Trustar Bank Donates Portion of SBA Paycheck Protection Program Fees to Local Organizations
As a registered lender with the Small Business Administration (SBA), Trustar Bank has utilized the SBA’s CARES Act Paycheck Protection Program (PPP) to provide capital to small businesses, helping them meet their ongoing short-term expenses. The CARES Act, which was signed into law on March 27, 2020, provides banks with an opportunity to assist businesses in need.
In the span of just one week, Trustar Bank has provided over 200 loans to local businesses struggling during the COVID-19 pandemic. As a community bank, Trustar takes great pride in supporting local organizations and important causes. The Bank is happy to announce that they will be donating 10% of PPP processing fees to local organizations, such as the Inova Health Foundation and Washington Nationals Philanthropies. Through efforts like this, Trustar Bank hopes to provide a bit of extra relief to those struggling during these difficult economic times.
“We felt privileged to participate in the SBA’s Paycheck Protection Program (PPP), support the stabilization of the US Economy and help working families in Greater Washington. As a community bank, Trustar Bank understands and values the role that community banks play across this great country,” said Trustar Bank CEO, Shaza Andersen, “To help even further, we are donating 10% of our loan fees from the PPP Program to Inova Health Foundation and the Washington Nationals Philanthropies. It is important to us to serve as strong stewards of our community and invest in programs and people that are committed to making our community healthier, safer and stronger.”
NBC 4 and Telemundo 44 Food 4 Families – November 21, 2019
Trustar Bank, along with NBC4 and Telemundo 44, pledged to provide Thanksgiving meals for families, veterans, and seniors in need. Trustar board members, employees, and customers collected non-perishable food items and monetary donations in order to help provide Thanksgiving meals for families, veterans, and seniors. On November 21, 2019, the Bank presented NBC4 with all that had been collected. We would like to extend a special thank you to everyone who donated!
Inova Honors Dinner – November 15, 2019
Trustar Bank was honored to participate in the 2019 Inova Honors Dinner as the Presenting Sponsor. The Bank was excited for the opportunity to celebrate physicians, nurses and healthcare professionals who have gone above and beyond to deliver unparalleled care in the Washington area. Through the sponsorship, we were able to demonstrate our support for outstanding medical professionals in a big way. The silent auction at the event featured gift baskets to be donated to patients in the Pediatrics, Cancer, Rehab and Labor and Delivery departments. Learn more: https://inovahonorsdinner.org/