Cadence Bank Offers Zero-Percent Interest Loans for Furloughed Federal Employees Impacted by Government Shutdown
January 14 2019 - 4:21PM
Business Wire
Cadence Bank is offering zero-percent interest consumer loans
for furloughed federal employees impacted by the government
shutdown, including men and women in the U.S. military, who reside
within Cadence’s six-state footprint: Texas, Georgia, Alabama,
Florida, Mississippi and Tennessee. For furloughed employees in
Georgia, loans will be offered by State Bank and Trust Company, a
division of Cadence Bank.
“We recognize the financial hardship brought on by the
government shutdown and would like to do what we can to help
alleviate the stress of this situation on impacted government
employees,” said Sam Tortorici, Cadence Bank CEO. “With loans at
zero-percent interest, we hope those affected can rest a little
easier about being able to meet everyday living expenses through
the shutdown.”
Furloughed federal employees should visit a Cadence Bank branch
to apply for zero-percent interest loans, which will be offered in
the amount of an employee’s net paycheck and are subject to
customary credit approval processes. Loans must be funded into a
Cadence Bank checking account. An employee’s most recent pay stub
and official federal government-issued employee identification are
required as part of the application process.
Visit cadencebank.com to find the nearest Cadence Bank
branch.
About Cadence Bank
Cadence Bank is a regional bank with $11.8 billion in assets as
of September 30, 2018, and 98 branch locations in Alabama, Florida,
Georgia, Mississippi, Tennessee and Texas. Backed by 131 years of
financial expertise, Cadence provides corporations, middle-market
companies, small businesses and consumers with a full range of
innovative banking and financial solutions. Services and products
include commercial and business banking, treasury management,
specialized lending, asset-based lending, commercial real estate,
SBA lending, foreign exchange, wealth management, investment and
trust services, financial planning, retirement plan management,
personal and business insurance, consumer banking, consumer loans,
mortgages, home equity lines and loans, and credit cards. Clients
have access to leading-edge online and mobile solutions,
interactive teller machines, and more than 55,000 ATMs. The Cadence
team of 1,800 associates is committed to exceeding customer
expectations and helping their clients succeed financially. Cadence
Bank, N.A. is a subsidiary of Cadence Bancorporation (NYSE: CADE).
For additional information, visit cadencebank.com. Cadence Bank,
N.A. Member FDIC. Equal Opportunity Lender.
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version on businesswire.com: https://www.businesswire.com/news/home/20190114005803/en/
Media Contact:Danielle KernellCadence Bank713-871-4051
direct | 713-392-7709 mobiledanielle.kernell@cadencebank.com
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