We have decided that we are going to begin collecting deferred interest once payments resume. What we are not sure of is how we will need to make adjustments for billing interest only loans. I would love to hear how other banks are going to be handling. This was not how we initially planned to handle the interest but will be how we are handling going forward.

Dawn

Dawn Hathaway
Senior Vice President
Loan Administration Officer

P: (267) 337-6829 n F: (267) 880-0155 n M: (609) 206-9185
60 N. Main Street n Doylestown, PA 18901
xxxxxx@YourCovenantBank.com n YourCovenantBank.com
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From: xxxxxx@marug.simplelists.com [mailto:xxxxxx@marug.simplelists.com] On Behalf Of Amy Shimp
Sent: Wednesday, March 25, 2020 10:57 AM
To: xxxxxx@simplelists.com
Subject: [BULK] SilverLake MA-RUG Payment deferrals on Commercial Loans

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How are other banks planning on handling the interest for payment deferrals on commercials loans?

Amy Shimp

Assistant Vice President

Loan Services Manager

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P 215-538-5600 x 5629

F 215-538-5797

E xxxxxx@qnbbank.com

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