Last week, Tallahassee-based Capital City Bank announced that through Paycheck Protection Program (PPP) loans that it saved more than 25,000 jobs in the three states it operates in.
The bank announced that it approved more than 2,200 loans totaling around $190 million. This includes more than 650 small business loans in the Big Bend area which totaled around $63.3 million.
PPP was part of the $2.3 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act that Congress and the White House agreed on at the end of March.
Capital City Bank President Tom Barron weighed in on his bank’s role with PPP loans.
“In more than 125 years of business, Capital City Bank has endured wars, economic downturns and profound industry changes by focusing on what matters most: our clients, our communities, and our commitment to helping our hometowns thrive,” said Barron on Thursday. “Our bankers are proud to continue this long-standing tradition as we work to serve and support our clients and communities during this difficult time.”
Capital City Bank has branches in Florida, Alabama and Georgia.