BUFFALO, N.Y., Aug. 29, 2011 -- M&T Bank is offering reduced loan rates and loan payment deferrals to help residents and businesses recover from damage caused by Hurricane Irene.
M&T Bank is offering a discounted rate on personal unsecured loans to residents in Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and West Virginia who suffered storm-related damages from Hurricane Irene. Additionally, lines of credit with reduced rates are available for businesses that were negatively affected by the storm. The special assistance will be available through Sept. 30, 2011.
This financial assistance is intended to provide quick, affordable support to families in storm-damaged areas so they can repair homes and cars, and replace personal belongings, as well as assist community businesses so they can continue operating without disruption.
The bank also is currently offering discounted rates on home equity products and automobile loans. Normal credit qualification standards will still apply to special loan programs.
Existing M&T Bank customers unable to meet their monthly loan payments due to storm damage should contact M&T's customer service at 1-800-724-2525 to request a loan payment deferral. All fees will be waived for this service for affected customers.
M&T Bank business customers who need to defer a payment should contact their business banking relationship manager or branch manager.
"M&T Bank has a long history of supporting our communities through both good and bad times. Unfortunately, this is a tough time for communities in the path of Hurricane Irene," said Mark Czarnecki, president of M&T Bank. "Our thoughts are with our customers and residents who've suffered loss during the storms. We hope this financial assistance will help residents and businesses get back on their feet quickly."
M&T Bank, founded in 1856, is one of the top 20 independent commercial bank holding companies in the nation, with $78 billion in assets and 780 branch offices in New York, Pennsylvania, Maryland, New Jersey, Delaware, Virginia, West Virginia, the District of Columbia, and Ontario, Canada. Read more about M&T Bank online at www.mtb.com/newsroom.
Media Contacts:
Delaware:
Megen Morris
(302)651-1462
Maryland, Washington D.C., Virginia:
Philip Hosmer
(410)949-3042
New York:
Chet Bridger
(716)842-5182
Pennsylvania, New Jersey:
Kent Wissinger
(717)237-6110
