Auburn State Bank Pledges $50,000 to Peru State College
Peru, Nebraska - Auburn State Bank recently donated $50,000 to Peru State College’s Project ROAR Campaign in support of the new facilities. This will help transform Peru State College and Southeast Nebraska with five new buildings. Auburn State Bank pledge amount will go to the naming rights for a basketball court in the multipurpose dome.
Auburn State Bank CEO Jeff Allgood said, "Peru State College is not only a cornerstone of Southeast Nebraska and more particularly Nemaha County, but also a major source of our identity. As a locally owned community bank with a history that also runs deep, we understand the benefit to our economy and quality of life that Peru State College brings to the area. We believe it important to support projects like this to help ensure their prominence remains well into the future and we are proud to be a part of it."
Project ROAR will add more than 104,000 square feet of indoor space to the campus. This more than doubles the square footage of the Peru State’s largest building, the Al Wheeler Activity Center. Three of the buildings will be near the baseball and softball fields at the Centennial Complex south of the main campus. The other two will be built on a practice field north of the Oak Bowl stadium. The largest components are large air-supported, artificially turfed domes at each site.
If you are interested in giving a tax-deductible donation, please call the Peru State College Foundation office, 402-872-2304 or email Ted Harshbarger at tharshbarger@peru.edu. Donors will have the option of spreading pledge gifts out through 2025. Peru State College plans to start breaking ground in 2023.
Nestled in the hills of historic southeast Nebraska, Peru State College offers a mix of innovative online and traditional classroom undergraduate and graduate programs, including online graduate degrees in education and organizational management.
Established in 1867 as Nebraska’s first college, Peru State has transformed over the past century and a half into a state-of-the-art institution offering diverse, multifaceted educational programs annually to nearly 2,000 students.
Auburn State Bank Participating in SBA Paycheck Protection Program
Auburn State Bank has processed over $3 million in Paycheck Protection Program (PPP) loans through the newly created Small Business Administration (SBA) program. This federal program earmarked $349 billion to aid small businesses impacted by the Coronavirus pandemic. These PPP loans are guaranteed by SBA and can be fully forgiven if the proceeds are used for allowable expenses including payroll, utilities, rent, and mortgage interest, with the requirement at least 75% of the loan amount be used for payroll expenses.
The CEO of Auburn State Bank said, “We have been working very hard the last two weeks to process and fund these loans, ensuring our small business customers have the opportunity to capitalize on this program while funding remains available. The program has not been without challenges. Many banks have struggled to gain access to the SBA program, while others chose to delay the funding of approved applications until program guidelines were finalized. At Auburn State Bank, we recognized the financial needs of our business customers and made the decision to fund these loans immediately to help limit employee layoffs during this critical time. Our philosophy as a locally-owned community bank is to be there when our community needs us. I am very proud of our lenders and staff for their extraordinary efforts to ensure our community businesses receive the support they need.”
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If you’re ready to view all your finances in one spot, with one secure login, get started today with CONNECTme. Give us a call at 402-274-4342 to learn more!
