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First Option Bank Covid-19 Response

On December 27, 2020, President Trump signed the latest COVID-19 relief package into law. The package provides for changes to the Paycheck Protection Program and another round of stimulus payments. The information on this site is subject to change as these agencies finalize guidance and rules for how legislation will be enacted.


As we monitor COVID-19, First Option is here for you.

As events continue to unfold related to Coronavirus COVID-19, your ability to manage your finances safely and securely is our top priority.

We’re committed to keeping in touch with you during this time and will make continuing updates on this page. More information on COVID-19 is available from the Centers for Disease Control and Prevention (CDC).


An update on the latest relief package

On December 27, 2020, President Trump signed into law the $2.3 trillion 2021 Consolidated Appropriations Act. The 5,500-plus page bill funds regular Federal government operations for the rest of fiscal year 2021. It also includes more than $900 billion in additional coronavirus relief, which extends and modifies assistance measures created in March with enactment of the CARES Act. This latest relief package includes provisions for the following:

  • A new round of $600 direct payments to most Americans. This amount may be increased pending further action from Congress. We’ll provide an update if the amount is changed. Learn more about Stimulus Payment.
  • $300 a week in extra unemployment benefits through March.
  • $284 billion for the Paycheck Protection Program, including an opportunity for smaller and harder-hit businesses to apply for a second PPP loan, known as “second draw loans."
  • Expanded forgivable expenses for PPP borrowers.
  • A simpler PPP loan forgiveness application for loans $150,000 and under.
  • The repeal of a CARES Act provision that required PPP borrowers to deduct the amount of their EIDL advance from their PPP forgiveness amount.

First Option will continue to participate in the PPP, and we remain committed to serving our customers during these challenging times. We are not yet accepting PPP applications. Learn more about Paycheck Protection Program changes.

As a reminder, the Treasury Department and SBA will need to implement the legislation before some of the bill’s provisions are available.

We’re open for you — with multiple servicing options to meet your needs and keep everyone safe.

Our drive-thrus, ATMs, and digital banking are ready to serve your banking needs. Here are a few things to know before you visit us:

  • For your safety and theirs, all First Option staff members and customers are required to wear masks, when in the lobby. Our staff is equipped and trained to follow CDC best practices, including social distancing.
  • If you prefer a more limited contact option, we’ve expanded some of our drive-thru services. Let us know how we can help.
  • We have partnered with Proactive Protect and utilize their Long Lasting Nano-Tech Virus Disinfecting Solutions.
  • We also have an increased focus on cleaning ATMs and are supplementing routine maintenance with additional cleanings by branch and facilities staff.

Bank close to home with convenient banking options

  • First Option Digital Banking is all about convenience and security. These services allow you to access your account from nearly anywhere, all while maintaining the highest level of security to protect your finances. You can check balances, pay bills, and transfer funds online 24/7. In addition, the First Option Bank app lets you deposit checks anywhere, anytime with mobile deposit. Enroll today online or download the app. If you need assistance enrolling, please call 913-557-0800.

Enroll in Online Banking

  • ATMs – First Option Bank ATMs aren’t just for accessing cash. You can also check balances, and make deposits. 

Protect against identity theft and fraud

Fraudsters are taking advantage of uncertainty around COVID-19 among business owners and individuals. Please exercise even more caution opening emails and clicking on links, and do not provide personal information over the phone, by email, or through unfamiliar websites. Learn more about the latest threats and Identity Theft Fraud.

Our First Option family members matter

As much as we value you, we value our staff who take such great care of you. While they are on our frontlines and providing support in our back offices, they’re simultaneously dealing with impacts to their own lives. To support and protect them, we’re practicing diligent cleaning procedures, including partnership with Proactive Protect, to protect our staff and customers who work in or visit our Locations.


Important disclosure information

Disclosure: Your application to participate in the SBA Paycheck Protection Program, including any second draw loans, is subject to review of information and documents the SBA or we may require you to provide. Loan approval is not guaranteed. First Option Bank will not pay fees to or otherwise compensate anyone acting as an agent of the applicant for advising on or assisting in the preparation of the Paycheck Protection Program application or otherwise.

First Option Bank will process your application for loan forgiveness as the originating lender for your PPP loan based on the guidance and parameters established by the SBA, which may be subject to change. The SBA, and not First Option Bank, sets the criteria for loan forgiveness, including the eligibility criteria and the parameters that determine how much of your loan may be forgiven. The SBA may instruct us to hold your loan forgiveness application if it decides to conduct a review of your application, or it may instruct us to deny your loan forgiveness application. In its guidance, the SBA has indicated the reasons why it may decide to review an application for loan forgiveness.

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