Fee waivers, deferred payments and additional offers available
to support storm recovery.
Regions Bank on Friday announced a series of financial services
that are available to help people and businesses in portions of
Alabama, Florida and Mississippi that were impacted by Hurricane
Sally1. Options include payment extensions, the waiving of certain
fees, interest rate discounts and additional offers.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200918005051/en/
Special services announced by Regions
Bank are designed to help people and businesses along the Gulf
Coast. (Photo: Business Wire)
“Regions Bank has been part of the Gulf Coast and our inland
communities for many years, and we will be here in the days, weeks
and months to come as storm recovery moves forward,” said John
Turner, President and CEO of Regions Financial Corp. “These
financial services are designed to make the recovery easier, and we
encourage all customers impacted by Sally to contact us and discuss
your individual needs.”
Disaster-recovery financial services available for a limited
time include:
- No check-cashing fee for FEMA-issued checks cashed at Regions
branches in impacted areas
- Regions Mortgage Disaster Relief Purchase and Renovation loan
programs
- Personal and business loan payment assistance2
- Regions fees will be waived when the bank’s customers use other
banks’ ATMs in the impacted areas for 30 days beginning Friday,
Sept. 18.3
- One penalty-free CD withdrawal4
- An interest rate discount of 0.50% on new personal unsecured
loans5
- Business loan payment deferrals available up to 90 days
beginning Friday, Sept. 18²
- Payment extensions available for qualified credit card
holders²
- An interest rate discount of 0.50% on standard rates for new
business loans and/or lines of credit up to $1 million to help with
recovery needs in affected areas6
- An interest rate discount of 0.50% on a new unsecured business
term loan of up to $50,000 with a term of up to 36 months,
including waived origination or loan document fees and options for
the first payment to be deferred up to 90 days6
People and businesses in need of the deferrals, discounts and
related assistance are encouraged to contact Regions to discuss
individual needs and sign up for applicable services. Regions also
maintains a year-round Customer Assistance Program. Through this
program, bankers listen to the unique needs of individual customers
and explore various options to help address financial challenges,
such as those prompted by a natural disaster.
Some Regions locations in areas impacted by Sally remain closed
due to storm impacts. The bank maintains an updated list of branch
closures at this link on Regions.com. Digital banking services
remain available 24/7, and customer support can also be accessed by
phone.
Additional recovery information is available through the
Disaster Resource Center, linked here, on Regions.com. Also, for
questions regarding a mortgage, customers can call Regions’
mortgage hotline at 1-800-986-2462. For assistance regarding home
equity and other consumer loans, customers can dial
1-866-298-1113.
A dedicated team is also available at 1-800-411-9393 to help
with other questions and concerns regarding banking needs.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $144 billion in
assets, is a member of the S&P 500 Index and is one of the
nation’s largest full-service providers of consumer and commercial
banking, wealth management, and mortgage products and services.
Regions serves customers across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,400
banking offices and 2,000 ATMs. Regions Bank is an Equal Housing
Lender and Member FDIC. Additional information about Regions and
its full line of products and services can be found at
www.regions.com.
1 Offers are available for a limited time and only to
individuals and businesses affected by the recent disaster, may be
subject to other exclusions and restrictions, and are subject to
change without notice. All loans and lines, deferrals, extensions
or forbearances are subject to required documentation and credit
approval. Residency restrictions may apply. These offers are only
available in the following ZIP codes: 32413, 32437, 32439, 32459,
32461, 32462, 32501 – 32509, 32511 – 32514, 32516, 32520 – 32524,
32526, 32530, 32533 – 32535, 32540 – 32542, 32544, 32547 – 32550,
32559 – 32563, 32565, 32566, 32568 – 32572, 32577 – 32580, 32583,
32588, 32591, 36441, 36502 – 36505, 36507, 36509, 36511 – 36513,
36521 – 36523, 36525 – 36528, 36530, 36532, 36533, 36535, 36536,
36541 – 36544, 36547, 36549 – 36551, 36553, 36555, 36556, 36559 –
36562, 36564, 36567, 36568, 36571, 36572, 36574 – 36580, 36582,
36587, 36590, 36601 – 36613, 36615 – 36619, 36628, 36633, 36640,
36641, 36644, 36652, 36660, 36663, 36670, 36671, 36675, 36685,
36688, 36689, 36691, 36693, 36695, 39452, 39552, 39553, 39555,
39562 – 39565, 39567 – 39569, 39581, 39595
2 Subject to credit approval. Interest will continue to
accrue during the period that the payment is skipped or deferred.
For installment loans, deferring or skipping payment may extend the
maturity of your loan but will not automatically extend any
optional insurance. Forbearances, skipped payments, and deferrals
generally (a) vary by customer, (b) postpone – rather than forgive
– certain payment obligations, and (c) require payment in full of
the postponed payments at the end of the forbearance or deferral
period, in addition to any other amounts that come due, unless you
make other arrangements with Regions to resolve the
delinquency.
3 Regions customers who use other companies’ ATMs may be
charged an ATM service fee by the owner of the ATM.
4 The no-penalty offer allows customers to make one
partial or complete withdrawal without penalty. The penalty-free
withdrawal must be made more than seven days after the issue date
or the most recent renewal date (whichever is later). Any other
withdrawals will be subject to penalties.
5 Applications submitted online are not eligible for the
loan rate discount.
6 New business loan rate discount may not be combined
with other special offers or discounts. Interest will accrue during
the optional 90-day payment deferral period for unsecured business
loans if elected.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200918005051/en/
Jennifer Elmore Regions Bank 205-264-4551
Regions News Online: regions.doingmoretoday.com Regions News on
Twitter: @RegionsNews
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