COVID-19

 
 
An update on Coronavirus

COVID-19 Update:

 
 
 
LOBBIES CLOSED:
As the COVID-19 pandemic continues to evolve, we need to protect the health and well-being of our employees and customers, support community health efforts to stop the spread of the virus, while also taking every measure we can to continue providing banking services and avoid potential disruptions of service to our customers.
 
Effective at 5 PM on March 19, 2020, all Waukesha State Bank lobbies are closed. Drive-up and night depository services will remain open, and access to the bank for loan applications or closings, new accounts or account changes, safe deposit boxes, large cash withdrawals, etc. can be made via appointment by calling each branch office directly. Find a branch near you.
 
We strongly recommend that you leverage all of the available Waukesha State Bank tools and resources for self-service banking and 24/7 account access:
 
Online, Mobile and Telephone Banking
Through our mobile, online and telephone banking services, you can open accounts, check balances, transfer funds, deposit checks, pay bills or find the nearest ATM. If you are not enrolled in online or mobile banking, click here to enroll or contact our Customer Service Center at (262) 549-8500.
 
Drive-Up and Night Deposit Services
Our drive-up services remain available during regular hours and offer most banking services. Customers may also continue to use the night depository boxes available at all of our locations.
 
ATMs
Our ATMs are accessible 24/7. For any cash withdrawals, find an ATM near you.
 
Customer Service Center
As always, we back up online convenience with the friendliest bankers anywhere. You can contact our Customer Service Center at (262) 549-8500, Monday – Friday 8 AM – 6 PM and Saturday 8:30 AM – 12 PM. If you’ve been affected by COVID-19 and need assistance with your account, please call us to learn how we might help.
 
SMALL BUSINESS DISASTER RELIEF SOLUTIONS:
As our small business customers work through these challenging times, we want to ensure that you are aware of some important and potentially business-saving resources.
 
Paycheck Protection Program (PPP) within the CARES Act
Starting Friday, April 3, 2020, the SBA began accepting applications for the Paycheck Protection Program (PPP) loans within the CARES Act.
 
The PPP is an SBA loan to the borrower for payroll, rent, utilities and possibly other monthly expenses, which will be 100% guaranteed by the SBA. Within this program, there are no collateral requirements or personal guarantees required. A portion of this PPP loan could potentially be forgiven if it is used for payroll expenses.
 
At this time, we believe we will need at least the following items to process the application for your business:
 
  1. Articles of Incorporation or Organization 
  2. CARES Act PPP Report for 2019 from your payroll provider AND all Forms 940, 941 and WT-7 with a summary report by employee (or W-2s) for 2019
  3. Payroll Journal, from your payroll provider, for your payroll that occurred closest to February 15, 2020 or similar report
Additional information will likely also be required. All loans are subject to other requirements and availability of funds under the SBA program. Funds are limited.
 
Once you have filled out the application, you may submit that, and your additional documentation, to Waukesha State Bank via:
 
  1. Email: WSBCARES@waukeshabank.com
  2. Fax: (262) 574-4104
  3. In Person: Drop off at any Waukesha State Bank location.
We will continue to provide additional updates as they become available. Please check back.
 
Economic Injury Disaster Loans
The Economic Injury Disaster Loans, now available directly through the United States Small Business Administration (SBA), are low-interest, long-term loans for physical and economic damage caused by a declared disaster, such as Coronavirus (COVID-19). These working capital loans of up to $2 million can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are currently experiencing. The loans can be used toward fixed debts, payroll, accounts payable and other bills.
 
Please visit this page for additional information on this program, and if you need help filling out the application, you can access these step-by-step instructions.
 
To help ensure you’re prepared, here is a list of documents you will need to apply for a loan:
 
  1. Tax Information Authorization (IRS Form 4506T) for the applicant, principals and affiliates
  2. Complete copies of the most recent Federal Income Tax Return
  3. Schedule of Liabilities (SBA Form 2202)
  4. Personal Financial Statement (SBA Form 413)
  5. Profit and loss statements
  6. Monthly sales figures (SBA Form 1368)
 
And one helpful tip: Download the application and fill it out before applying online because the online application will time out if you take too long to gather information (and you will be required to start the process again).
  
A you navigate through this extremely difficult time, please feel free to reach out to our commercial bankers as a resource at (262) 549-8551.
 
PAPER SHREDDING EVENTS CANCELLED:
With the new Safer-At Home order, all of our April paper shredding events have been cancelled. We will try to reschedule them for later in the year. Please stay tuned for further information.
 
 
We are committed to making our bank a safe and healthy place to serve your financial needs, and we have the friendly bankers and technology to do just that. Thank you for being a valued customer of Waukesha State Bank.
 
For the latest information on COVID-19, visit the Center for Disease Control’s resource center.
 
Stay healthy!