Technology Helping Community Banks Like Vista Assist Clients During Pandemic
By Angus Loten June 9, 2020 4:48 pm ET Small businesses have been barred from using software robots to apply for loans under the federal Paycheck Protection Program. But makers of the bots are leveraging the enormous task of processing those loans as a selling point to banks. Some of the nation’s largest makers of robotic […]
DBJ Reports Vista Top 25 PPP Banks in North Texas
By Rebecca Ayers – Staff Writer, Dallas Business Journal July 7, 2020 The U.S. Small Business Administration released a portion of Paycheck Protection Program loan information on Monday that contains national data down to the ZIP code for recipients of the funding earmarked to help small businesses weather the economic fallout and uncertainty brought on by the coronavirus […]
Vista Bank Among Participating Main Street Lending Program Lenders
By Andy Medici and David Ajamy – Dallas Business Journal Jun 26, 2020, 5:50pm CDT Updated Jul 2, 2020, 3:11pm CDT The Federal Reserve’s $600 billion Main Street Lending Program has been signing up lenders — but not all DFW banks have joined up. The program — first announced as part of the Fed’s larger $2.3 trillion package of loan and […]
Local Bank Lender Participates in Roundtable with Treasury Secretary
By Taylor Tompkins – Data Reporter, Dallas Business Journal Jul 3, 2020, 8:33am EDT Community bank leaders from across the country met with the United States treasury secretary Wednesday to discuss the federal government’s financial response to the coronavirus pandemic’s effects — and North Texas had a seat at the table. Vista Bank CEO John Steinmetz attended the roundtable […]
The Fed’s new $600 Billion COVID-relief Program Allows Small Banks to Play in the Big Leagues
Family-owned, century-old Vista Bank weathered Texas’ devastating Dust Bowl, endured a couple world wars and survived the bank-busting Great Recession. Now, as a highly contagious virus infects the global economy, the 15-location community bank is taking on one of the biggest business loan programs ever launched in the U.S. Vista is one of 15 lenders […]
CNBC Power Lunch with Kelly Evans
THU, APR 16 20201:38 PM EDT CNBC’s Kelly Evans discusses how community banks worked diligently with interagency support including the Federal Reserve and the Small Business Administration to roll out the Paycheck Protection Program (PPP), helping keep real people off the unemployment line. Driving home the need for a second tranche, John reveals to the […]
How Vista Bank and the Main Street Lending Program Help Small Businesses Recover From COVID-19
BY ALEX EDWARDS • JUL 29, 2020 The government has been hard at work in its efforts to save small businesses in the U.S. from the backlash of the COVID-19 pandemic. The Paycheck Protection Program (PPP) was rolled out months ago to help businesses with 500 employees or fewer keep their workforce employed. On July 6, the program […]
Texas-Based Vista Bank Offers Federal Reserve’s Main Street Lending Program As PPP Loans Wane
August 6, 2020 by James Thomas, Southern Dallas Magazine In the wake of the pandemic, over 41% of black-owned businesses across the United States have closed for good. As many small to mid-sized businesses struggle across the nation – the fight continues as they do everything realistically possible to keep the doors open. One Dallas bank in particular […]
What DFW lenders are saying about interest and demand in Main Street Lending Program
By Rebecca Ayers – Staff Writer, Dallas Business Journal Now that the Paycheck Protection Program has come to an end, the Federal Reserve’s Main Street Lending Program (MSLP) is still winding up. Reports show that demand in the initial roll-out of the MSLP hasn’t been nearly as high as it was with the PPP. But some local lenders […]
The Day a Community Bank Saved a Front-Line Medical Practice from Ruin
By Kerry Curry Senior Communications Writer Dr. Guy Culpepper, a family doctor for 32 years, started with just two employees and grew Bent Tree Family Physicians (Bent Tree) in Frisco, Texas, into a powerhouse 16-provider group with over 70 employees and 25,000 patients. As COVID-19 infections began to spread in mid-March, he gathered his staff […]
