The President's Message:
IBANYS News and Updates
By John Witkowski, President & CEO

Beginning March 16, IBANYS has sent out daily (often, more than once daily) updates to New York community banks to provide information and developments regarding the impact that coronavirus (COVID-19) is having on New York community banks, as well as legislative and regulatory developments. If you have missed any of these communications, or would like to refer back to them, each is included on our website . Click the link:

IBANYS, today, wrote to the New York Congressional Delegation to support ICBA's recommend actions that Congress provide at least an additional $250 million for the Paycheck Protection Program (PPP), and to urge the adoption of a set of recommendations to modify the PPP. Here is the ICBA letter, and here is IBANYS' letter to the New York Congressional Delegation.

IBANYS continues to work with a wide array of resources to provide information to New York community banks as additional details, programs, initiatives and updates become available. We are in contact with the New York State Department of Financial Services, OCC, FDIC, the Federal Reserve, Members of our New York Congressional Delegation & State Legislature, our partners at ICBA, the SBA and a number of our fellow state community banking trade groups around the country. We will continue to keep you informed as more information becomes available. . .watch for our daily updates, and check our website for previous ones.

# # # # #

All IBANYS meetings through July 1, 2020 have been POSTPONED.