CORRECTING and REPLACING AmSouth Offers to Automatically Defer Payment for Customers Severely Impacted by Hurricane Katrina
07 9์ 2005 - 3:11AM
Business Wire
In the bulleted information underneath the first graph, the second
bullet which read "Mortgage loans" has been removed. 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 -- 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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