Coronavirus: A Message to Our Customers

 

5/14/2020 Update

 
Food Distribution for Those in Need
 
In partnership with the Greater Pittsburgh Community Food Bank, Simon Malls (South Hills Village), Bethel Park Municipality and the Township of Upper St. Clair, SHIM will be hosting a large-scale, drive-through food distribution this Saturday, May 16th, from 11:00 a.m. – 1:00 p.m. at South Hills Village. The distribution is open to everyone and will have enough capacity to serve 1,000 vehicles. Three pre-packed boxes of food will be distributed per car.
 
The distribution will occur at South Hills Village Mall in the parking lots adjacent to the former Sears Automotive Center. All traffic should enter the mall parking lot via Village Drive at the traffic light next to the Port Authority Parking Garage. Directional signage will be posted to assist with traffic.
 
Paycheck Protection Program (PPP) Update
 
Brentwood Bank has successfully guided a number of our business customers through the process of securing PPP funds. If you are an existing Brentwood Bank customer considering a PPP loan, please contact customer service at 412-409-2265.
 

4/7/2020 Update

 
Paycheck Protection Program: Federal Assistance for Small Businesses
 
In an effort to support our business customers during these challenging times, Brentwood Bank is sharing this important information about federal funds that are available to help small businesses cover business expenses. Please note that Brentwood Bank has applied for eligibility to participate in the Paycheck Protection Program and is working to ensure that we are able to help navigate our customers through these challenging times.
 
What is the Paycheck Protection Program (PPP)?
 
In late March, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted to help support businesses and families through the ongoing novel coronavirus (COVID-19) pandemic. In particular, the CARES Act expanded the SBA Section 7(a) loan program, also referred to as the “Paycheck Protection Program” (PPP), which aims to support small businesses.
 
PPP provides some critical benefits, including:
1. Cash to cover select business expenses (such as employee salaries and payroll support, rent or mortgage and utilities payments, insurance premiums)
2. Six months of deferred loan payments
3. Loan forgiveness (a portion, or possibly all, of your loan may be forgiven)
 
Key Points to Know:

  • Length of a PPP loan: two years
  • Interest rate on a PPP loan: 1%
  • Maximum dollar amount of a PPP loan: 2.5x of your average total monthly payments for payroll costs of the business during the 1-year period before the loan is made. Payroll costs include salary, wage, vacation, parental, family, medical or sick leave, severance, health care benefits, and local taxes.
  • Last day to apply for a PPP loan: June 30, 2020
    • BUT, please note that it takes time for you to complete the application and to process your approval.
    • Also, note that there is a limited amount of funds available under the CARES Act for PPP loans, so businesses are encouraged to apply early. Application acceptance dates are as follows:
      • Friday, April 3rd for small businesses and sole proprietorships
      • Friday, April 10th for independent contractors and self-employed individuals
      •  
        The following resources are available to help you learn more and get started with your application:
         
        Coronavirus (COVID-19): Small Business Guidance & Loan Resources:
        https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
         
        Find an Eligible Lender:
        https://www.sba.gov/paycheckprotection/find
         

        3/20/2020 Update

         
        AN IMPORTANT NOTICE TO OUR CUSTOMERS
         
        In an effort keep our neighbors, customers and employees safe, we are temporarily closing all our branch lobbies beginning Saturday, March 21.
         
        • Drive-Thru banking remains open at our Bethel Park, Brentwood, South Fayette and Beaver locations. A walk-up window is open at South Park Shops. Please see the hours of operation below.
         
        • We will manage services that cannot be delivered through Drive-Thru by appointment only. Please contact one of the branches below to schedule an appointment as needed.
         
        • Access your accounts 24/7 through online and mobile banking.
         
        • Customer Service is available at 412-409-2265, Monday–Friday, 7:30 a.m. – 7:00 p.m.
         
        LocationDrive-Thru Hours of Operation
        Bethel Park
        401 McMurray Road, Bethel Park, PA 15102
        Phone: 412-833-5400
        Monday - Thursday: 8:30 a.m. - 4:30 p.m.
        Friday: 8:30 a.m. - 6:00 p.m.
        Saturday: 9:00 a.m. - 12:00 p.m.
        Brentwood
        3635 Brownsville Road, Pittsburgh, PA 15227
        Phone: 412-884-7000
        Monday - Thursday: 8:30 a.m. - 4:30 p.m.
        Friday: 8:30 a.m. - 6:00 p.m.
        Saturday: 9:00 a.m. - 12:00 p.m.
        South Fayette
        3039 Washington Pike, Bridgeville, PA 15017
        Phone: 412-446-2265
        Monday - Thursday: 8:30 a.m. - 4:30 p.m.
        Friday: 8:30 a.m. - 6:00 p.m.
        Saturday: 9:00 a.m. - 12:00 p.m.
        South Park
        5259 Library Road, Bethel Park, 15102
        Phone: 412-833-5455
        Monday - Thursday: 9:00 a.m. - 5:00 p.m.
        Friday: 9:00 a.m. - 6:00 p.m.
        Saturday: 9:00 a.m. - 12:00 p.m.
        Beaver
        Union Building & Loan
        303 Leopard Lane, Bridgewater, PA 15009
        Phone: 724-775-1609
        Monday - Friday: 8:30 a.m. - 4:30 p.m.

         

        3/16/2020 Update

         
        As your trusted, local community bank, Brentwood Bank takes great pride in offering hands-on service and personalized support to our customers and to the communities we serve. As we continue to monitor developments regarding the Coronavirus, the safety and well-being of our employees and our customers remains our top priority.
         

        We Are Here to Help

        We recognize our customers may experience a hardship as a result of the Coronavirus and we are prepared to offer financial assistance, as needed. Please call us at 412-409-2265, Monday through Friday, 7:30 a.m. to 7:00 p.m.
         

        Manage Your Finances Remotely

        • We strongly encourage our customers to take advantage of our online and mobile banking tools so you can access your accounts 24 hours a day, 7 days a week. With just a few clicks you can review account activity, check real time balances, transfer funds between your Brentwood accounts, pay bills and set alerts. If you are not enrolled and need assistance with the process, please visit www.brentwoodbank.com/online-banking/, contact a branch or call Brentwood Bank’s Customer Service center.
         
        • If you prefer to practice social distancing, our Bethel Park, Brentwood, South Fayette and Beaver locations offer drive-thru banking. Check our website for the hours of these locations, www.brentwoodbank.com/brentwood-bank-locations-atms/.
         
        • In addition to the ATMs located at each of our branch locations, you can access cash from almost 700 fee-free ATMs across the region through the Freedom Alliance www.brentwoodbank.com/brentwood-bank-locations-atms/.
         

        Stay Alert

        And finally, we’d like to remind you to stay vigilant as scam emails and fake donation solicitations tend to increase during emergencies. Brentwood Bank will never reach out to ask for your confidential, personal account information. Please follow the Federal Trade Commission’s advice on protecting yourself from scams, www.consumer.ftc.gov/blog/2020/02/coronavirus-scammers-follow-headlines.
         

        Stay Informed

        Timely communication is critical during times of crisis. We will continue to monitor this evolving situation and will communicate with you if there are updates or events that may impact services. If you have questions or concerns, please call Customer Service at 412-409-2265.
         
        Respectfully,
         
        Tom Bailey
        President & CEO