth management services are provided through the offices of Tompkins Financial Advisors. Whether you prefer branch or remote mobile banking, we provide the breadth of services and local decision-making to make what’s possible a reality. Locally Focused. A World of Possibilities. More information is available at www.mahopacbank.com.

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