Areas Bank Offers help people and organizations Affected by Hurricane Michael

BIRMINGHAM, Ala. –( COMPANY WIRE )–Regions Bank today announced a few monetary solutions, including re payment extensions while the waiving of particular charges, to aid individuals and companies in FEMA-declared tragedy areas suffering from Hurricane Michael.

“Regions Bank is dedicated to assisting our clients and communities afflicted with Hurricane Michael, ” said Steve Nivet, customer Banking Regional Executive. “By supplying resources that are financial guidance and solutions, develop we are able to result in the data data data recovery easier. ”

Disaster-recovery economic solutions 1 available in FEMA-declared tragedy areas, for a restricted time, consist of:

  • No check-cashing cost for FEMA-issued checks
  • Regions Mortgage Disaster Relief Purchase and Renovation loan programs
  • Private and company loan re payment help 2
  • One CD withdrawal that is penalty-free 3
  • 0.50% discount and waiver of $150 loan processing charge on brand new individual loans that are unsecured
  • Company loan re payment deferrals available as much as 3 months 2
  • Re re re Payment extensions for present charge card holders 2
  • Surcharges and international ATM costs waived for thirty days
  • 0.50% discount on standard rates for brand new business loans/lines of credit as much as $1 million to support recovery requirements for all those in affected region 5
  • 0.50% discount on brand brand new business that is unsecured loan as much as $50,000 with as much as 36 thirty days term including waived origination/loan document charges and choices for very very first re re payment become deferred as much as 3 months 5

Hurricane Michael updates can be found through the Disaster Resource focus on Regions.com. Resources for areas mortgage customers can be received through also the Regions Customer Assistance Program. General account solutions can also be found at any time via regions.com and areas’ mobile solutions.

For concerns regarding home financing, clients may call Regions’ home loan hotline at 1-800-986-2462. For support regarding house equity along with other customer loans, clients may phone 1-866-298-1113. A specific group is available at 1-800-411-9393 to simply help with other concerns and issues regarding banking requirements.

About Areas Financial Corporation

Regions Financial Corporation (NYSE: RF), with $125 billion in assets, is an associate regarding the S&P 500 Index and it is certainly one of the nation’s largest full-service providers of customer and banking that is commercial wide range administration, and home loan products. Areas acts customers throughout the Southern, Midwest and Texas, and through its subsidiary, Areas Bank, user FDIC, runs roughly 1,500 banking workplaces and 2,000 ATMs. Extra information about areas and its own line that is full of and services is available at www. Regions.com.

1 special deals are offered for a restricted time and simply to people and companies suffering from storm harm in FEMA-declared catastrophe areas and could be susceptible to other exclusions and limitations and they are susceptible to alter with no warning. All loans and lines, extensions and forbearances are susceptible to documentation that is required credit approval. Residency limitations may use.

2 re Payment deferrals, extensions and forbearances are at the mercy of credit approval. Interest will continue steadily to accrue throughout the duration that the re payment is extended, missed or deferred. For installment loans, expanding, deferring or skipping re payment will expand the maturity of the loan but will likely not immediately expand any insurance that is optional.

3 The no-penalty offer enables clients to produce one partial or complete withdrawal without penalty. The withdrawal that is penalty-free be manufactured a lot payday loans MA more than 7 days after the problem date or perhaps the latest renewal date (whichever is later on). Some other withdrawals is going to be susceptible to charges.

4 Applications submitted on the web are not qualified to receive the mortgage application cost waiver.

5 start up business loan price discount may possibly not be along with other offers that are special discounts. Interest will accrue throughout the optional 90 time repayment deferral period for unsecured loans if elected.

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