Regions Bank Responds with Financial Aid After Hurricane Milton
In response to the devastation caused by Hurricane Milton, Regions Bank has stepped up to provide crucial financial assistance for individuals and businesses in the affected areas of Florida. Understanding the hardships faced by the community, the bank has announced a series of disaster-recovery services aimed at easing the financial burden during these challenging times.
Disaster-Recovery Financial Services
Regions Bank is introducing a comprehensive set of financial services that cater to the immediate needs of the impacted communities. "Our hearts are with everyone who’s been affected by Milton, and in the days, weeks, and months to come, our teams stand ready to help people assess their financial needs and build a plan to move forward confidently," stated John Jordan, head of Retail for Regions Bank. This personalized approach underscores the bank's commitment to supporting its customers through recovery.
Special Services Offered
The range of services includes the following special offers available for a limited time:
- The bank will waive ATM surcharges at Regions ATMs for non-customers in affected areas.
- Regions Bank is also waiving fees for its customers when using other banks’ ATMs in the impacted regions.
- Special mortgage loan programs, including Disaster Relief Purchase and Renovation loans, are being offered.
- Check-cashing fees for FEMA-issued checks will be waived at Regions branches.
- Payment assistance for personal and business loans is available for qualified customers.
- Credit card holders can access payment deferrals for their current loans.
- Business clients can receive deferred payments of up to 90 days on loans.
- Regions is offering one penalty-free CD withdrawal upon request.
- A 0.50% interest rate discount is available on new personal unsecured loans when applied for through branches or a phone call.
- Business loans or lines of credit of up to $1 million will also come with a 0.50% discount to assist with recovery needs.
- Interest rate discounts apply to new unsecured business term loans of up to $50,000, coupled with the option to defer first payments for 90 days.
- A discount on auto loans is available for applicants through in-branch or phone processes.
A Dedicated Contact Center for Support
For questions and assistance regarding various types of loans and accounts during this disaster recovery period, Regions Bank provides dedicated contact numbers:
- Loan and credit card assistance: 1-800-221-7471
- Other banking inquiries: 1-800-411-9393
Commitment to Business Clients
Regions Bank's commitment extends to their business clients as well, serving both small and large companies. Nikki Stephenson, head of Commercial Banking for Regions, emphasized that the bank aims to support businesses as they recover. "We’re ready to work with business clients to identify the best financial services and solutions to support their operations during this difficult time," Stephenson expressed.
Continuous Support Offered
Beyond the immediate services, Regions Bank encourages customers to reach out for personalized guidance on a variety of lending products suited for their recovery. This proactive support will help streamline their financial recovery process.
Community Engagement and Support
The Regions Foundation, funded mainly by Regions Bank, plans to announce grant funding to support organizations engaged in disaster relief. In the past, similar support was provided after previous disasters, showcasing the bank's commitment to positively impacting the communities it serves.
About Regions Financial Corporation
Regions Financial Corporation (NYSE: RF), with an extensive portfolio of $154 billion in assets, operates approximately 1,250 offices and over 2,000 ATMs across the South and Midwest. As a leading full-service provider, Regions offers an array of banking and financial services designed to meet the diverse needs of its customers.
Frequently Asked Questions
What services does Regions Bank offer for disaster recovery?
Regions Bank offers a variety of services including waived ATM fees, mortgage assistance, and loan payment deferrals for affected customers.
How can businesses get support from Regions Bank after the hurricane?
Regions Bank is providing tailored support for business clients, focusing on identifying financial solutions to assist in their recovery.
Is there a dedicated contact for assistance during this recovery?
Yes, customers can call dedicated lines for help with loans and banking needs at 1-800-221-7471 and 1-800-411-9393.
How will Regions Bank support community relief efforts?
The Regions Foundation is expected to announce grants to organizations aiding in disaster recovery efforts, showcasing community support.
Where can I find more information about Regions Bank’s services?
For more updates regarding services and support, customers can visit Regions Bank’s official website, where further information will be provided.
