In observance of the federal holiday, our Grand Avenue drive-thru will be closed on Saturday, July 4. Please note our other locations are not open on Saturdays. All branches will resume regular business hours on Monday, July 6.
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Introducing your new statement!
New easier to read statements with added benefits. We are excited to introduce you to your new, easier to read account statements. We hope you enjoy the added benefits these statements offer. Thank you for banking with BankCherokee. Benefits: New, easy to read design. Statements are in color. Includes additional information to keep you informed…
PPP Loan Forgiveness
Paycheck Protection Program – Loan Forgiveness We are currently accepting applications for the forgiveness of PPP loans made by BankCherokee. Typically, PPP borrowers have 16 months after first receiving funds before loan payments begin. Accordingly, first round PPP borrowers will be required to start making loan payments as early as August of 2021. We are…
New Report Highlights the Contributions of Community Banks to the Paycheck Protection Program
An analysis of call report data from FDIC-insured banks finds that community banks are playing a vital role in supporting small businesses through the Small Business Administration’s Paycheck Protection Program (PPP). Community banks hold nearly a third of all bank-held PPP loans, compared to holding only 15 percent of all bank loans, according to a…
Federal Holiday – Bank Closed Friday, June 19
In observance of the federal holiday, all BankCherokee branches will be closed on Friday, June 19. All branches will be back to serve you with regular business hours on Monday, June 22. (Grand Ave. Drive-Thru open Saturday, June 20). Important Processing Information:
MLK Day of Service
BankCherokee Partners with Steller Kindness Project to Support the Homeless “The time is always right to do what is right.” -Martin Luther King Jr. Twenty-five years ago, the third Monday of January was designated as an annual federal holiday to honor the life and legacy of Civil Rights Leader Martin Luther King, Jr. While it…
Washington Proposes IRS Bank Account Reporting
We care about you, your finances, and your account with us, so we want to let you know about a concerning proposal taking shape in Washington, D.C. If passed, the proposal would require financial institutions like ours to report a larger range of information about your account to the IRS. This new reporting plan could…
