Thursday, October 01, 2009

Bank of America Announces Customer Disaster Relief Program in Wake of Severe Storms and Floods in Georgia

/PRNewswire/ -- Bank of America today announced its disaster relief program for 17 counties in Georgia that have been designated disaster areas by the Federal Emergency Management Agency.

The Bank of America Charitable Foundation also announced it will donate $50,000 to the American Red Cross to support relief efforts for people impacted in the region by the recent severe storms and floods.

The counties include: Catoosa, Carroll, Chattooga, Cherokee, Cobb, DeKalb, Douglas, Fulton, Gwinnett, Newton, Paulding, Rockdale, Stephens, Bartow, Coweta, Heard, and Walker.

"These storms and floods have caused significant damage and suffering throughout our state," said Geri Thomas, Georgia president for Bank of America. "Bank of America is pleased to help our neighbors get through this difficult period."

Under the company's disaster relief program, Bank of America customers affected by severe storms and floods in those counties may qualify to:

-- Receive emergency credit line increases on their existing Bank of
America Visa® card and MasterCard®
-- Modify or extend payments on loans, credit cards or lines of credit
-- Access a new home equity loan through the bank's special loan program,
with no fees and preferential pricing below the current rate
-- Purchase a new primary residence through the bank's special mortgage
program and we will waive loan fees and expedite the loan process.
This purchase program is available to all qualifying residents of
impacted counties, not just existing customers.
-- Avoid bank early withdrawal penalties on certificates of deposit (CDs)

Small businesses may also qualify for similar benefits on both business and personal loans.

Customers may apply for assistance under the program through November 13 in any Bank of America banking centers or by calling 1.800.831.5586. For assistance with a credit card account, the phone number on the back of the card or on a bank statement may be called. The offers are subject to credit approval and current credit standards apply. Insurance is required for mortgage and home equity loan products. These offers cannot be used in combination with other offers, and certain restrictions may apply. Tax penalties may still apply to IRA withdrawals before age 59 1/2. Bank of America, N.A. is an equal housing lender and a member of the FDIC.

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