M&T Bank is making a $50,000 dollar contribution to the American Red Cross and extending a financial assistance program to help those businesses and residents affected by Tropical Storm Lee.
M&T will also match all contributions made to the Red Cross by its employees, directors and retirees for up to an additional $50,000, and will accept contributions from the public at all of its branches for “Susquehanna Flood Relief.”
The bank is offering payment deferrals to existing customers and loans with reduced rates to both new and existing customers. Personal unsecured loans with discounted rates are being offered in Pennsylvania, New York, Maryland, New Jersey, Delaware, Virginia, West Virginia, and Washington, D.C., to residents who suffered flood-related damages from Tropical Storm Lee. Additionally, business owners affected by flooding can apply for a line of credit with reduced rates. The special assistance will be available through October 31, 2011.
“The devastating effects of flooding present difficult challenges in our communities, so M&T is providing financial assistance to help families replace belongings, repair homes and cars, and to aid businesses as they get back on their feet,” said M&T Bank President Mark Czarnecki.
For more information about the financial assistance program, please stop by your local M&T Bank branch or call customer service at 1-800-724-2440. Go online to www.mtb.com/branch to find the nearest M&T Bank location.