In the second round of PPP, smaller loans were made to fewer companies | Business premises
• Evans Bank’s PPP loans this year fell 46% to 1,018, and its total loans fell 55% to $ 88.8 million.
• Citizens Bank’s PPP loans in western New York State fell 28% to 1,063 and its dollar loans fell 46% to $ 38.3 million.
• The bank of Buffalo’s 237 PPP loans fell 19% from a year ago, and its P3 loan dollars fell 45% to $ 28.4 million.
• Northwest Bank’s 730 PPP loans for $ 65 million in western New York this year were down from 1,080 loans and $ 124 million last year.
• The Five Star Bank of Western New York, Central New York and the Southern Tier obtained 1,187 PPP loans for $ 106 million this year, up from 1,736 loans and $ 271 million a year ago. . The Warsaw-based bank did not provide specific data for western New York.
The PPP also had a lasting impact on the banks that processed loans for businesses. Some banks recruited new customers who could not get loans elsewhere.
Cutrona has seen how the landscape has changed for companies entering this year. “They’ve been through the worst of the worst, and now they’re looking to get past the second round to get them back to their baseline or, in fact, sometimes even a little better,” he said.
Brozyna said she believes M&T bankers have come to know their business clients better, working closely with them when needed. She also provided an update on the impact of the program on the community, keeping thousands of people on the payroll.