Message from the KBA
Message from Ballard Cassady
05/02/2020It seems as if it was actually a week of two tales. What started out as a week of horror stories with the SBA actually ended on a good note with most of our banks getting all of their applicants processed fairly smoothly. There are no totals out yet from the SBA on loans made or dollar amounts by state since the last report Wednesday of this week. We should be getting this week's total numbers by Monday at the latest.
Once again I want to thank each of you for your perseverance and your dedication to your communities. We are on the phones daily, all day with my counterparts, Treasury, SBA, ABA and Congressional members. Believe me when I tell you that Kentucky Bankers are among the best if not THE best.
We still have miles to go on questions like fee income, forgiveness of loans and guarantees on the PPP issue alone. We will also be looking a little further down the road on the economy and what long term affects it will have not only on our communities but on our banks as well. There will always be unintended consequences on government programs like this and we will be prepared to face those together as they come. Be safe and well!
President & Chief Executive Officer