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How Banks are Helping Customers Withstand Coronavirus Shock

How Banks are Helping Customers Withstand Coronavirus Shock

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FintechNews RoundupUSA
··1 min read

As communities across the country are hit by the coronavirus some banks are stepping in to help; in Seattle some businesses are seeing a 70% decline in business so local bank WaFd (formerly Washington Federal Bank) has readied $100 million in credit to impacted businesses, offering credit lines up to $200,000 interest free for 90 days and will expedite loans up to $30,000 for affected businesses; Ridgewood Savings Bank in New York will offer interest-free loans secured by customers’ deposit balances and is exploring forbearance on interest payments for borrowers; JPMorgan Chase and the PNC Financial Services Group in Pittsburgh both told American Banker they would work with customers on an individual basis. American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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