Business View Magazine | Volume 8, Issue 11

117 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 11 1ST COLONI AL COMMUNI TY BANK looked like as a result of COVID,” White says. “We also jumped right in and started lending on the commercial side for Paycheck Protection Program loans.” Between the two rounds, 1st Colonial funded over $100 million in PPP loans, with 99 percent of first round loans already being forgiven. They were able to streamline their processes in order to take loans from initial application through to funding in less than a week’s time. “I think the key differentiator for 1st Colonial and for community banks in general is our accessibility a surprise for all of us that we found ourselves having to go through this exercise, but it proved to be pretty beneficial.” Thanks to the bank’s robust online and mobile banking capabilities, customers faced little to no disruption. And once they could return to in-person banking, 1st Colonial was ready to help its customers recover from the pandemic’s losses. “We were taking a deep look at our loan portfolios to ensure that our customers were not having any material impact, and we were really understanding of what that risk profile