Related Financial institution introduced immediately extra steps being taken to help shopper and enterprise prospects impacted by the financial penalties of COVID-19.
“Related Financial institution has a protracted historical past of supporting our prospects and communities of their occasions of want, and we’re right here to help them now and thru the uncertainties but to return,” stated Philip B. Flynn, president and CEO. “Our COVID-19 Aid Program is designed to assist reduce monetary pressure on prospects experiencing monetary hardships on account of sickness or modifications at work, and to supply small enterprise homeowners help choices to assist protect their future operations.”
Related Financial institution’s COVID-19 Aid Program contains:
- Price Suspension – Suspending charges on a variety of mortgage and deposit merchandise as much as 90 days.
- Mortgage Deferral Packages – Providing fee deferrals for as much as 90 days on shopper, mortgage and small enterprise loans.
- Credit score Card Fee Aid – Providing short-term fee aid help and payment waivers for shopper and small enterprise bank cards.
- Suspension of Foreclosures and Repossession Packages – Suspending foreclosures exercise on properties and new repossession actions for 60 days.
Extra particulars concerning the Related Financial institution COVID-19 Aid Program and different sources accessible to prospects can be found at www.AssociatedBank.com/COVID-19. Related Financial institution continues to guage its COVID-19 efforts and can think about choices to increase or develop its aid program because the scenario evolves.
For the well being and well-being of its prospects, colleagues and communities, Related Financial institution suspended foyer entry at its department areas on March 17, 2020. Prospects are inspired to make use of on-line and cell banking providers, which give self-service banking 24/7/365. The corporate’s drive through, ATM and night time deposit field providers stay accessible.
Related Financial institution is continuous to pay colleagues whose work is affected by modifications to its providers. The corporate has additionally expanded its depart insurance policies to accommodate private or household well being circumstances brought on by COVID-19.
ABOUT ASSOCIATED BANC-CORP
Related Banc-Corp (NYSE: ASB) has whole property of $32 billion and is among the prime 50 publicly traded U.S. financial institution holding firms. Headquartered in Inexperienced Bay, Wisconsin, Related is a number one Midwest banking franchise, providing a full vary of economic services from greater than 240 banking areas serving greater than 120 communities all through Wisconsin, Illinois and Minnesota, and industrial monetary providers in Indiana, Michigan, Missouri, Ohio and Texas. Related Financial institution, N.A. is an Equal Housing Lender, Equal Alternative Lender and Member FDIC. Extra details about Related Banc-Corp is offered at www.associatedbank.com.