Covid-19 Response

Yampa Valley Bank is here to help those who are affected by Covid-19. This page outlines available economic relief efforts, actions being taken at both of our branches, and details on how we are supporting our communities. 


Lobby Operations

Our lobbies have officially reopened! Both our Steamboat Springs and Craig locations have resumed normal lobby hours. We will continue providing services by appointment for non-teller services, and encourage customers to contact us to schedule an appointment. 

In order to ensure the health and wellness of our customers and staff, we are taking the following steps in our buildings: 

  • Social distancing is required. Please maintain at least 6 feet between yourself and others at all times. There are decals on the floor to indicate proper spacing.
  • YVB staff will wear face coverings when assisting customers.
  • All customers in Steamboat Springs and Craig are required to wear a cloth face mask that covers the mouth and nose, per the Colorado Executive Order effectiveJuly 17, 2020. Please note that if you are wearing a face mask, you may be asked to briefly remove it for identification purposes.
  • Due to limited space for social distancing, we are regulating the number of customers allowed in our buildings, so please be understanding if you are asked to wait outside before being allowed into the bank. To avoid wait time, you may contact us to schedule an appointment for any non-teller services.
  • There is signage in our lobby and building to remind and encourage social distancing. Please respect these directions and other visitors.
  • If you have a fever or are not feeling well, please utilize our online banking services or our drive-thru.

Online Banking Resources

Below is a list of our secure online and mobile banking services that are available through our website and on our mobile app. Please give us a call if you need assistance setting up your mobile banking options.

  • Check balances and make transfer via Online Banking through our homepage or mobile app
  • Deposit checks directly into your account using mobile deposit on our mobile app
  • Send or request money with Zelle. Sign up now through your online banking!
  • Set up ACH and electronic transfer services
  • Remotely handle expenses with Bill Pay
  • Call 970-879-9200 for 24/7 debit card support
  • Call 855-982-2265 for voice banking services
  • Easily open an account online - click here to get started!


  • Set up real-time alerts for your accounts, such as balances, transfers & deposit notices, through your online banking
  • Register for Apple Pay or Google Pay to use your debit card contact-free

Supporting the Community 

We know that as the only locally owned bank in the Yampa Valley that we have a responsibility to support our community during this time. In April of 2020, we launched our To-Go Together campaign in which all to-go orders purchased from 27 participating restaurants were matched in a donation to LiftUp of Routt County and the Inter-Faith Food Bank of Moffat County. Overall, this campaign raised $53,000 for local Covid-19 emergency assistance programs. Watch an interview on To-Go Together with President & CEO PJ Wharton here or read about the campaign in the Steamboat Pilot  here



If you are looking for other ways to support the community, please visit  and contribute to their fund for businesses and individuals who have been impacted by the Covid-19 pandemic. 

Covid-19 Relief Programs

Yampa Valley Bank has been dedicated to helping Routt and Moffat County navigate the assistance programs included within the Coronavirus Aid, Relief and Economic Security ACT (CARES) Act. Click here to watch a story by CBS News Denver on how we processed over 400 loans worth $33 million in one week. Below is some information that may be beneficial to you and your business regarding programs administered through the Small Business Administration (SBA) and through YVB. 

Economic Injury Disaster Loans (EIDL) remain available through the SBA. These are emergency loans for the purpose of funding expenses that cannot be paid due to the impact of COVID-19. For businesses with a temporary loss of revenue, this loan may allow an advance of up to $10,000 within three days of loan approval, and that advance may not need to be repaid. More information is available, and you may apply for a loan directly through the SBA website here.

Payroll Protection Program (PPP) Loans, a component of the CARES Act, remain available through certified SBA lender banks, including YVB, until August 8, 2020, or until funds have been exhausted. PPP Loans are intended to assist businesses or self-employed individuals in covering various short-term costs including rent, interest expense, and most importantly payroll expenses so that small businesses may better retain their employees in the current environment. As a component of this loan, a borrower may apply for a loan amount equal to 8 weeks of expenses as calculated by a formula, but then later receive forgiveness for up to 24 weeks of those expenses. These loans will be guaranteed by the SBA, but the bank will take and process your application, and provide loan funds. For much more information, visit the U.S. Department of Treasury info page.

There have been a significant number of changes to this program since it was originally released. Following is a summary of changes as of June 5, 2020, though changes continue to be instituted:

  • Extension of the loan maturity from two to five years, for loans made on or after June 5, 2020.
  • Extension of the deferral period for principal and interest payments until the date on which SBA remits the loan forgiveness amount on a loan to the lender (or notifies the lender that no loan forgiveness is allowed), if the borrower applies for forgiveness within ten months after the end of the loan forgiveness covered period. 
  • Implementation of the reduction of expenses required to be spent on payroll from 75% to 60% and interpretation that borrowers who fail to hit the 60% threshold remain eligible for partial forgiveness. 
  • Adds "refinancing an SBA EIDL loan made between January 31 and April 3" to the list of allowable expenses for PPP loan proceeds and clarifies that, "If your EIDL loan was not used for payroll costs, it does not affect your eligibility for a PPP loan. If your EIDL loan was used for payroll costs, your PPP loan must be used to refinance your EIDL loan. Proceeds from any advance up to $10,000 on the EIDL loan will be deducted from the loan forgiveness amount on the PPP loan."
  • Provides borrowers receiving loans before June 5, 2020 the flexibility to elect whether to use the 8-week or 24-week covered period for loan forgiveness.
  • As of July 4th, the last day on which lenders can receive a SBA loan number for a PPP loan is August 8, 2020.

PPP Loan Application 

When applying with YVB for a PPP Loan, the following will need to be included for processing to begin:

  • A COMPLETED and SIGNED PPP Borrower Application form

  • Any necessary Addenda
  • Tax and/or other documentation fully supporting the loan amount for which you are applying, for example:
  • Payroll tax reports (Forms 941, 940) for 2019 and first quarter of 2020
  • Payroll reports for each pay period for 2019 and year to date 2020 showing all wages, including PTO, sick, etc.
  • Proof of group health insurance premiums paid by the company for 2019 and year to date 2020 (monthly invoices)
  • Proof of retirement plan contributions for 2019 and year to date 2020 (if applicable)
  • For Sole Proprietors: 2019 or 2018 Tax Return Schedule C (Loan Amount = Net Profit / 12 x 2.5)
  • For Independent Contractors: Form(s) 1099 Misc.
  • For borrowers that do not have any such documentation, the borrower must provide other supporting documentation, such as bank records, sufficient to demonstrate the qualifying payroll amount.
  • For all borrowers, information should be submitted in an organized fashion, with any summaries necessary to clearly document calculation of your loan amount. In addition to support information, YVB recommends utilizing a spreadsheet, such as those provided by the American Institute of CPAs (AICPA) on the PPP resource page of the AICPA website, to fully document the loan amount calculation.
  • Notation of the breakdown between Payroll and other expenses requested (100% Payroll vs. 75% Payroll & 25% Other)
  • Documentation concerning any additional expenses requested to be covered, such as rent, mortgage interest payments or utilities
  • If not shown in submitted documents, the starting date of your business
  • Your preferred/anticipated closing date for the loan

PPP Loan Forgiveness Process and Application

After having received PPP Loan funds from YVB, and spent them in a manner consistent with the program’s requirements, you may apply for forgiveness of those expenditures.

Though there are updated documents, such as the Forgiveness Application Form and Forgiveness Application EZ Form along with all applicable instructions, available on the Treasury website, YVB will be utilizing an online portal to assist borrowers in applying for forgiveness. This portal, and therefore YVB’s ability to process Forgiveness Applications, is not yet in place. We anticipate that this secure portal will be populated with much of the information related to your application, and will allow you to easily calculate and provide the remainder of the necessary information electronically, including the ability to upload supporting documents. This portal should be available in the near future - all YVB PPP borrowers will be notified when it is available.

The following are additional links to forms and information related to PPP Loans: 

Additional COVID-19 Related Loan Information:

For existing Yampa Valley Bank loans, YVB is offering up to 3-month payment deferments OR up to 6-months of conversion of amortized loans to interest-only payments. If you have been detrimentally affected by COVID-19 related issues and need this assistance, please contact us to see how we can help.

For EXISTING SBA loans, the CARES Act requires the SBA to make payments for borrowers, for a six month period and encourages banks to defer payments on these loans.

Please contact your YVB Loan Officer with any questions that you may have.

Other Resources Related to Covid-19

  • For the latest updates on the Covid-19 pandemic and health guidelines, please visit the CDC's website
  • Scammers are taking advantage of fears and uncertainty surrounding Covid-19. Many emails and websites may promise vital information about the pandemic but are, in fact, scams that push malware or attempts to steal your passwords and personal information. Here are some tips to prevent this from happening to you:
    • Don’t open attachments or click on links unless you are 100% sure where they came from. If you aren’t sure, call the person and then click.
    • Be careful about people using calls/voicemail or text message to get your personal information. If someone is calling or texting for personal information or payment information, just say no.
    • Look at your credit card statements daily or turn on notifications through your online banking. The amount of fraud is rising dramatically – turn on notifications for all purchases on your cards, set limits and check your statements daily. It’ll take a few minutes a day, but it can save your hours of hassle if they aren’t discovered until later.
    • There are some “hot topics” besides coronavirus. The CARES Act/Economic Relief. Shelter-in-place. Toilet paper. Criminals will use these buzzwords to make you want to click.
  • Click here for additional information from the FTC regarding coronavirus phishing and malware attempts. 


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