Regions Foundation Announces $150,000 Donation Supporting Hurricane Sally Recovery
Grants from the nonprofit initiative of
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005797/en/
“The Regions Foundation,
United Way of Southwest Alabama: The Regions Foundationwill provide $50,000to be divided equally between the Salvation Army of Coastal Alabamaand Feeding the Gulf Coast. Both are partner agencies of United Way of Southwest Alabamaand are working tirelessly to support disaster-recovery needs.
United Way of Baldwin County: The Regions Foundationwill provide $50,000in support of the newly launched Hurricane Sally Disaster Relief Fund. The fund is designed to support immediate and long-term recovery, fulfilling unmet needs of Baldwin Countyresidents impacted by Sally.
United Way of West Florida: The Regions Foundationwill provide $50,000in support of United Wayoutreach that includes helping people get back in their homes, helping businesses reopen and more. United Way of West Floridaserves Escambiaand Santa Rosacounties and has recovery updates available at this link.
“The Regions Foundation’s financial commitment is an important step in advancing community recovery,” added
The donations announced Monday follow a series of disaster-relief financial services
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 millionto help with recovery needs in affected areas6
An interest rate discount of 0.50% on a new unsecured business term loan of up to
$50,000with 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
Most Regions branches along the coast are back open following the storm. Teams at these locations are ready to discuss disaster-recovery financial services with customers and connect them with options that apply to their needs. Regions also maintains a year-round
Additional recovery information is available through the
A dedicated team is also available at 1-800-411-9393 to help with other questions and concerns regarding banking needs.
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.
Jeremy D. King