Illinois Bank & Trust
COVID-19 Communication Center

Stay up to date on banking center hours and important communications surrounding the COVID-19 Pandemic.

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 

To Our Valued Neighbors

We understand that uncertainty is affecting us all. Illinois Bank & Trust stands with our customers, employees and communities we call home. While we work through this together, please know that our team is here as your partner in supporting your financial needs.

 


LATEST UPDATES ON STIMULUS Payments – March 12, 2021

 

Third Stimulus Payment Updates

The federal government recently passed the American Rescue Plan Act of 2021 that includes a stimulus payment of up to $1,400 to individuals and families. Visit IRS.gov for more details on what to expect for this next payment.

View Your Stimulus Payment Online

You can log in to Online Banking to see if your stimulus payment has posted. If you do not have online banking, you can enroll here.

Set Up Alerts

Our online banking system allows you to choose the type of alert you will receive the moment your stimulus payment posts to your account. Learn how to set up an alert.

Stimulus Check Arriving by Mail

Some Americans will receive their stimulus payment by check in the mail. All checks are projected to be sent out by the end of March.

For additional questions about the second round of stimulus payments, visit the IRS website.


Illinois Bank & Trust customers can now register and apply for PPP Loan Forgiveness

 

Click for our PPP Forgiveness Resource Center


Latest Updates on the Paycheck Protection Program

January 8, 2021 - New Round of PPP Loan Applications and Second Draw Loan Applications

On January 8, 2021, the SBA released additional guidance regarding the Paycheck Protection Program (PPP). Congress has set aside funds for new and smaller borrowers, borrowers in underserved communities, and for smaller community banks and smaller lenders. So, the SBA will roll out the PPP program in phases:

  • Some community banks and smaller lenders may start accepting first PPP Loan applications on January 11, 2021, and Second Draw Loan applications on January 13, 2021.
  • All other participating lenders, including Illinois Bank & Trust, shortly after that.

RESOURCES

At Illinois Bank & Trust, the PPP is administered online only. Illinois Bank & Trust will not be able to accept paper applications for the PPP. All information and correspondence related to PPP will be provided online and through email, including the application process, submission of required documentation and follow-up correspondence. 

 

December 29, 2020 - Treatment of EIDL Advances on PPP Loan Forgiveness

The CARES Act originally required the Small Business Administration (SBA) to deduct the amount of any Economic Injury Disaster Loan (EIDL) Advance received by a Paycheck Protection Program (PPP) borrower from the PPP forgiveness payment. On October 2, 2020, the SBA began sending forgiveness payments to PPP lenders, with the required EIDL Advance deductions.

Effective December 29, 2020 the SBA no longer deducts EIDL Advances from forgiveness payments sent to PPP lenders. 

For those loans in which the SBA sent a forgiveness payment that was reduced by an EIDL Advance, the SBA will automatically send a payment for the previously-deducted EIDL Advance amount, plus interest through the remittance date.

 

December 27, 2020 - New PPP Program Update

On December 27, 2020, President Trump signed the stimulus bill that includes the new Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, authorizing $284 billion for an enhanced PPP loan program. While new rules and applications are expected in the coming weeks, we wanted to highlight some of the more important changes and let you know where to find further information as it becomes available.

In general, benefits available to small businesses fall within four categories:

  1. Changes to the original PPP loan program, including a simplified loan forgiveness process, more favorable tax treatment, and other program enhancements;
  2. A second draw program for eligible borrowers that have used their original PPP loan funds;
  3. New loans for first time PPP borrowers; and
  4. Enhancements to other SBA loan programs, including payments made by the SBA on behalf of eligible borrowers.

Paycheck Protection Program Enhancements

  1. Clarifies Tax Treatment – Specifies that gross income does not include the amount of your PPP loan forgiveness nor prevent deductions for otherwise deductible expenses paid with the proceeds of a PPP loan.
  2. Repeals the Deduction of EIDL Advances from PPP Forgiveness Amounts – Specifies that EIDL advances will no longer be withheld from PPP Forgiveness amounts and borrowers who have had EIDL advances withheld will be made whole.
  3. Clarifies Group Insurance Benefits Included in Payroll Costs – Specifies that group life, disability, vision, and dental insurance benefits are included in payroll costs. 
  4. Provides a Simplified Forgiveness Application for Loans of $150,000 or Less – Requires only a one-page certification to apply for forgiveness.
  5. Allows for Additional Non-Payroll Expenses to be Included in the Calculation of the Amount Forgiven – these expenses include:
    1. Additional Operating Expenses including software, cloud computing, HR, and accounting needs
    2. Property Damage Costs caused by public disturbance and not covered by insurance
    3. Covered Supplier Costs – payments made to a supplier to satisfy a contract or PO essential to operations at time expenditure was made. Suppler costs for perishable goods can be made before or after the life of the loan. 
    4. Covered Worker Protection Expenses for PPE and other adaptive costs to help comply with local, state, or federal safety guidance related to COVID-19 between March 1, 2020, and the end of the emergency declaration.

Second Draw Loans

Forgivable, Second Draw Loans will be available to eligible PPP borrowers in an amount equal to 2.5X the average monthly payroll costs up to a maximum of $2 million. Eligible borrowers must have spent their original PPP loan proceeds, experienced a 25% decrease in gross receipts compared to the same period in 2019, employ no more than 300 employees and meet certain other requirements. Borrowers in industries assigned to NAICS code 72 (Accommodations and Food Services) may receive loans of up to 3.5X average monthly payroll costs.

New PPP Loans for First Time Borrowers

The PPP loan program will be re-opened to new PPP borrowers, with expanded categories of eligible borrowers.

Payments on Existing PPP Loans and Other Program Enhancements

Beginning in February, the SBA will resume making principal and interest payments on certain qualifying SBA non-PPP loans for up to three months in most cases. Additional enhancements will also be made to other SBA loan programs.
 

IMPORTANT NOTICE: These FAQs are based on the provisions of the CARES Act as implemented and interpreted by the U.S. Small Business Administration (“SBA”) and the U.S. Treasury Department (“U.S. Treasury”) through interim and final regulations, FAQs, and regulatory guidance and interpretations. The SBA and U.S. Treasury continue to issue new regulations, FAQs and guidance that in some cases changes or conflicts with prior guidance. The eligibility of a PPP loan for forgiveness and the amount and timing of any forgiveness will be subject to and dependent on approval pursuant to the regulations, FAQs and guidance in effect at the time a request for forgiveness is processed and as a result, we cannot provide you any assurances regarding forgiveness of your loan until such approval is received and any review or audit by the SBA completed. The information provided herein is not intended to constitute legal advice. 


Bank Local. Support Local.

Illinois Bank & Trust Part of $1.2 Million Community Outreach Initiative - April 17, 2020

Heartland Financial USA, Inc., the holding company of Illinois Bank & Trust and 10 other regional banks across the United States, is contributing a total of $1.2 million to COVID-19 community relief programs. The outreach is funding families and businesses across 12 states impacted by the crisis. DB&T and Heartland have chosen to stand behind the community with a $200,000 pledge to the Greater Dubuque Disaster Recovery Fund for COVID-19 relief efforts.

We are so proud to be able to live our mission by enriching lives one customer, employee and community at a time. #supportlocal

Read the Press Release

Bank Local. Support Local.

Illinois Bank & Trust Part of $1.2 Million Community Outreach Initiative - April 17, 2020

Heartland Financial USA, Inc., the holding company of Illinois Bank & Trust and 10 other regional banks across the United States, is contributing a total of $1.2 million to COVID-19 community relief programs. The outreach is funding families and businesses across 12 states impacted by the crisis. $100,000 of those funds will go directly to to support nonprofit organizations in our communities that are leading the response to challenges created by COVID-19 right here in Illinois.

We are so proud to be able to live our mission by enriching lives one customer, employee and community at a time. #supportlocal

Read the Press Release

 


 

COVID-19 FAQs

Strength You Can Count on in Times of Uncertainty
We are committed to serve and stand by our customers during this unprecedented time. As new information emerges we will continue to keep you informed. Please find FAQs below to answers for the most common questions for your convenience.
COVID-19 FAQs

 


 

Illinois Bank & Trust Fraud Center
Fraudsters may take advantage during times of vulnerability, which means extra care needs to be taken to prevent fraud. Visit our Fraud Center to learn best practices to keeping your information safe and staying one step ahead of fraudsters.
Fraud Center

Fraud Center

 


 

Conveniences

Banking That is Convenient, Not Complicated
Be able to conveniently access your money without compromising security. We have an array of features that leverage the latest technology to make your banking experience as convenient as it can be.
Conveniences

 


 

Customer Service Updates
In accordance with national and local social distancing best practices, we are making temporary changes to the ways we interact with our customers. We are encouraging our employees to work with customers via phone and digital channels when possible.
Location Updates

Customer Service Updates

 


 

Access Your Account 24/7/365

1For purposes of this safe harbor, a borrower must include its affiliates to the extent required under the interim final.

IMPORTANT NOTE WHEN CLICKING THROUGH TO EXTERNAL WEBSITES: When clicking on links within the video, you will be linking to another website not owned or operated by Illinois Bank & Trust. Illinois Bank & Trust is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. We encourage you to review their privacy and security policies which may differ from Illinois Bank & Trust. Click to go back to video.

 

 

AS A CLIENT OF Illinois Bank & Trust, YOU HAVE ACCESS TO THESE GREAT SERVICES: