Latest "Community News" Posts

July 6, 2021 – Our lending team has been busy preparing and processing PPP Forgiveness Applications over the past few weeks and has made tremendous progress. If you currently have an outstanding PPP loan, you do not need to do anything until you are contacted by someone from our lending staff.  Our team has been […]

April 26, 2021 – The U.S. Small Business Administration (SBA) is awarding funding through the Restaurant Revitalization Program to restaurants, bars, and other similar places of business that serve food or drink.  The purpose of this funding is to provide support to eligible entities that suffered revenue losses related to the COVID-19 pandemic.   Funds must […]

Written by Andy Ludeking, Ag & Business Banker, VP (Click below to listen to Andy’s message)   April 12, 2021 – Whether you’re in agriculture or not, we live in an ag community; it’s always good to have a feel for what’s going on within it. I wanted to share an agriculture update about what […]

April 9, 2021 – One of Decorah and Cresco Bank’s core values is to be a leader in our area’s financial education outreach. We believe that by helping improve community members’ financial lives, we can improve our communities’ economic well-being. What are we doing to accomplish this? Decorah & Cresco Bank is dedicated to sponsoring […]

March 31, 2021 – We are now accepting Forgiveness Applications for 1st and 2nd Draw PPP Loans. You may submit your Forgiveness Application at this time, but please note we will wait at least 11 weeks from the date of loan disbursement to apply for forgiveness to ensure full forgiveness. Please note, you must complete […]

March 8, 2021 – You love quick access to your online subscriptions. You don’t love being slowed down with each purchase. Who has the time? Card Swap is now available within our digital banking platform. It is a tool you can use to update or replace your debit card as the payment method for many […]

March 3, 2021 – The SBA has issued an interim final ruling which allows individuals who file an IRS Form 1040, Schedule C to calculate their maximum loan amount using gross income.  SBA has issued updated forms for borrowers and lenders reflecting these changes and outlined how to calculate the loan amount.  The ruling clearly […]

March 3, 2021 – Decorah & Cresco Bank’s Easter Coloring Fun is underway! Children ages 10 and under can color to win a stuffed bunny. For Decorah, please pick up your coloring form at our South branch location on Division and Short Street. Return your form to our South branch location by 4 pm on […]

January 19, 2021 – We have been notified that customers are receiving fraudulent calls from someone claiming they represent Decorah Bank and Trust’s card processor, Shazam. If you receive a call from any number asking for your personal or banking information, such as your debit card number, account number, social security number, online credentials, pin, […]

January 11, 2021 – The Economic Aid Act was signed into law on December 27th, 2020. Part of this act is the Paycheck Protection Program (PPP) Second Draw Program aimed at helping small businesses impacted by COVID-19. Providing $284 billion in new lending capacity, the program is set up to support our local businesses who […]