“We are now seeing stimulus checks arriving in accounts,” said Paducah Bank President Mardie Herndon. “These are being deposited in waves so people will begin to see the deposits show up in their accounts over the next weeks.”
The federal emergency stimulus funds are being sent to individuals who filed 2018 or 2019 taxes. Checking accounts related to those tax filings will be used for direct deposit.
“There are several ways for customers to determine if their stimulus funds have arrived in their account,” Herndon added. “Those customers who take advantage of mobile banking and online banking can easily check their accounts to see if the funds have arrived. Paducah Bank also has an automated INFO LINE that customers can call which provides up to date information on the account’s latest deposits, withdrawals, and balances.”
Paducah Bank has also been very involved with the processing of the small business Paycheck Protection Program for its clients. “Our bankers have literally been working around the clock to help our business clients make application for this program. To date we have processed $60 million for more than 400 local small businesses. We were even getting checks to owners over the weekend,” Herndon noted. “This funding is greatly needed by so many companies in our community who have had to either dramatically cut back their services or completely shutter their businesses. We are very pleased that we can be of service in helping our commercial clients get the help they so desperately need.”
The Paducah Bank INFO LINE is 270.575.6677. To call the bank’s main office, the number is 270.575.5700.