New SBA Direct Forgiveness Portal
Instructions for Paycheck Protection Program (PPP) Loan Forgiveness Applications up to $150,000 Great news! The SBA has launched a streamlined portal for borrowers to apply for PPP loan forgiveness directly through the SBA. This Direct Forgiveness Portal allows borrowers, whose PPP loans are $150,000 or less, to apply for forgiveness by submitting a simple prefilled…
Credit card vs. debit card. What’s the difference?
by Samantha Kerr, AVP – Signature Banker Whether you choose to use a credit or debit card can depend on your specific financial situation. Something to keep in mind is that the pros of a credit card can become cons if not used responsibly. Credit cards can improve your credit, provide a secure way of…
Four financial lessons to take away from the pandemic
by Celia Cameron, AVP – Branch Manager Our life experiences shape our attitude and impact our decisions. This affects everything from what we eat, where we vacation and how we spend, invest, and save our money. Events that are more recent tend to have a greater impact on human decision making, especially those that are…
West Duluth Closure Notification
First and foremost, thank you. Thank you for being a National Bank of Commerce customer and keeping your deposits local. Banking locally allows your deposited dollars to be reinvested into our community. After careful thought and consideration, we have decided to permanently close the National Bank of Commerce West Duluth branch located inside Super One…
Lobbies to Reopen
Starting January 19, 2021 all National Bank of Commerce lobbies will be reopened with the exception of West Duluth. We are excited to welcome the return of familiar faces, as well as new ones, as we make efforts to follow the plans set forth by the Centers for Disease Control (CDC), federal OSHA standards, and…
Paycheck Protection Program (PPP) Update
Guidance for the Paycheck Protection Program (PPP) loan and what we know today. Currently accepting applications for Second Draw PPP loans. During the first round of the Paycheck Protection Program, National Bank of Commerce made 865 loans, totaling over $125 million dollars in relief to our region’s businesses. We are a preferred SBA Lending Institution.…
Second Round of Payments
The Internal Revenue Service (IRS) and the Treasury Department are delivering a second round of Economic Impact Payments to millions of Americans. There is no action required by eligible individuals to receive this second payment. You may see a pending direct deposit or provisional payment in your account before the official payment date of January…
Online & Mobile Banking
We are currently experiencing issues within our online and mobile banking platforms. The systems are facing very high volume, likely due to the anticipated release of the second round of Economic Impact Payments. We apologize for any inconvenience and appreciate your patience.
‘Tis the season for holiday hours! Please note that our lobbies are still restricted to appointment only. You can schedule an appointment by clicking here and view our drive thru hours here.
Lobbies Restricted to Appointment Only
We are taking steps to make sure we can continue to serve you while maintaining the health and safety of our associates as our nation continues to deal with the COVID-19 pandemic. Given the evolving concerns around COVID-19 and to help support the direction of community health management efforts, we are restricting our lobbies to…