Posted October 13, 2020
- Funded more than 7,000 loans totaling over $1 billion as part of the Paycheck Protection Program, helping to ensure paychecks to 90,000 people
- Suspended certain transaction and late fees
- Initiated loan payment deferrals and credit card payment relief programs
- Suspended foreclosures and repossessions for consumers
- Initiated loan payment deferral and credit card payment relief programs; suspended certain loan late fees
- One of first banks to suspend lobby access, transitioning to primarily online, mobile and drive thru services, in support of colleague health
- Shifted approximately 3,200 colleagues (~68% of workforce) to work from home
- Continued to pay colleagues whose work was affected by changes to its services
- Provided additional payments to colleagues whose work required them to be in company facilities
- Donated $150,000 to several local United Way chapters to fund community-based COVID relief programs
- Committed $50,000 to several response funds
- Provided Disaster Recovery Fund (MDRF) to assist with housing and small business relief efforts
- Implemented virtual volunteer program to encourage colleagues to safely give back to their communities
https://www.associatedbank.com/
