Starion Bank offers flood assistance
September 24, 2018
Many property owners, including Starion Bank, experienced damage during the recent flooding. As a community bank, Starion is committed to helping its neighbors in times of trouble and one way the bank can do that is through disaster relief financing assistance.
Starion Bank has implemented two special programs in response to the flooding:
- Customers with existing consumer loans can defer payments for up to three consecutive months through the end of the year.1
- New consumer loans and home equity loans up to $25,000 are available with no origination charge or application fee, 0.00% APR2 for the first three months and no payments for the first three months. Applications must be submitted by Oct. 31, 2018.
“It is our hope that these programs will help ease the burdens people are experiencing during this difficult time,” said Brian Fisher, Starion Bank market president. “We know how trying flood recovery can be. This is a way to help others as well as thank our customers for their patience with the recovery efforts on our own building.”
Individuals and businesses interested in either program can talk to a Starion banker by calling 608-224-5550 or visit www.stationbank.com/flood for more detailed information.
1Consumer loans only, does not include real estate or CD secured loans. Consumer loans must be in good standing. Interest will continue to accrue. Deferring payment will extend the maturity date of the loan. The deferred payment will not be insured by accident/health, GAP or credit life insurance, if applicable. Offer only good in September, October and November.
2Annual Percentage Rate. Offer of credit subject to approval. Offer requires a Starion Bank checking account. Can be combined with other offers. Does not include bridge, construction or adjustable rate mortgage loans. Escrow accounts will not be offered on home equity loans. After the first three months, the annual percentage rate and monthly payments will increase and be based on the rate sheet effective at the time of loan consummation. The annual percentage rate and monthly payments will be applicable for the remaining term of the loan. Applications accepted through 10/31/18. Payment Example: $25,000 loan with a 60 month term and APR of 4.75% would result in a payment of $490.77. For credit secured by a first lien on a dwelling, the payment amount does not include taxes and insurance premiums. Actual payment obligations will be greater.
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