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Loan forbearance options and available assistance

Customers and friends:

We pray that you are staying safe and continuing to observe proper social distancing protocols (all the info you could want on the Centers for Disease Control website: CDC COVID-19 page).   Below we have summarized some of the ways which we can help, as well as government programs that also may be of assistance to you. 

If you, like many individuals and business, are suffering financially because of the impacts of COVID-19, we have two ways to help you with your loan payment obligations:

Option A:  You may make only the interest payment due on your loan for the next three payments which are due.   Regular monthly payments would resume thereafter.   This option will cost you less money than Option B below over the long term.  Please call your loan officer if you would like to pay interest only payments for the next 90 days. 

Option B: The bank will defer your principal and interest payments for 90 days or three full payments with your normal monthly payment to resume on the fourth month.   Interest will continue to accrue on your loan during the period of time that interest is deferred and will cause the maturity of your loan to be extended.   If you are deferring payments on a mortgage loan with escrow, we suggest that you make the escrow payment if possible.  If escrow payments are not made, your monthly payment will increase at the next escrow analysis and will collect the missed amounts over a twelve month period.   To apply for a loan deferral click here: Loan payment deferral to be taken to the application form.  

There are also government programs in place or being put in place to assist both businesses and consumers.  For businesses two new programs are or will be available:

SBA Economic Injury Disaster Loan - Offers loans of up to $2 million dollars for qualified businesses to meet working capital and operating expenses.  They also offer an emergency advance of up to $10,000 within 3 days of application.  More information as well as the application form can be found here:  SBA EIDL Program

Paycheck Protection Program - This was part of the CARES Act passed by Congress late last week. It is designed to assist businesses in keeping their employees on their payroll.   Offers loans of up to 250% of average monthly payroll expenses and some or all may be forgivable.  Full details have not yet been made available by the SBA, but a brief summary is available on their website here:  SBA Paycheck Protection Program .  Full details should be available at the same site in the very near future. 

For individuals, the CARES Act also includes payments of up to $1,200 for eligible taxpayers.  Checks will be issued by the US Treasury in approximately mid-late April and will be sent to the deposit account where your last tax refund was sent or will be mailed if the IRS does not have a bank account on file.   The payments phase out for incomes over $75,000 for single files and $150,000 for joint filers. 

As always, if we may be of assistance, please let any of our bankers know and we will do our best to help.


Archived Update from March 25, 2020

We thank you for your continued patience and cooperation as we work to continue to work to serve your banking needs while protecting our communities, customers and employees.   As noted below, we continue to operate all of our locations through our drive-up windows as well as meeting your in-person banking needs via appointment.  

Some items of note that we believe are important for you to know:

  • We are an essential business as designated by the Governor as well as the Department of Homeland Security.  We intend to remain open for business throughout this event.   Your money is safe and accessible when you need it.   We do encourage you not to withdraw and keep large sums of cash at home.   Your funds here are insured by the FDIC up to $250,000 per depositor and no insured depositor has ever lost money since the inception of the FDIC in 1933.


  • Given the current situation, we have decided to reduce the 12 debit card swipe qualification requirement for our Kasasa Cash and Kasasa Cash Back account holders to 6 swipes. The other qualification requirements, receiving e-statements and logging on to online or mobile banking at least once per month, will remain in place. This change is in effect for the cycles ending April 9, 2020 and May 9, 2020.  We will re-evaluate the situation periodially and may extend the change as appropriate.

Again, thanks for your patience, understanding and support.  We're proud to be your bank. 


Archived letter 3/20/20

The Grant County Bank is committed to the communities we serve.  This means placing the health and safety of our communities, customers and employees at the forefront of our decisions as we navigate the rapidly evolving situation with COVID-19 (coronavirus).  

Based on the recommendations and guidance of the CDC, along with other state and national public health agencies, we believe that we need to do our part to help “flatten the curve” and slow the spread of the coronavirus.   Therefore, effective Friday, March 20th, the lobbies in Davis, Canaan and Harman will be closed.  Beginning on Saturday, March 21st we will be closing the lobbies in our Peterburg, Keyser, Riverton and Moorefield offices.   We will reassess the situation weekly and will reopen our lobbies as soon as we believe it is prudent to do so.  

Our drive-thru services will continue to be available at each location and will be open to serve your banking needs on the same hours as we operate on currently.   In addition, our ATM’s and night deposit service will continue to operate normally.  

For customers who need personal assistance to open an account, obtain a loan, access their safe deposit box, etc.. we will offer access on an appointment-only basis.    To make an appointment, please contact your local office and we will be glad to assist you in scheduling your appointment. 

In addition, don’t forget about our great suite of online and mobile banking products that are available for your use.   These include online banking at or our Grant County Bank Mobile Bank App, which is available on Google Play and the Apple App Store.   You can check balances, transfer funds, make deposits or pay bills without ever leaving your home.   

Please know that we intend to remain open throughout this time to serve your banking needs.  While the methods may be slightly different, we are committed to providing you with the great service and products you have become accustomed to at The Grant County Bank. 

We also know that financial uncertainty is a concern for many.   Please know that we are here and available to assist you with any financial needs, so if you are experiencing a loss of income due to reduced hours, layoffs, or other extenuating circumstances, please call any of our bankers to discuss your situation.   We can help.  

We very much appreciate your patience and understanding as we all navigate these challenging times together.  

Best wishes to you and your family,


George L. Ford

President & CEO