FirstBank to Refund Fees, Allow a One-Time Skipped Payment on Mortgages or Loans and Reduce Rates to 0 Percent for Revolving Lines of Credit for Furloughed Employees

FirstBank to Refund Fees, Allow a One-Time Skipped Payment on Mortgages or Loans and Reduce Rates to 0 Percent for Revolving Lines of Credit for Furloughed Employees

FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” today announced an assistance program aimed at providing relief and flexibility to federal employees impacted by the government shutdown.

FirstBank, which has over 750,000 customers and 115 branch locations in Colorado, Arizona and California, will provide the following benefits to government workers impacted by the furlough:

 

  • Fee Refunds: All fees such as overdraft fees, Visa card fees and early withdrawal fees, etc., will be refunded. Customers can go into any branch location or contact FirstBank’s 24-hour customer service line to have fees reversed. They should also notify branch employees and other representatives about their federal employment status to avoid transactional fees for things like wire transfers, cashier’s checks or money orders.  

 

 

  • One-Time Omitted Mortgage or Loan Payment: FirstBank is offering furloughed customers the ability to skip one payment (with interest waived) on their personal loans or mortgage upon request. If further relief is needed, FirstBank will make considerations and evaluate on a case-by-case basis.

 

  • Zero Percent Interest Rates: The bank will reduce interest rates on credit cards to 0 percent and cash reserves to .001 percent for a three month period, starting when the customer contacts FirstBank to request the lowered rate. Furloughed customers, who don’t have a credit card or cash reserve line, can apply and should be provided the same offer, pending they meet the bank’s credit requirements.

*Interest rate accommodations will be offered to impacted customers who contact the bank prior to April 15, 2019. New customers will need to open a deposit account in order to access a cash reserve line of credit. A minimum monthly payment on both credit cards and cash reserves will still be required, but it will be allocated entirely to the principal amount as no interest will be charged.

[su_quote cite=”Jim Reuter, CEO of FirstBank”]We recognize the government shutdown is causing very serious implications, where hundreds of thousands of people are struggling to make ends meet. We want to provide support and ensure they have the resources needed to get by. It’s not just a nice thing to do; it’s the right thing to do….We’ll continue to evaluate the federal situation, keep an open dialogue with furloughed employees, and make adjustments to our assistance program as needed. We don’t want to leave anyone out in the cold, and it’s important we do what’s best for our customers and communities[/su_quote]

Federal employees (both existing customers and non-customers) can go into any branch location or contact FirstBank’s 24-hour customer service line toll free at 1-800-964-3444 or 303-232-5522 and press “0” to inquire about the assistance program or get any of the above relief efforts underway.

About FirstBank

FirstBank began providing banking services in Colorado in 1963. Today, the bank maintains more than $18 billion in assets and operates more than 115 branch locations across Colorado, Arizona and California. FirstBank offers a variety of checking accounts, savings accounts, home equity loans, mortgages, and a full range of commercial banking services, including financing, treasury management and deposit accounts. Since 2000, FirstBank has been recognized as a leader in corporate philanthropy, contributing more than $60 million and thousands of volunteer hours to charitable organizations. The company is also unique in that a majority of its stock is owned by management and employees. For more information, visit www.efirstbank.com.

FirstBank Announces $50K Donation to Launch Wildfire Assistance Program

 

Sharing is Caring 💙

Share on facebook
Share on twitter
Share on pinterest
Share on linkedin

1 thought on “FirstBank to Refund Fees, Allow a One-Time Skipped Payment on Mortgages or Loans and Reduce Rates to 0 Percent for Revolving Lines of Credit for Furloughed Employees”

Leave a Comment

Check us Out on Instagram

Check us Out on Facebook

4 hours ago

Aspen Real Life

Give @theowilliams25 some love. He could use it right now.

Repost @theowilliams25
・・・
Day 5 ✅ Torrey - Panguitch UT
Today: 73 miles.
Total: 433 miles.

I thought yesterday was bad.... today started with forgetting water bottles. Then a wind storm. Happens to be trash day here, wind blew a trash can which hit my front wheel and knocked me off. I then fell into a ditch from the wind. 2nd fall. At a construction stop a family offered me a ride in a different direction. We went north for 40 miles. Still the same mileage for the day from the drop point.

In the afternoon, I got a puncture and a broken spoke. Thank you to the gentleman who stopped to help me fix it.

This is insanely difficult. Way underestimated this trip. Will finish though.

#dontgethitbytrashcans #MentalHealth #DepressionAwareness #BreakTheStigma
...

View on Facebook

9 hours ago

Aspen Real Life

PITCH NIGHT:
WED, 10/28, Noon

・・・
@Campgroundbooking CEO Heath Padgett is one of six participants pitching for capital & other resources at this year's Mountain Pitch Summit! ⁠

Camping should be simple, so why isn't the reservation process? Campground Booking takes all the leg work out of reserving a site, giving all parties involved more time to actually enjoy what it's all about. 🏕️☺️🔥⁠

Campground Booking helps campgrounds save time and boost occupancy through the campground management software and powerful booking engine.⁠

Health Padgettt, the founder, CEO, and camping enthusiast will be pitching at COVENTURE Mountain Pitch Summit 2020.⁠

Sign up to get the link when the event goes LIVE, Wednesday, October 28 @ Noon! ⭐ Link in bio 👉@coventure.io⁠

@coventure.io #pitchnight #investors #smallbusiness #aspenentrepreneurs #supportingsmallbusiness #supportingcommunity #strategicpartners


📸: @dominik_jirovsky
...

View on Facebook

18 hours ago

Aspen Real Life

Dangerously soft!

#Repost @aspendreamco with @get_repost
・・・
Good night, sleep tight.
Get cozy in our softest pajamas.
More prints ready for pre order online at aspendreamco.com




#aspenbusinessconnectmember
#goodnight #sleepy #cozy #cozyvibes #pajamas #pj #pajamatime #pjset #pjs #sharkprint #nightnight #sleepwear #loungewear #loungewearchic #aspendream #aspendreamco @aliinwonderlandd @davidcliffordphotography
...

View on Facebook

1 day ago

Aspen Real Life

It’s local companies like @vukoobar that motivated us to create a network that shouts their messages and products out to our awesome audience.

Go to @aspenbusinessconnect to meet our members and click the link in the bio to join the professional network. First member only meetup happens next Thursday!

Repost @vukoobar
・・・
We care about giving you great tasting nutrition straight from the heart of what keeps US alive! GO Vukoo for @vukoobar! Each Vukoo® product is made with ingredients sourced using regenerative and sustainable agriculture to raise consciousness for the planet, farmers, and community. WE ARE Farm To Bar™ who cares about human trafficking and mental health awareness! #vukoo #aspen #colorado #a21 #govukooforvukoo #mentalhealthawareness #pure #glutenfree #soyfree #lactosefree #superfood #homegrown #farming #veganfood #hikingfood #organicfood #nongmo #refrigeratedproteinbar #vukoobar #colorado #healthymoms #wholefoodsmarket #amazonprime #wholefoodscolorado #naturallyboulder #lowsugar #highfiber #highprotein #realfood #rawfood
...

View on Facebook