F&M Coronavirus Information Center
Content Updated on Wednesday, May 20
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UPDATED 5/01/2020 – Governor Pritzker has signed Illinois’ modified stay-at-home order. Effective today, individuals will be required to wear a face-covering or a mask when in a public place where they can't maintain a six-foot social distance. Face-coverings will be required in public indoor spaces, such as stores, banks and other essential businesses. This new requirement applies to all individuals over the age of two who are able to medically tolerate a face-covering or a mask. We will require anyone entering our lobby by appointment or walk-up facility to wear a face covering mask. As always, you will also be required to bring I.D. and may also be asked to briefly lower your mask if needed to positively identify you.
UPDATED 4/03/2020 – As we continue to be mindful of the health and safety of our employees, clients and communities, we are temporarily modifying our hours at all locations until further notice. We continue to limit service to our Drive-Up windows only (and to walk-up windows where available) at all of our locations until further notice. These new temporary hours will be effective Wednesday, April 8, 2020.
In an effort to protect the health of our clients, staff and the general public, we began limiting service to our Drive-Up windows only at all locations (and to the outside Walk-Up windows for facilities that have them) on Thursday, March 19, 2020. Lobby access is by appointment only to protect our customers and employees. We require everyone, with no exceptions, to call ahead for an appointment if face-to-face assistance by one of our bankers is needed. Phone numbers are provided below. Please expect to be asked a few COVID-19 screening questions.
Business Relief and Other Resources
Small Business Administration (SBA)
UPDATED 5/20/2020 – The Small Business Administration (SBA) has issued a press release that contains information on the loan forgiveness application for everyone participating in the Paycheck Protection Program (PPP). To apply for forgiveness of your Paycheck Protection Program (PPP) loan, the Borrower is required to complete this application as directed in the instructions, and submit it to your lender. The application and instructions can be found here: PPP Loan Forgiveness Application. You may apply for your loan forgiveness 8 weeks after the date of your loan disbursement.
UPDATED 4/21/2020 – The $349 million allotted for the Payment Protection Program to help small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead was exhausted late last week. However, all indications are that Congress will soon pass legislation to open up a new round of stimulus funds for the Payment Protection Program. The most recent news is that this legislation will pass this Wednesday (tomorrow). If you weren’t able to get your application in before the initial funds were exhausted and are still interested in applying for funds, please submit your application to us as soon as you can so we can be prepared to apply for the PPP loan on your behalf. More information on the program can be found on the Treasury Department website and the U.S. Small Business Association (SBA) website.
UPDATED 4/17/2020 – The Save Small Business Fund is an initiative of the U.S. Chamber of Commerce Foundation and is made possible by the generosity of their partners. This fund is a collective effort to provide $5,000 grants to as many small employers as possible. The application process begins on Monday, April 20, 2020 and details on qualification and how to apply can be found here.
State Illinois Assistance
Small business assistance is also available through the Illinois Department of Commerce and Economic Opportunity. For details click here.
Economic Impact Payment Information for Consumers
UPDATED 4/14/2020 – The IRS has announced a "Get My Payment" tool this week that can be used to track your payment status and confirm your payment type (direct deposit or check). Our Online Mobile Banking are currently experiencing latency issues due to the amount of people attempting to check their accounts for stimulus deposits. Thank you for your continued patience as we work through the process and in the meantime, please utilize the IRS tool listed above to check your status.
UPDATED 4/10/2020 – With the first round of CARES Act direct economic impact payments expected to be issued as soon as next week, The American Bankers Association has created a new educational resource for consumers.This resource provides the answers to several commonly asked questions including how much individuals can expect to receive based on their income, when they can expect to receive payment, whether payments can be received electronically, what they can do if they do not have a bank account, how to avoid fraud and more. The FAQs can be found here will be updated as more information is released by the Treasury Department.
Event Cancellation List
COVID-19 Scam Alerts
Coronavirus Readiness and Your Bank
Here are some of the measures we are taking to keep you safe while providing you with access to vital banking services.
Specifically, here is what we are doing at the bank:
- Increasing cleaning and sanitization efforts in our banking locations.
- Reinforcing healthy habits on the part of our employees and instructing them to stay home when they are not feeling well.
- Modifying, postponing, or canceling large meetings.
- Modifying, postponing, or canceling Ambassador Club and other bank-related events (see details elsewhere on this page).
- Keeping our products and services fully available to you.
- Monitoring the financial markets and discussing options for clients to meet their changing financial needs.
Here are some steps that you can take:
Our bankers are closely monitoring the situation nationally, regionally and locally. Should developments warrant, we will reach out to you with updates to ensure timely notification. We pledge to continue devoting significant resources to stay on top of this emerging situation in order to keep you and our employees informed and prepared.