leadf
logo-loader
viewChesapeake Financial Shares Inc.
(
OTCQX:CPKF
)

Chesapeake Bank processed around 929 of PPP loans worth $75M in a 3 week period

Chesapeake Financial Shares, Inc. (OTCQX:CPKF) subsidiary Chesapeake Bank CEO Jeffrey Szyperski tells Proactive the Virginia-based community bank while applications have slowed down for Paycheck Protection Program loans, it processed around 929 of these loans worth $75M in a 3 week period.

Szyperski says he expects another busy few months while small business owners file for a modified loan forgiveness application through the Paycheck Protection Program Flexibility Act (PPFA).

Quick facts: Chesapeake Financial Shares Inc.

Follow
OTCQX:CPKF

Price: 28.8 USD

Market Cap: $139.29 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Chesapeake Bank ranked as one of the 'Top 200 Community Banks' by American...

Chesapeake Financial Shares, Inc. (OTCQX:CPKF) CEO Jeff Szyperski tells Proactive the group has been ranked 117 out of American Banker's top 200 community banks for its 14th year in a row, which is based on a bank's 3 year rolling average return on equity (ROE). Szyperski says the group is...

on 06/29/2021

2 min read