Business Wire 14-Jan-2019 4:21 PM
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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