SPECIAL ADVERTISING SECTION
and frontline staff, including our own,
and helped all of our employees navigate
“appropriately. As a company, despite
our physical distance, we have, in ways,
become closer in our unified effort to be
a part of the solution.” — THE WASHINGTON
TRUST COMPANY, WASHTRUST.COM
“From the outset of this pandemic, our
priority at JPMorgan Chase has been to
continue to provide uninterrupted service
to our clients and customers, while
supporting and providing a safe work
environment for our employees and
helping those communities hit hard by
COVID-19. To help more than 1.5 million
customers who have told us they are
struggling financially, we’ve provided
assistance, including delaying payments
and refunding fees across our business
banking, home lending, credit card,
deposit and auto lease and loan accounts.
We’ve also helped hundreds of thousands
of homeowners to delay mortgage payments.
In March and April, we approved
more than $45 billion in new credit for
our clients affected by COVID-19. This
included more than $6 billion to hospitals
and healthcare companies, educational
institutions, nonprofits and state and
local governments. Additionally, during
the first sixty days of the crisis, we
extended $950 million in new loans for
our small business clients nationwide.
We have also worked to help as many of
our customers as possible receive loans
through the SBA’s Paycheck Protection
Program (PPP). We funded a total of
more than $30 billion to more than
250,000 businesses, helping to support
more than three million U.S. employees,
with half of those loans going to companies
with fewer than five employees. For
our frontline employees in our branches,
and other key sites who continue to go
into their office or branch each day, we’re
taking extra sanitation and social distancing
measures to ensure their safety.
We are proud that our firm has been
well-equipped to quickly step up and
provide significant resources and support
because we entered this crisis in a position
of strength. This is a direct result of
the actions and investments we’ve made
over many years to build a strong, resilient
company. We believe it’s our responsibility
to be there for the people who
rely on us in times like this. This is precisely
why we work so hard to be that
kind of company.” — PATRICIA GILMAN,
MARKET DIRECTOR OF JPMORGAN CHASE,
RHODE ISLAND, JPMORGANCHASE.COM ■
Helping Rhode Islanders
move ahead.
Look around Rhode Island these days and you’ll see communities moving forward.
And, as the nation’s oldest community bank, Washington Trust is here to help our neighbors
every step of the way. If you have financial questions – about borrowing, saving, planning
for the future, or just getting back to business – ask Washington Trust.
We’re here to help Rhode Islanders move ahead, just as we have for the past 220 years.
800-475-2265 ~ AskWashTrust.com ~ Member FDIC
OceanStateCU.org | 877.397.1900 or 401.397.1900
Federally insured by NCUA
Ned Handy, Chairman & CEO and
Mark Gim, President & COO
LOCAL FINANCIAL INSTITUTIONS
RHODE ISLAND MONTHLY l AUGUST 2020 97