BIRMINGHAM, Alabama – (COMMERCIAL THREAD) –Bank of regions today announced a suite of financial services, including payment extensions and fee waivers, to help people and businesses in FEMA-declared disaster areas affected by Hurricane Michael.
“Regions Bank is committed to helping our customers and the communities affected by Hurricane Michael,” said Steve Nivet, Regional Director of Consumer Banking Services. “By providing financial resources, advice and services, we hope to be able to facilitate the recovery. ”
Disaster recovery financial services1 available in disaster areas declared by FEMA, for a limited time, include:
No check cashing fees for checks issued by FEMA
Disaster Relief Mortgage Purchase and Renovation Loan Programs
Repayment assistance for personal and professional loans2
CD withdrawal without penalty3
0.50% discount and $ 150 loan processing fee waiver on new unsecured personal loans4
Business loan payment deferrals available for up to 90 days2
Payment extensions for current credit card holders2
Foreign ATM surcharges and fees waived for 30 days
0.50% off standard rates for new business loans / lines of credit up to $ 1 million to meet the recovery needs of people in the affected area5
0.50% cashback on new unsecured business term loans up to $ 50,000 with a maximum term of 36 months including waiver of set-up fees / loan documents and options for that first payment either deferred up to 90 days5
Updates on Hurricane Michael are available through the Disaster Resource Center on Regions.com. Resources for regions Mortgage clients can also be received via regions Customer Assistance Program. General account services are also available at any time via regions.com
and regional mobile services.
For questions about a mortgage, customers can call Regions’ Mortgage Help Line at 1-800-986-2462. For assistance with home equity and other consumer loans, clients can call 1-866-298-1113. A dedicated team is available at 1-800-411-9393 to answer other questions and concerns regarding banking needs.
About the Régions Finance Company
Regions Financial Corporation (NYSE: RF), with $ 125 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of personal and business banking services , wealth management and mortgage products and services. Regions serves customers in the South, Midwest and Texas and, through its subsidiary, Regions Bank, a member of the FDIC, operates approximately 1,500 bank offices and 2,000 ATMs. Additional information about Regions and its full range of products and services can be found at www.regions.com.
1Special offers are available for a limited time and only to individuals and businesses affected by storm damage in FEMA declared disaster areas and may be subject to other exclusions and restrictions and are subject to change without prior notice. All loans and lines, extensions and forbearances are subject to required documentation and credit approval. Residence restrictions may apply.
2Deferrals, extensions and withholding payments are subject to credit approval. Interest will continue to accrue during the period during which payment is extended, skipped or deferred. For installment loans, extending, deferring or skipping payment will lengthen the maturity of your loan but will not automatically extend optional insurance.
3The No Penalty Offer allows customers to make a partial or full withdrawal without penalty. Withdrawal without penalty must be made more than seven days after the date of issue or the most recent renewal date (whichever is later). Any other withdrawal will be subject to penalties.
4Applications submitted online are not eligible for the loan application fee waiver.
5The New Business Loan Rate Discount cannot be combined with any other special offers or discounts. Interest will accrue during the optional 90-day deferral period for unsecured business loans, if chosen.