Bank One Pledges $100 Million-Plus in Low-Interest Loans to Northwest Indiana Governments to Help Bridge Tax Gap
May 17 2004 - 10:35AM
PR Newswire (US)
Bank One Pledges $100 Million-Plus in Low-Interest Loans to
Northwest Indiana Governments to Help Bridge Tax Gap MERRILLVILLE,
Ind., May 17 /PRNewswire-FirstCall/ -- Bank One in Northwest
Indiana has pledged more than $100 million in low-interest loans to
municipalities, school corporations, and other government entities
to help bridge the gap until tax revenues are received. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO ) "We hope
these loans will help avoid interruption of service and will ensure
employees get paid and our kids get educated," said John Diederich,
President of Bank One in Northwest Indiana. "Bank One is doing this
to help our communities, and the people who live here." The loans
are available to municipalities, school corporations, and other
government entities that qualify. For more information, call Bill
Berens, 219-738-4361, or Elaine York, 219-738-4005. Bank One can
also assist qualified consumers in meeting their tax obligations
through home equity loans and lines of credit, and mortgage
refinancing. For information, stop by any Bank One banking center.
Bank One Mortgage escrow customers will have their taxes paid by
Bank One, even if there is not enough money in the escrow account
to cover the new amount due. These customer payments will be
adjusted next year to make up for the increased taxes due. Bank One
is one of the largest banks in Northwest Indiana with 33 offices.
Bank One is Indiana's largest bank, with 190 offices and 400 ATMs
in the state. Bank One Corporation (NYSE:ONE)
(http://www.bankone.com/) is the nation's sixth-largest bank
holding company, with assets of $320 billion. Bank One currently
has more than 51 million credit cards issued, nearly 7 million
retail households, and approximately 20,000 middle market
customers. It also manages $188 billion of clients' investment
assets. http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO
http://photoarchive.ap.org/ DATASOURCE: Bank One CONTACT: Nancy
Norris of Bank One, +1-502-566-3620 Web site:
http://www.bankone.com/
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