Tag Archives: David Deanda

Lone Star Steps Up To Help

Finance/Banking News Comments
Restaurants like this one in Brownsville are the type of businesses that applied for SBA emergency loans. (VBR)

Lone Star National Bank President David Deanda knew he and his staff had the challenge of a banking lifetime before them.  The outbreak of COVID-19 had brought the South Texas economy to a sudden and shocking halt. Small businesses in the Rio Grande Valley were soon desperate for help. The federal government offered two lifelines. One was the Paycheck Protection Program. The other was the Economic Injury Disaster program.  Both…

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Containing COVID Is Key To Economic Recovery

Finance/Banking News Comments
Restaurants and retailing have been hurt badly by COVID-19 outbreak and business shutdowns. (VBR)

The Rio Grande Valley’s economic recovery from the COVID-19 crisis will be prolonged. It could take 12-to-18 months, at the minimum, said leading bankers and economic development specialists. They say the recovery from the widespread business shutdowns this spring will stretch well into 2021. Recovery will also be dependent on one key factor. “It’s all going to depend on how we contain COVID,” said David Deanda, the president of Lone…

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