Thursday, May 28, 2020

640 Bridge Street
Owatonna, Minnesota
507-455-BANK
866-455-2260

 

President's Message

SBA Paycheck Protection Program - Update 04/28/2020

Round two of PPP is underway, and we continue to successfully secure SBA approval for local businesses and nonprofits. If you are eligible and have not applied for PPP funding, or are struggling with your current lender, we encourage you to apply with us immediately before this round of funding is exhausted. Refer to the SBA Paycheck Protection Program section on the website for the application and additional information.  When applying, please provide the following documents:

  • Application
  • Payroll Records (4/1/2019-3/31/2020)
  • Personal Financial Statement (for everyone that has an ownership interest in the business)
  • 2019 Income Tax Returns (for self-employed borrowers)

Applications and supporting documents should be e-mailed to Tim Kluender (This email address is being protected from spambots. You need JavaScript enabled to view it.), Steve Grams (This email address is being protected from spambots. You need JavaScript enabled to view it.), or Jeff Goergen (This email address is being protected from spambots. You need JavaScript enabled to view it.), or delivered via our drive-up or night depository.

As Owatonna's only locally owned community bank, we are pleased to continue supporting local small businesses and nonprofits.

While we continue to monitor the MN Department of Health's guidance, CBO is tentatively planning on RE-OPENING the lobby on June 1. CBO's Drive-Up hours are changing on June 1 to 8:00am-5:00pm M-F. They remain 9:00 am-12:00pm on Saturday.       

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While we continue to monitor the MN Department of Health's guidance, CBO is tentatively planning on RE-OPENING the lobby on June 1. CBO's Drive-Up hours are changing on June 1 to 8:00am-5:00pm M-F. They remain 9:00 am-12:00pm on Saturday.