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Latest News and Events

Effective April 17, 2020

SBA Paycheck Protection Program 

Mission Bank is proud to have been one of the first banks nationwide to begin processing loans under the PPP. As of April 16, 2020 we received SBA approval for $95 million dollars in stimulus funds to 416 local businesses, positively impacting an estimated 9,500 jobs throughout our local communities and fulfilling our core purpose: to fuel and grow vibrant and prosperous communities.

Mission Bank provides economic relief to its communities by offering modified loan payments

The Bank will offer temporary payment relief to borrowers in response to the widespread effects of the COVID-19 crisis. Impacted customers will be able to defer payments for up to 90 days or make interest-only payments for up to 180 days. Refer to the link for Mission Bank's press release dated March 21, 2020 below.

Mission Bank is focused on its business customers and recognizes the widespread effects of this crisis that are going across almost all industries. This is an opportunity to cushion the initial decline and aid our customers in the recovery process. We encourage our borrowers to contact their Mission Bank representative, who can work with you on a case-by-case basis. 

Bank Operations Changes due to Coronavirus Impact

In order to best protect our customers and team members, and to limit the spread of the coronavirus, the bank has taken the following measures:

  • Lobby hours are reduced at all Business Banking Centers. See the Contact Us / Locations / Hours page for details on individual locations.
  • Business Banking Centers will process customer transactions one customer per teller at a time. Our doors will remain locked during this time.
  • Cash transactions are limited to a maximum of $10,000 per customer, per day.
  • Money Service Businesses can order cash in amounts within the allowed Fed shipment standards.
    • All MSB cash orders must be preordered and delivered directly from the Fed. No urgent or same day orders will be allowed.
    • MSBs will NOT be able to redeposit excess cash from the Fed order.
  • Many of our team members are working remotely. Limited staffing may cause a slight delay in service.

We encourage you to utilize alternative channels of banking such as our mobile app, mobile deposit, telephone banking, ATMs, and night drop services.
 

Previous communications:
SBA Paycheck Protection Program Update April 3, 2020
CARES Act Update March 31, 2020
Press Release dated March 21, 2020
Letter dated March 16, 2020

Letter dated March 12, 2020

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