Tag: Status
County Bancorp, Inc. Observes Improvements in Status of Loan Payment Deferrals
Total loan balances under customer support relief program down 50% during the fiscal third quarter-to-date
MANITOWOC, Wis., Sept. 14, 2020 (GLOBE NEWSWIRE) — County Bancorp, Inc. (NASDAQ: ICBK), the parent company for Investors Community Bank (collectively “the Company”), today announced an improvement in customers under payment deferrals related to COVID-19.
| September 11, 2020 | June 30, 2020 | |||||||||||||||||||||||
| Customers in payment deferral | Customers on interest only | Principal Balance | Customers in payment deferral | Customers on interest only | Principal Balance | |||||||||||||||||||
| (dollars in millions) | (dollars in millions) | |||||||||||||||||||||||
| Agriculture | 10 | 81 | $ | 77.6 | 9 | 83 | $ | 84.9 | ||||||||||||||||
| Commercial | 5 | 9 | $ | 23.1 | 35 | 54 | $ | 115.5 | ||||||||||||||||
| Total | 15 | 90 | $ | 100.7 | 44 | 137 | $ | 200.4 | ||||||||||||||||
“In March, we evaluated the potential impact of COVID-19 on the communities we serve, and our team quickly mobilized to help our customers through this crisis,” said Tim Schneider, CEO of Investors Community Bank. “While we have a variety of capabilities
Peloton Founder Hits Billionaire Status on Home-Exercise Frenzy
(Bloomberg) — Peloton Interactive Inc. founder John Foley is now a billionaire, thanks to a stunning rally in his home-fitness company’s shares since the pandemic began.
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After posting a video to Kickstarter in 2013, Foley, a cycling enthusiast, raised $307,000 to help get his fledgling in-home exercise startup off the ground.
The former e-commerce president at Barnes & Noble wanted to bring the indoor cycling classes like those he was taking at New York boutiques SoulCycle and Flywheel into people’s homes. He had high hopes for Peloton, comparing its approach of creating both hardware and software to Apple Inc. in the Kickstarter video.
But Foley couldn’t have predicted the pandemic seven years later that would shut down gyms and spur a home exercise boom not long after his company’s IPO. Since mid-March, Peloton shares have rallied about 350%, sending Foley’s net worth to $1.3 billion, according to the