GREEN BAY, Wis., March 21, 2020 /PRNewswire/ — Related Financial institution introduced at present extra steps being taken to help shopper and enterprise clients impacted by the financial penalties of COVID-19.
“Related Financial institution has an extended historical past of supporting our clients 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 clients experiencing monetary hardships because of sickness or modifications at work, and to supply small enterprise house owners help choices to assist protect their future operations.”
Related Financial institution’s COVID-19 Aid Program contains:
- Payment Suspension – Suspending charges on a variety of mortgage and deposit merchandise as much as 90 days.
- Mortgage Deferral Applications – Providing cost deferrals for as much as 90 days on shopper, mortgage and small enterprise loans.
- Credit score Card Fee Aid – Providing short-term cost reduction help and payment waivers for shopper and small enterprise bank cards.
- Suspension of Foreclosures and Repossession Applications – Suspending foreclosures exercise on properties and new repossession actions for 60 days.
Further particulars concerning the Related Financial institution COVID-19 Aid Program and different assets obtainable to clients can be found at www.AssociatedBank.com/COVID-19. Related Financial institution continues to guage its COVID-19 efforts and can contemplate choices to increase or develop its reduction program because the scenario evolves.
For the well being and well-being of its clients, colleagues and communities, Related Financial institution suspended foyer entry at its department places 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 via, ATM and night time deposit field providers stay obtainable.
Related Financial institution is continuous to pay colleagues whose work is affected by modifications to its providers. The corporate has additionally expanded its go away 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 complete belongings of $32 billion and is likely one of the high 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 places 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 accessible at www.associatedbank.com.
Contact: Jennifer Kaminski
Vice President | Public Relations Senior Supervisor
920-491-7576 | Jennifer.Kaminski@associatedbank.com
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SOURCE Related Banc-Corp