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Financial Support – COVID–19 Hardship Assistance

While the impact of the coronavirus has changed our lives dramatically, it has not changed Legence Bank’s commitment to support our customers’ financial needs in every way that we can do so.

In addition to Legence’s support to our customers, during this time of uncertainty, you should have confidence knowing that banks truly are the best place for your money.

  • You have the security of the FDIC (Federal Deposit Insurance Corp.), which insures customer deposits up to $250,000.
  • Banks are the healthiest they have been in years with very high capital levels.
  • The Federal Reserve Board has taken steps to ensure market liquidity and can create money as needed.

We realize now, more than ever, you need your banking partner to offer additional financial assistance. We have developed the following relief measures, as well as empowered our team to work closely with leadership to support each unique customer situation.

SBA RELIEF

SBDC Webinar - How to Prepare & Apply for SBA’s Economic Injury Disaster Loan (EIDL) Program - View PDF

Effective immediately, Legence Bank is offering the following:

PERSONAL BANKING SUPPORT

Personal Lending

    • Personal Loan Deferral Program
      Customers have the option to defer two consecutive monthly payments (60 days) with no late fees. You can choose an option to pay interest only or fully defer two consecutive loan payments.

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PERSONAL LENDERS

 

 

 

 

 

 

 

 

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Mortgage & Home Equity

    • Mortgage & Home Equity Loan Payment Deferral Program Customers have the option to defer two consecutive monthly payments (60 days) with no late fees. You can choose an option to pay interest only or fully defer two consecutive loan payments.

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MORTGAGE LENDERS

 

  • Cindy Barnhill
    AVP/Mortgage Loan Officer
    NMLS#13291
    Direct: (812) 213-3616
    Email: [email protected]

 

 

  • Dorothy Ruzich
    AVP/Mortgage Loan Officer
    NMLS#597878
    Direct: (618) 297-9837
    Email: [email protected]

 

 

  • Tyler Patton
    Mortgage Loan Officer
    NMLS#1767634
    Direct: (618) 313-2363
    Email: [email protected]

 

 

  • Darlene Harris
    Mortgage Loan Officer
    NMLS#399691
    Direct: (618) 313-0085
    Email: [email protected]

 

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For assistance or to utilize the above deferral program, please contact your mortgage lending officer, consumer lending officer or call (800) 360-8044.

BUSINESS BANKING SUPPORT

Small Business Lending

  • The global impact to small business has been incredible. We can provide a payment deferral, in which you pay interest-only for two consecutive payments (60-days), or a complete deferral of two consecutive monthly payments.
  • Please contact your commercial lending officer with support needs so we can offer assistance. Also, please contact U.S. Small Business Administration, https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources, who has been given federal assistance for disaster relief.

Commercial Lending

    • We know many commercial businesses have been greatly impacted by the health crisis and each business solution is unique. Please contact your commercial lending officer to discuss your particular situation so we can offer assistance.

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COMMERCIAL LENDERS

 

 

 

 

 

 

 

 

 

 

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For assistance or to utilize the above deferral program, please contact your small business lending officer, commercial lending officer or call (800) 360-8044.

ADDITIONAL FINANCIAL RECOMMENDATIONS

  • Mortgage Refinance
    • Rates have never been lower, so this would be a good time to consider refinancing your home. Nationwide wait times may be longer than usual for mortgage closings due to the health crisis, but it should not delay customers with utilizing this savings option.
  • Home Equity Loans and Lines of Credit
    • With the low rates offered during this time, this is the perfect opportunity to utilize the equity in your home for other funding needs.
  • Bank Savings Products
    • CDs (Certificate of Deposits), Money Markets, Savings and Interest Checking products are some of the best options for your money right now.

Legence Bank is here to help and we will get through this challenging time together. For assistance, please contact your local branch for assistance.

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