04/03/2020: Financial Relief Programs vs. COVID – 19

If you own a business, it’s likely you’ve seen the headlines about financial relief that may be available to companies during the COVID -19 outbreak. Prospect Bank has developed the REV program* to Revive Economic Viability in our communities and help you with these unprecedented times. This program allows our borrowers relief from loan  payments […]

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04/02/2020: Tax / IRA / HSA Filing Vs. COVID-19

Due to the outbreak of COVID-19, the federal tax filing deadline has been extended to July 15, 2020 by the IRS. The Illinois Department of Revenue (IDOR) has also extended the state income tax return deadline and is giving penalty relief from April 15, 2020, to July 15, 2020. Because the due date for filing federal income tax […]

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04/01/2020: Social Distancing from COVID 19 Scams

It seems like we’ve all seen the pictures of empty grocery shelves or the dreaded “Item Unavailable” on Amazon.com during the COVID-19 outbreak.  During these times, when product demand is high – it’s important to know who you’re buying from. Online sellers may claim to have in-demand products, like cleaning, household, and health and medical […]

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03/30/2020: Automatic Payments vs. COVID-19 Advice

Who doesn’t love automatic payments?  They’re easy and can help set us on autopilot when it comes to paying the bills!  But during the current times, when so many are facing a disruption to their cash flow, it may be important to revisit your automatic payments and double check that accounts can still be paid. […]

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03/26/2020: Banking vs. COVID-19 Advice

With the outbreak of COVID-19, many Americans are expected to face a disruption in income, resulting in unforeseen financial burdens. If you are currently facing a cut in regular employment and are worried about making your mortgage or consumer loan payment – stay calm.  You may have options. Contact your lender right away.  It is […]

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