We Are Here For You
ANB Bank is closely monitoring the evolving situation with COVID-19 and has taken a number of steps to protect our customers and employees. We also recognize that quarantines, event cancellations, school closures, and business closures are having a significant economic impact on many in our communities.
As a financially strong and stable community bank, ANB is uniquely positioned to support our customers in this time of need. Amid the current uncertainty and likely economic challenges ahead, ANB is taking the following actions to help alleviate financial stress:
- Ensuring that borrowers with floating rate, Prime-based loans receive the full impact of the Federal Reserve Bank’s two emergency rate reductions, which total 1.5%, by reducing our Prime borrowing rate and temporarily removing interest rate floors through December 31, 2020.
- Offering a 3-month deferral of payments for all consumer and commercial term loans that require a monthly principal and interest payment. This includes installment loans, mortgages, home equity loans, commercial real estate loans, equipment loans, and any other loan that requires a monthly principal and interest payment. All customers are eligible – there is no fee or penalty and there are no requirements to prove need or impact from the coronavirus.
- If you or your business is experiencing financial difficulties and need assistance beyond the two actions noted above, please contact ANB to discuss other options that may be available.
To proceed with the payment deferral or discuss other options, please contact your loan officer or the Customer Care Center at 866-433-0282. Please note that this one-time program does not waive or modify any other provision of your loan documents.
Please know, your ANB team is here for you.
CEO & President, ANB Bank
Note: Interest will continue to accrue on your unpaid principal balance during the deferral period.