AmSouth Offers Disaster Relief to Customers Affected by Tornadoes in Tennessee
12 4월 2006 - 12:39AM
Business Wire
In response to the tornadoes in Tennessee that killed 12 people and
damaged 3,000 buildings, AmSouth Bank (NYSE: ASO) has announced a
package of disaster relief offers to assist consumer and small
business customers. The offers give AmSouth customers in the
government-designated disaster areas flexibility on loan
repayments, discounted loan rates, and fee waivers. The company
also plans to make a $10,000 contribution to the American Red Cross
Disaster Relief Fund and will accept individual contributions to
the fund at all of its branches. Teams of AmSouth employees will
also be dispatched to the affected areas to help with the relief
efforts. The special offers for consumers and small business
customers in the affected areas are available for a limited time
and include: -- Lifeline Line of Credit - The bank is making its
AmSouth Lifeline Line of Credit (LOC), a $10,000 unsecured line of
credit, available to qualified customers severely impacted by the
tornadoes. The AmSouth Lifeline LOC will allow interest-only
payments for the first year and can assist customers with temporary
cash needs(1). Customers needing the AmSouth Lifeline can call
888-In-A-Snap (888-462-7627). -- CD Penalty Waiver - Customers in
the affected counties may have the early withdrawal penalty waived
on one or all of their AmSouth Certificates of Deposit, including
partial withdrawals. -- Installment Loan Skip-A-Payment - Customers
in affected areas who need to apply to skip a payment on their
AmSouth home equity line of credit should call 1-800-290-5358.
AmSouth Credit Line payment questions should call 1-800-289-6730.
Plus, customers with an AmSouth installment loan may apply to skip
their next payment with no extension fee by calling 1-800-865-7949.
-- Home Equity Line of Credit - Consumers in affected areas may
apply for a home equity line of credit with special discounted
interest rates(1). These rates are good for the life of any
transaction that posts in the first 30 days. Other special rates
are available for transactions that post after 30 days. In
addition, customers receive a $100 cash bonus with a new AmSouth
Home Equity Line of Credit(2). AmSouth also recognizes that
circumstances such as those caused by the recent tornadoes can
result in unintended situations where customers may find their
accounts in an insufficient funds status. The bank encourages its
customers to contact AmSouth to discuss those situations. "We want
to help our customers and businesses that are located in the
affected areas get back on their feet as quickly as possible," said
Rusty Stephenson, head of AmSouth's Tennessee Banking Group. "As
the 'Relationship People,' we are focused on meeting our customers'
needs, particularly during difficult times like these. Our hearts
go out to the people who have suffered loss because of these
storms." About AmSouth AmSouth is a regional bank holding company
with over $52 billion in assets, more than 680 branch banking
offices and more than 1,200 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. (1) Offer and rates are subject to change without
notice. Subject to credit approval. Some restrictions may apply.
Contact your AmSouth Banker for details. Equal Housing Lender.
Member FDIC. (2) Your cash bonus will be paid to you by either
cashier's check or a credit to your home equity line account after
your rescission period ends.
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