Hurricane Milton Relief Response: Regions Bank Announces Disaster-Recovery Financial Services for Impacted Florida Markets

Regions Bank
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Regional effects of second named storm in two weeks prompt new wave of special banking services from Regions Bank.

By Ashley Foster

TAMPA, FL / ACCESSWIRE / October 28, 2024 / In the wake of Hurricane Milton, Regions Bank announced a series of disaster-recovery financial services designed to help people and businesses in communities across Florida's impacted storm path.

"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 confidently move forward," said John Jordan, head of Retail for Regions Bank. "This is a time when our teams work with heightened urgency for our customers; it's a time for us to lean into our experience and help people and businesses navigate the difficult paths that lie ahead. And beyond the services we're announcing today, we invite our customers to meet with our teams one-on-one to discuss your situation in-depth so we can look for any other ways our services and support can help."

Special Bank Services:

The following services and special offers are now in effect for a limited time in impacted areas1:

  • Regions will waive ATM Surcharges at Regions ATMs for non-customers in the impacted areas1 through at least Oct. 23.

  • The bank will also waive fees charged when Regions customers use other banks' ATMs in the impacted areas through at least Oct. 23. (Note: Fees charged by other banks or ATM owners may still apply.)

  • Regions will provide Mortgage Disaster Relief Purchase and Renovation loan programs.

  • The bank will remove check-cashing fees for FEMA-issued checks when cashed in a Regions branch2.

  • Personal and business loan payment assistance3 is available for qualified customers.

  • Regions is offering payment deferrals for current credit card holders3.

  • The bank can provide business loan payment deferrals of up to 90 days3.

  • Additionally, Regions is offering one penalty-free CD withdrawal upon request (unless within seven days of issuance or renewal).

  • Regions is offering a Disaster Response interest rate discount of 0.50% on new personal unsecured loans when customers apply in a branch or by phone4.

  • Regions is offering a Disaster Response interest rate discount of 0.50% on standard rates for new business loans or lines of credit of up to $1 million to help with recovery needs in impacted areas4.

  • Regions is offering a Disaster Response interest rate discount of 0.50% on new unsecured business term loans of up to $50,000 with up to 36-month terms, including waived origination and loan document fees, as well as options for the first payments to be deferred by up to 90 days4.

  • Regions is offering a Disaster Response interest rate discount of up to 0.50% on non-business auto loans when customers apply in-branch or by phone5.

  • Dedicated Contact Center:

    • For help with loans, credit cards, or deposit accounts: 1-800-221-7471

    • For help with any other banking need: 1-800-411-9393

  • The areas covered by these services could be expanded in the coming days to include additional communities based on continued damage assessments or further disaster declarations from the Federal Emergency Management Agency. Check https://www.regions.com/hurricanemilton for an updated list of areas where these offers are available as damage assessments continue.

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