INSERTING and REPLACING AmSouth Offers to Automatically Defer Payment for Customers Severely Impacted by Hurricane Katrina
04 9월 2005 - 7:21AM
Business Wire
Insert after sixth bullet point of release dated September 2, 2005:
For residential mortgage loans, customers are asked to contact
1-800-AmSouth in order to discuss possible payment extension
options. The corrected release reads: AMSOUTH OFFERS TO
AUTOMATICALLY DEFER PAYMENT FOR CUSTOMERS SEVERELY IMPACTED BY
HURRICANE KATRINA AmSouth Bank (NYSE: ASO) in response to the
overwhelming and deepening human need in areas affected by
Hurricane Katrina is automatically deferring consumer and small
business loan payments for up to 60 days for customers in any
county designated for individual assistance by the Federal
Emergency Management Agency (FEMA). For AmSouth consumer and small
business loan customers in the impacted areas, an automatic payment
deferral will be processed for: -- Installment and revolving loans
-- Mortgage loans -- Lines of credit -- Home Equity Loans -- Small
business loans and lines -- AmSouth credit cards For residential
mortgage loans, customers are asked to contact 1-800-AmSouth in
order to discuss possible payment extension options. Customers who
choose to make their scheduled payments will have those payments
applied in normal fashion. The bank is also making its AmSouth
Lifeline Line of Credit (LOC), a $10,000 unsecured line of credit,
available to qualified customers severely impacted by the
hurricane. The AmSouth Lifeline LOC will allow payments of
interest- only for the first year and can assist customers with
temporary cash needs. Customers needing the AmSouth Lifeline can
call 888-In A Snap (888-462-7627) Monday through Friday, 7 am to 7
pm, Saturday, 8 am to 1 pm. AmSouth credit card customers in the
areas deemed a natural disaster area by FEMA will also
automatically receive a 60-day payment holiday. Credit card
customers should contact (800) 362-6299 for consumer cards and
(800) 892-3219 for business cards to request emergency line
increases, alternative payment arrangements, overrides and other
services. Calls from credit card customers in the natural disaster
area will be given priority handling. In all cases, interest on
accounts will continue to accrue and payments will be applied in
the normal fashion. AmSouth also recognizes that circumstances such
as those caused by Hurricane Katrina can result in unintended
situations where customers may find their accounts overdrawn. The
bank encourages its customers to contact AmSouth to discuss those
situations. AmSouth continues to respond to the needs of all
residents impacted by Hurricane Katrina by waiving its ATM fee for
customers using other banks' ATMs in the affected areas. Except for
branches in the hardest hit areas, AmSouth continues to open more
of its branches in the impacted areas daily. AmSouth will update
the status of its branches on www.amsouth.com under the Hurricane
Katrina Update. Customers can also call 1-800-AMSOUTH for the most
up-to-date information on the locations of open branches. Many
banking services - such as balance inquiries, transferring funds
between accounts and paying bills - are also available at
www.amsouth.com or through our TeleBanking Center at 1-800-AMSOUTH.
About AmSouth AmSouth is a regional bank holding company with $50
billion in assets, more than 685 branch banking offices and 1,240
ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi,
Louisiana and Georgia. AmSouth is a leader among regional banks in
the Southeast in several key business segments, including consumer
and commercial banking, small business banking, mortgage lending,
equipment leasing, and trust and investment management services.
AmSouth also offers a complete line of banking products and
services at its web site, www.amsouth.com. Equal Housing Lender.
Member FDIC.
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