COVID-19 Relief Program for Customers

Sumner Bank & Trust remains committed to serving our community and our customers during this time of uncertainty. Our COVID-19 Relief Program is designed to provide relief from the stress of financial constraints caused by the COVID-19 pandemic.

 

As part of this COVID-19 Relief Program, Sumner Bank & Trust may:

 

  • Extend maturity dates on loans an additional 90 days (effective April 1)
  • Waive any late payment fees incurred March 24 – April 30 upon customer request
  • Defer payments on all loans for up to 90 days with no fees (including no negative amortization, capitalization of interest, or forbearance) upon customer request
  • Defer interest only loans payments to be due at maturity upon customer request
  • Increase debit card limits upon customer request (subject to approval)
  • Waive NSF fees in situations caused by issues related to COVID-19
  • Refund foreign ATM fees for our customers

 

In addition to the above steps, Sumner Bank & Trust is also offering two new loan products specifically for our customers affected by the COVID-19 pandemic.

Consumer Line of Credit

Up to $5,000

Interest due monthly beginning July 1st

12 months with no loan fee

Rate will be WSJ Prime with floor of 4.5%*

Subject to credit approval

Business Line of Credit

Up to $10,000

Interest due monthly beginning July 1st

12 months with no loan fee

Rate will be WSJ Prime with floor of 4.5%*

Subject to credit approval

*Current APR is 4.5% as of 3/24/2020. APRs may vary.

To take advantage of any of the relief options above, please reach out to any Sumner Bank & Trust location or complete the form below to have an associate reach out to you.

Request for Relief

Sumner Bank & Trust is your local community bank, and we are here for you during this time of uncertainty. Please complete the form below to request relief on incurred fees or to have a Loan Officer contact you about the new line of credit options available only to our existing customers.
  • *Information Request Only*