Throughout our history, the communities Mountain Pacific Bank serves have seen lots of ups and downs. Through it all, we have always stood ready to assist our customers and communities in which we serve. Building relationships with customers since 2006 has taught us that people need us the most when times are most challenging, and our customers know that Mountain Pacific Bank will do what is right.
At Mountain Pacific Bank, the well-being of our customers, employees, and community is very important to us and we are here to support you and your business. We intend to keep our branches open, if feasibly possible, using the drive-up only to protect both staff and customers.
To protect you and our employees, we are limiting our branch lobbies to appointments only. Those customers wanting to open an account, access safe deposit box, or meet with a banker in person are asked to call 425.263.3500 or your local branch to setup an appointment.
Of course, meeting your needs is always important to us. We are well staffed and banking business is taking place as usual. We hope you will continue to contact your Relationship Manager by phone or email as you do regularly. We also encourage you to leverage our digital options that allow you to access your accounts to view balances, make transfers, make mobile deposits, or send payments via our P2P feature. All these great features and more are available via our mobile app or online at https://mp.bank/
As our communities continue to be impacted, we will assess the capacity and abilities of our branches to serve the needs of our customers. We will be sure to post information and updates to our website and social media channels as decisions are made.
We apologize for any inconveniences and we appreciate your flexibility and understanding during this unusual time. It is our goal to continue to provide the highest quality customer service and support.
As always, thank you for the opportunity to serve you. For specific questions related to COVID-19, please see Our FAQs.
Wishing you and your family health and safety, Mark Duffy
https://mp.bank/wp-content/uploads/2019/01/Logo.png00Mark Duffyhttps://mp.bank/wp-content/uploads/2019/01/Logo.pngMark Duffy2020-03-30 14:17:072020-08-18 09:03:39Covid-19: A Message from Mark Duffy, CEO
We are monitoring the latest news about COVID-19 and taking all necessary precautions. We are following Center for Disease Control (CDC) guidelines to appropriately respond to this potential public health threat.
All of our branch drive-ups are open during regular business hours. Our lobbies are currently closed.
Is the bank open for business?
YES! We are here and ready to assist you. We intend to keep our branches open if feasibly possible, using the drive-up to protect both staff and customers. To protect you and our employees, we are limiting our branch lobbies to appointments only. Customers wanting to open an account, access safe deposit box, or meet with a banker in person are asked to please call 425.263.3500 or their local branch to schedule an appointment.
As our communities continue to be impacted, we will continually assess the capacity and abilities of our branches to serve the needs of our customers. We will be sure to post information and updates to our website and social media channels as decisions are made. We apologize for any inconveniences and we appreciate your flexibility and understanding during this unusual time. It is our goal to continue to provide the highest quality customer service and support.
Are we going to be adjusting our branch hours or reducing staff?
No. At the present time we have no plan or intention of doing either.
If at any point, we deem the risk outweighs the need to keep branches or departments open we will take appropriate action which could include limiting staffing and/or reducing hours. Our branch locations and departments have taken the recommended precaution very seriously and have adopted rigorous cleaning and social distancing standards to ensure the safety and health of each other.
Keeping your money safe.
Despite the disruption that COVID-19 is causing to our economy, you can rest assured that your hard-earned money is safe and secure at Mountain Pacific Bank. There is no need to withdraw large amounts of cash or take other extreme financial measures. The best place for your money is in a safe and sound financial institution, where the FDIC insures it. The following is a recent quote from the Chairman of the FDIC, Jelena McWilliams.
“I want to underscore that our banks are safe,” said Chairman McWilliams. “Your FDIC-insured deposits are safe. […] The FDIC was borne out of a crisis, and it has witnessed many crises. We will get through this one together. Since 1933, no depositor has ever lost a penny in an FDIC-insured institution, and that will not change.”
If you have questions about FDIC insurance or would like to discuss in more detail, please reach out to one of our branch representatives who can estimate your insurance needs and help restructure your accounts to ensure maximum insurance coverage. Many of your questions can be answered by visiting FDIC FAQ’s for Bank Customers.
Mountain Pacific Bank continues to be in strong financial position and remains well capitalized. The Bank’s financial statements are posted at https://mp.bank/investor-relations/.
As always, our CEO, Mark Duffy is available to contact at 425.263.3524, and is more than happy to take any phone call from customer’s concerned about the financial condition of the bank.
How can I access my funds?
The branch drive-ups remain open during normal business hours. Mountain Pacific Bank customers also have access to free ATM withdrawals at any ATM, anywhere you are.
We would like to encourage customers to leverage the digital services Mountain Pacific Bank has to offer clients. These services allow for 24/7 secure access to your accounts without requiring an in-person visit to the branch. Our mobile app and free online banking services at https://mp.bank/ offer you the opportunity to check balances, transfer funds, deposit checks, pay bills or locate the nearest ATM.
Business clients are offered the same mobile and online banking services plus the use of wire and ACH features.
Bank anytime, anywhere, including the comfort of your home, with the convenient online and mobile banking services, visit Enroll Now or download the MPB Mobile app today.
Who should I contact if I have questions about my loan?
Please contact your Loan Officer. You can locate their contact information for your Loan Officer at Mountain Pacific Bank Lenders
Concerns about the ability to make your loan payment.
To alleviate the financial burden facing our consumer customers and commercial customers, Mountain Pacific Bank is offering 90-day interest only and deferral payments for those impacted. Please contact your loan officer. You can locate their contact information for your Loan Officer at Mountain Pacific Bank Lenders.
Do I qualify for one of the SBA Loans approved in the Stimulus Package?
Congress just passed the CARES Act which includes some SBA Loan Programs. One of the these is called the “Paycheck Protection Program”. As a Preferred SBA Lender Mountain Pacific Bank will be able to provide this loan to our customers. We will provide information regarding eligibility, how to apply and any documentation requirements as soon as it becomes available from the SBA. Please contact your Loan Officer or call 425.263.3500 to discuss.
For your security, remember a Mountain Pacific Bank representative.
We will never reach out to you and ask for confidential information like your full Social Security number, login, password, identification number (PIN) or other confidential information.
Additional Resources:
Snohomish Health District
Washington State Department of Health
Centers for Disease Control and Prevention
World Health Organization SBA Disaster Loan Assistance
SBA Disaster Assistance in Response to the Coronavirus
Checks from the Government
by Jennifer Leach Associate Director, Division of Consumer and Business Education, FTC
As the Coronavirus takes a growing toll on people’s pocketbooks, there are reports that the government will soon be sending money by check or direct deposit to each of us. The details are still being worked out, but there are a few really important things to know, no matter what this looks like. Learn More >
https://mp.bank/wp-content/uploads/2019/01/Logo.png00Mark Duffyhttps://mp.bank/wp-content/uploads/2019/01/Logo.pngMark Duffy2020-03-19 10:11:182020-08-18 09:03:39COVID-19: Checks from the Government
The FTC and FDA have jointly issued warning letters to seven sellers of unapproved and misbranded products, claiming they can treat or prevent the Coronavirus. The companies’ products include teas, essential oils, and colloidal silver.
https://mp.bank/wp-content/uploads/2019/01/Logo.png00Mark Duffyhttps://mp.bank/wp-content/uploads/2019/01/Logo.pngMark Duffy2020-03-12 14:57:192020-08-18 09:03:39Scammers are taking advantage of fears surrounding the Corona-virus
You get a call from someone who says she’s from the IRS. She says that you owe back taxes. She threatens to sue you, arrest or deport you, or revoke your license if you don’t pay right away. She tells you to put money on a prepaid debit card and give her the card numbers.
The caller may know some of your Social Security number. And your caller ID might show a Washington, DC area code. But is it really the IRS calling?
No. The real IRS won’t ask you to pay with prepaid debit cards or wire transfers. They also won’t ask for a credit card over the phone. And when the IRS first contacts you about unpaid taxes,
they do it by mail, not by phone. And caller IDs can be faked.
Here’s what you can do:
Stop. Don’t wire money or pay with a prepaid debit card. Once you send it, the money is gone. If you have tax questions, go to irs.gov or call the
IRS at 800-829-1040.
Pass this information on to a friend. You may not have gotten one of these calls, but the chances are you know someone who has.
Please Report Scams
If you spot a scam, please report it to the Federal Trade Commission.
Call the FTC at 1-877-FTC-HELP
(1-877-382-4357) or TTY 1-866-653-4261
Go online: ftc.gov/complaint
Your complaint can help protect other people.
By filing a complaint, you can help the FTC’s investigators identify the imposters and stop them before they can get someone’s hard-earned money. It really makes a difference.
These are initial details from our Emergency Management Division (EMD) on the process for unlocking SBA Disaster Loans recently approved by Congress.
What does the new SBA disaster assistance mean for businesses in Washington?
New federal legislation and appropriations has opened up the possibility for small businesses to receive assistance for economic loss due to COVID-19. Details of eligibility and administration of this assistance from SBA are still being addressed by the SBA. However, some information from the traditional SBA Economic Injury Disaster Loan (EIDL) program will still apply for COVID-19.
If a small business has suffered substantial economic injury as a result of COVID-19, it may be eligible for financial assistance from the U.S. Small Business Administration.
Small businesses and small agricultural cooperatives that have suffered substantial economic injury may be eligible for the SBA’s Economic Injury Disaster Loan (EIDL) Program.
Substantial economic injury is the inability of a business to meet its obligations as they mature and to pay its ordinary and necessary operating expenses.
An EIDL can help meet necessary financial obligations that a business could have met had the disaster not occurred.
It provides relief from economic injury caused directly by the disaster and permits the business to maintain a reasonable working capital position during the period affected by the disaster.
The SBA provides EIDL assistance only to those businesses that SBA determines are unable to obtain credit elsewhere.
The loan amount will be based on the business’ actual economic injury and financial needs.
The interest rate on EIDLs cannot exceed 4 percent per year.
The term of the loans cannot exceed 30 years.
Terms and conditions will be determined by the business’ ability to repay the loan
How do counties apply for assistance?
To apply for this assistance, a county must provide one Economic Injury Worksheet for at least one business demonstrating economic loss due to COVID-19. There must be a minimum of five Economic Injury Worksheets submitted statewide for Washington to be eligible. If a county were to be approved for the SBA Economic Loss Declaration, then each contiguous county around the declared county would be eligible for SBA economic injury assistance.
We recommend counties begin collecting Economic Injury Worksheets as soon as possible. We ask counties to work with their cities and towns to collect the forms and submit them through the county to EMD. Counties please submit completed EIDL forms to HSDamage@mil.wa.gov and state your county name and EIDL in the subject line, e.g. “Snohomish County EIDL”.
Businesses can fill out the Estimated Disaster Economic Injury Worksheet for Business to use when applying for assistance through the SBA, which you can submit here:
When will more information be available?
Detailed SBA guidance for COVID-19 is still being developed by SBA and should be available in the next several days. As soon as further information is available, we’ll provide it to you. We ask that you work directly with Washington Emergency Management and not directly with SBA during this process.
Who is the best contact if counties have questions?
The contact for SBA at Washington Emergency Management Division is Travis Linares-Hengen: travis.linares-hengen@mil.wa.gov, (253) 512-7028.
Yazmin Mehdi (she/her) Deputy District Director
https://mp.bank/wp-content/uploads/2019/01/Logo.png00Mark Duffyhttps://mp.bank/wp-content/uploads/2019/01/Logo.pngMark Duffy2020-03-12 10:12:282020-08-18 09:03:39SBA Disaster Loans for COVID-19
