Friendship State Bank To Offer COVID-19 Customer Hardship Relief Program

Wednesday, March 25th, 2020 9:41am

By Friendship State Bank, news release

FSB has designed a program specifically to assist those that may be impacted by the Coronavirus.

(Friendship, Ind.) - The Friendship State Bank understands that many of our clients are impacted by the rapidly changing financial conditions. We want to assure our customers that we are here to help. We have designed a program specifically to assist those that may be impacted by the Coronavirus. We are happy to work with you one-on-one to better understand your specific need and are offering the following options to our consumer and business customers:

Installment/Auto/Personal Loans: Payments may be deferred up to 90 days; late fees to be waived during the deferral period.

Mortgage and Home Equity Loans: Payments may be deferred up to 90 days; late fees to be waived during the deferral period. Please note: Secondary Market loans will be subject to forbearance guidelines set forth from Freddie Mac and will be assessed on a case by case basis.

Business/Commercial/Agricultural Loans: Payments may be deferred up to 90 days; late fees to be waived during the deferral period. We will also work with you on a variety of loan modification options to assist you with the impact this situation may have on your specific business.

If you are experiencing financial hardship and wish to discuss one of these options please reach out to our Collection Manager, Alec Lauber at 812-667-5101 or by email at fsbcollections@friendshipstatebank.com.

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