COVID-19 Resources

 

Access to Timberland Bank branch lobbies will be restricted in accordance with Washington State's COVID-19 response plan. If you need to access a safe deposit box, require special assistance with a financial matter, or want to schedule a loan appointment please call us at 1-800-562-8761 or contact us online. 

We are committed to serving our communities as a trusted financial partner, especially during these uncertain times. We encourage you to use the drive through facilities available at most Timberland Branches as well as online and mobile banking resources to access accounts. 

Timberland Bank Drive-ups, ATMs, night deposits and online banking services will remain available. Additionally, Timberland Bank staff will continue to be available via phone and email to assist customers. Thank you for your cooperation in helping us protect our customers and staff during the current COVID-19 outbreak.

 

---

In addition to traditional SBA lending programs, the CARES Act created several new, temporary programs to address the economic challenges facing small businesses during the COVID-19 outbreak. These programs include: the Paycheck Protection Program (PPP), Economic Injury Disaster Loan Emergency Advance (EIDL), SBA Express Bridge Loans, and SBA Debt Relief.

 

To learn more about each option, please visit the SBA's website.  Please visit the SBA's website for Coronavirus recovery information in languages other than English. 

 

The SBA implemented the Paycheck Protection Program (PPP) to provide small businesses with the resources needed to maintain payroll, hire back employees who may have been laid off, and cover applicable overhead costs. A fundamental part of the program’s enacting legislation dealt with forgiving a portion, or all of, the amount borrowed if funds were used for allowable expenses during a certain period of time.

PPP Loan Forgiveness 

We want you to be aware that guidelines governing forgiveness may change, and encourage you to monitor legislative actions and additional SBA amendments to current PPP guidelines at www.sba.gov and www.treasury.gov. 

Recently, the SBA and Treasury Department announced they had released certain information about PPP borrowers. Timberland and the banking industry, in general, were not in favor of the release of this data. We wanted you to be aware of the action taken by the agencies and have included below a listing of key information that was released:

• For loans of $150,000, or more – business name, business address, NAICS code, zip code, demographic data, information on non-profits, number of jobs supported, lender name and the range a borrower’s loan amount is in based on the following ranges:
  $150,000 - $350,000
  $350,000 - $1 million
  $1 million - $2 million
  $2 million - $5 million, and
  $5 million - $10 million
• For loans below $150,000 the agencies will not release business names but will report loan totals aggregated by zip code, industry, business type and by various demographic categories. 

 

 

Deposit checks into your personal accounts anytime, anywhere using a smartphone or web-enabled mobile device! Mobile check Deposit is secure and easy to use.

1. Enroll in Online Banking and download the Mobile Banking App in the Apple or Google Play app stores.
2. Sign into your mobile app and select ‘deposit’. First time Mobile Deposit users will be prompted to enroll in Mobile Deposit. Once enrolled, click ‘make a deposit’.
3. Enter the amount of the check and select which account you would like to deposit into.
4. Endorse your check and write, for mobile deposit at Timberland Bank only.
5. When prompted, take a photo of the front and back of your check.
6. You will receive an email notification from customerservice@timberlandbank.com when your mobile deposit has been successfully submitted and received by Timberland Bank.