When COVID-19 turned the world upside-down, many local businesses and community organizations that were forced to close faced an immediate need: funds to cover payroll. At Oregon Pacific Bank, our team was ready to do what it does best – help the community.
In this video, Brian Steffen, CEO of the Eugene Family YMCA, shares the struggle they endured trying to secure a paycheck-protection loan with their previous bank and the relief they found when they turned to Oregon Pacific Bank and were approved.
“They stepped forward when we had a lot of uncertainty. They met all of our needs quickly and responsively and they helped us stabilize during a most unstable time,” Brian says.
You’ll also meet John Raleigh, Executive Vice President and Chief Lending Officer, who explains how our commitment to service is woven into the fabric of Oregon Pacific Bank.
“The PPP process was no different than how we normally do business,” John says. “We want to make sure everyone succeeds.”
In the days that followed, the Eugene Family YMCA was able to cover its payroll and provide emergency childcare for families, wellness check-ins for members, and online fitness classes for the community.
In all, Oregon Pacific Bank has loaned more than $125.2 million to 752 businesses and nonprofits in Lane, Coos, Douglas and Jackson counties, as part of the U.S. Paycheck Protection Program, retaining more than 15,000 local jobs. Part of the CARES Act, these forgivable loans provide a direct incentive for businesses and nonprofits to keep workers employed during the crisis.