Business
Banner Bank Expands Pandemic Relief and Support Initiatives
WALLA WALLA, Wash.--(BUSINESS WIRE)-- Banner Bank today announced the addition of several new relief and support elements to assist clients, colleagues and
About this update from Banner Corporation
[{"type":"text","content":" WALLA WALLA, Wash.--(BUSINESS WIRE)--\nBanner Bank today announced the addition of several new relief and support elements to assist clients, colleagues and communities with the issues and challenges related to the Coronavirus pandemic.\n\n\n“We are in unprecedented times—for the first time ever a health crisis has quickly evolved to also become an economic crisis, creating far-reaching impacts to clients and the communities we serve,” said Mark Grescovich, President & CEO. “In our 130 years, we have navigated many economic cycles without a disruption in providing clients with access to their funds and I have complete confidence that will continue. At Banner, we are in a unique position to do more during this time by drawing on our financial strength to provide assistance and relief for those who are facing financial hardship.”\n\n\nThe financial relief and accommodations we’ve made available include:\n\n\nRelief for Individuals and Families\n\n\nFor consumer clients experiencing financial hardship as a result of coronavirus, we are offering the following accommodations:\n\n\n\nIncreased daily limits for Snapshot mobile check deposit;\n\n\nIncreased daily limits for debit card ATM withdrawals;\n\n\nWaived penalties for early CD withdrawals up to $25,000 (Federal guidelines do not allow us to offer on the first 6 days of CD term, or within 6 days of a prior withdrawal);\n\n\nOptions for payment deferrals for up to 90 days on mortgages, home equity lines, personal loans and credit cards; and\n\n\nWaived late fees for personal loans and credit cards.\n\n\n\nRelief for Businesses\n\n\nFor our business clients who have been adversely impacted, the following relief and assistance options are available:\n\n\n\nOptions for payment deferrals on most commercial credit cards, small business loans, and commercial loans;\n\n\nIncreased daily limits for Snapshot mobile check deposit;\n\n\nIncreased daily limits for business debit card ATM withdrawals;\n\n\nExpedited processing for SBA Coronavirus Aid, Relief, and Economic Security (CARES) Loans.\n\n\n\nBusiness clients who are unsure what financial relief they may need are encouraged to reach out to their Banner banker who is ready to help identify solutions available for specific client situations.\n\n\nColleague Support\n\n\nAll Banner Bank employees are eligible to receive additional paid...