Thanks in large part to the federal Paycheck Protection Program (PPP), 2020 turned out to be a record-setting year for Tampa-based First Citrus Bank. On Monday, in a press release announcing its fourth-quarter financial results, the bank said its year-to-date earnings, at just over $4.9 million, were the highest on record. The fourth quarter was…

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TAMPA, FL., January 25, 2021 – First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, has released its financial results for the fourth quarter of 2020. December 31, 2020, YTD earnings were the highest on record after the fourth quarter produced the strongest quarterly earnings performance in company…

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In the coming weeks, banks will once again start accepting applications for Paycheck Protection Program loans — and most of Tampa Bay’s biggest lenders will be back for more. The program, which is administered by the Small Business Administration, first launched in early April last year. Funded by the Coronavirus Aid, Relief and Economic Security…

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From the opening bell on April 3 to the last call on Aug. 8, more than 80,000 Tampa Bay businesses applied for a Paycheck Protection Program loan. In total, more than $6.6 billion came to the region through the loans, a decent chunk of the $31 billion that passed through Florida and of the $525…

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The Greenhouse, a small business assistance center in St. Petersburg, has launched an interactive map displaying small businesses city-wide. The map is one of several initiatives underway for St. Pete Small Business Week, a week-long event to celebrate local business growth and the diverse voices in entrepreneurship. The map shows the name of the business,…

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TAMPA, FL., October 19, 2020 – First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, has released its financial results for the third quarter of 2020. September 30, 2020, YTD earnings were the highest on record after the third quarter produced the strongest quarterly earnings performance in company…

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Any hope for imminent assistance from Congress on Paycheck Protection Program loan forgiveness is dwindling. Several attempts to pass additional stimulus have been bogged down in Congress in the months leading up the election; earlier this week, President Donald Trump said he was halting any further discussion of a stimulus package until after the election…

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It looks like the Paycheck Protection Program is finished — for now. The program, which was administered through the Small Business Administration, provided loans to small businesses that could be totally forgiven if a certain percentage of the funds were spent on payroll-related costs. The PPP proved immensely popular when it was first launched in…

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