First Midwest Provides Relief Programs for Clients Impacted By COVID-19
MAR 24, 2020 - 6:25 am
First Midwest Bank is offering several programs and services designed to alleviate some of the financial stress and burden its clients may be facing due to the COVID-19 pandemic.
“During this time of uncertainty, our mission of helping clients achieve financial success is more important than ever,” said Mark Sander, President and Chief Operating Officer of First Midwest Bank. “Many of our clients may need support in ways they have not needed in the past. We want them to know we are all in this together, and we are committed to supporting them during a time when they need us the most.”
The programs and services First Midwest Bank are offering to clients, effective immediately, include:
Small Business Payment Deferrals for small businesses experiencing hardship as a result of family sickness or workplace closure. These clients can leverage First Midwest’s payment deferral programs for up to 90 days with no credit bureau impact.
Small Business Fee Assistance Programs that suspend late fees on loan payments and stop payment fees through June 30, 2020.
First Midwest Bank is also offering a wide range of financial accommodations for its commercial clients based on their individual circumstances.
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