2021 CSBS Community Bank Case Study Competition Journal

2021 COMMUNITY BANK CASE STUDY COMPETITION

Two weeks to flatten the curve, essential employees, asynchronous, synchronous, Zoom, PPE, N-95, curbside pickup, elder hours, quarantine, social distancing, no elder contact, no indoor contact, no Easter, no Thanksgiving, no Christmas, streets vacant, no contrails, clearest blue skies, whole world quiet, hospitals at capacity, no spring break, no graduations, elbow bump, ventilators, Ships Mercy and Comfort, RNA technology, George Floyd, Breonna Taylor, social unrest, Black Lives Matter, #BankBlack, cancel culture, CHAZ, CHOP, states-rights v. federalism, PPP, remote work – Liberty in the Face of Challenge

• Liberty’s 2020 asset growth increased beyond majority peers due to an influx of deposits related to PPP loans and the Black Lives Matter (BLM) movement. • Beyond 2021, Liberty’s asset growth is projected to be higher than majority peers due to recent non-voting, equity capital injections from large financial institutions wanting to support black-owned minority banks. • Hurricane Katrina’s lessons were a silver lining in Liberty’s response to Covid-19.

• Liberty funded approximately $63.3 million Paycheck Protection Program (PPP) loans. • Liberty’s mission rises above formal programs to address diversity and inclusion. • Liberty’s economic impact transcends race. Liberty’s small business lending created an estimated $685,626,887 of new sales, $206,928,107 in taxable wage earnings and 5,061 new jobs across eight states.

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