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Mary Fowler
Chief Executive Officer
The Peoples Bank
Magnolia AR
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Original Message:
Sent: 04-13-2020 10:55
From: John Barrett
Subject: PPP Loan Program
We're a small $450mm Tampa based community bank and SBA7a has been a small business line for the past three years. Does anyone have clarity as to whether it's acceptable to make a PPP loan to a director that sits on your bank board? I'm primarily concerned with acceptability from the SBA's viewpoint.
Thanks for any insights,
Jack Barrett
John M. Barrett
President & Chief Executive Officer
jbarrett@firstcitrus.com
T: 813.926.1314
10824 North Dale Mabry Hwy.
Tampa, Florida 33618
First Citrus Bank | LinkedIn | Facebook | YouTube
American Banker 2019 Top 200 Community Bank
Greater Tampa Chamber 2019 Small Business of the Year Winner
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