Home Banking & Finance Area banks offer financial forgiveness to storm victims

Area banks offer financial forgiveness to storm victims

Some area financial institutions are doing what they can to help victims of Hurricane Sandy.

Apple Bank is offering waivers for late fees on mortgage payments. The bank, with locations in Scarsdale and Thornwood, will also work with borrowers who become “seriously delinquent,” according to spokeswoman Constance Martin.

Additionally, Apple Bank is waiving fees on deposit services that were incurred during Hurricane Sandy including those for insufficient funds, and early CD withdrawal penalty fees.

M&T Bank , which services White Plains, has instituted a program to work with customers living in disproportionately affected areas who are struggling to make their mortgage loan payments. They can ask that their late fees to be waived or discuss other payment arrangements.

Banking customers who have been unable to access a branch or ATM location because of the storm can contact M&T to also request waivers for insufficient funds and overdraft transfer fees.

Small business clients of M&T can also benefit from a special discounted rate on lines of credit and term loans.

There is no expiration date to take advantage of these programs.

For more information, clients of Apple Bank can contact their local branch. M&T customers can call the service line at 1-800-724-2525.


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