We have been actively working with the U.S. Small Business Administration (SBA) since the inception of the Paycheck Protection Program (PPP) which began on Friday, April 3, 2020.  We are pleased to announce that prior to the PPP’s funds becoming fully depleted on Thursday, April 16, 2020, Watertown Savings Bank was able to obtain over $50 Million to help 385 local businesses provide continued wage support to 5,918 local employees.  The power and importance of Banking Local could not be more evident than they are today!  We are here for you, your small business and our community! 

The SBA’s (PPP) Paycheck Protection Program

We are currently accepting applications for a second round of the SBA’s PPP.  .

Submitting an application to WSB does not ensure funding will be obtained as program funding from the U.S. Treasury is limited.

If you are a local business interested in securing funds through the PPP, please complete and submit the forms below and we will work with you to process your request to the Small Business Administration.  For more information on the PPP, please visit the U.S. Treasury Department.



Loan Deferrals & Fee Waivers

Below you will find forms for Loan Deferrals.  Please click on the appropriate form to complete and submit online.  Feel free contact us with any questions or concerns you may have.

If you as a consumer or your small business are experiencing financial difficulties related to the Coronavirus, please contact us to speak with a loan officer or bank representative and we will work with you to devise a solution tailored to meet your present needs.  Watertown Savings Bank will be implementing various financial and debt relief measures to alleviate the adverse impact of the coronavirus on those consumers and small businesses that can demonstrate financial hardship.  Some of the immediate actions we will be taking include;


  • Loan payment deferrals and modifications on consumer and commercial loans. 
  • 90-Day Mortgage payment relief to affected consumers and commercial businesses. 
  • Providing new Consumer Loans on favorable terms. 
  • Providing new Commercial Loans on favorable terms. 
  • Waving late fees on Consumer and Commercial Loans. 
  • Waiving Overdraft Fees on Personal and Commercial Accounts. 
  • Waiving ATM Fees on Personal and Commercial Accounts. 
(Please be advised that all loan requests are subject to underwriting)


We are also working with the U.S. Small Business Administration (SBA) in making our small business customers aware of the SBA Disaster Loan Program which is now available in New York State and can provide loans of up to $2,000,000.00 for small businesses demonstrating economic injury. 

For more information, please visit