Panama City, FL – October 16, 2018 – SmartBank announced today a Loan Payment Deferral Program for impacted clients in FEMA declared disaster areas only. *Details are outlined below:
- SmartBank will defer interest only and/or principal and interest payments for a period of 90 days upon request. Payments will be added on to the end of the term of the loan (i.e. term will extend for an additional 3 months).
- Borrower must reside or the collateral property securing the loan must be located in a FEMA declared disaster area associated to Hurricane Michael
- Borrower must make the deferral request to the Bank by November 30, 2018
- Loan Payment Deferral Program applies to commercial, consumer and mortgage loans.
To request assistance or more information about the Loan Payment Deferral Program, clients may email hurricanemichaelevent@smartbank.com or info@smartbank.com, or call our Client Services Team toll-free at 866.290.2554.
SmartBank’s Panama City branch remains closed and clients are being directed to its Destin branch located at 4405 Commons Drive East, Destin, FL 32541.
*Deferring payments will result in a higher finance charge and in some cases a higher minimum payment or balloon payment than if payments were made every month. Deferrals available for impacted clients in FEMA declared disaster areas only. Offer expires 11/30/2018. Additional terms and conditions apply. For details, contact SmartBank info@smartbank.com.