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Bern Bank Receives 1.5 Million Dollars for Small Business Loans

The U.S. Department of the Treasury says a Bern Bank is among three additional Kansas community banks that will receive a total of $2.7 million as part of the next wave of funding provided through the Small Business Lending Fund.

Bern Bancshares Inc., which owns the State Bank of Bern, will receive $1.5 million.

The Small Business Lending Fund, which was established as part of the Small Business Jobs Act that President Obama signed into law, encourages community banks to increase their lending to small businesses, helping those companies expand their operations and create new jobs.

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