The webinar titled “The Banking Landscape in Light of COVID-19 & Current Market Conditions” was presented by Barley Snyder on Wednesday, December 2 as part of our Virtual Business Seminar Series.
This webinar delivered information related to the impact of COVID-19 and current market conditions on the banking landscape across our region. Following keynote remarks from Curtis J. Myers, President and COO of Fulton Financial Corporation, a moderated panel shared their perspective on what banks are seeing now and what banks anticipate they may see in the future. The panel was moderated by Troy B. Rider, partner at Barley Snyder, and the panel featured the following industry experts:
Timothy G. Henry – President and CEO, F&M Trust
Meg R. Mueller – Senior Executive Vice President, Head of Commercial Banking, Fulton Financial Corporation
J. Bradley Scovill – President and CEO, Citizens & Northern Bank
Paul G. Mattaini – Partner, Barley Snyder
The panelists covered COVID-19 and banking market topics including:
- Observations as to how the Bank’s customers and borrowers are dealing with COVID-19 and government actions taken to combat the virus
- COVID-19 and Market Topics
- The Paycheck Protection Program (PPP) and the forgiveness process
- The Main Street Lending Program
- Deferrals, Covenant Waivers and Troubled Debt Restructurings (TDRs)
- Loan Demand
- Historically Low Interest Rates
- M&A Transactions
- Non-bank M&A
- Bank M&A
- What the “New Normal” might look like
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Disclaimer: The information in this presentation is for general informational purposes only. It should not be construed as legal or financial advice, or a substitute for legal counsel or consultation with a financial advisor. The views expressed in this presentation are those of each individual presenter and do not necessarily reflect the views of the presenter’s organization or the views of the other presenters or their respective organizations. If you have questions about your situation or about how to apply information contained in this presentation to your situation, you should reach out to an attorney or a financial advisor. We assume no responsibility for the accuracy or timeliness of any information provided herein or by any linked site. As information changes rapidly, users are strongly advised to verify any information before relying upon it.
