TFA Announces Loan Relief for Hudson Valley Businesses
In an effort to assist current Hudson Valley business customers with unexpected financial burdens faced during the current COVID-19 crisis, and on the heels of its recently announced relief for consumer loan customers, Tompkins Financial has implemented a loan assistance program for its eligible commercial clients. Tompkins’ new Loan Assistance Program provides up to 60 days of deferment for all commercial loans.
“We understand that companies, including our small business customers, are the backbone of the US economy and that they need our support during this critical time more than ever,” said Stephen Romaine, president and CEO. “As a community bank, it is our duty to assist businesses in the best way we can, which includes taking a market-leading position on loan deferment that we hope will inspire others to do the same during this time of unexpected hardship.”
Tompkins announced late Wednesday that it would provide this program as well as loan relief options to retail customers, preceding New York State’s announcement Thursday. Loan customers who are experiencing challenges with loan repayment should contact their banker via phone or email immediately, or reach out to Tompkins’ Customer Care Center at 1-866-462-2658 to review options that may be available to them.
Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit www.tompkinsfinancial.com.
Similar Member News Items
The Nicholas Center (TNC) is proud to launch our new initiative, The Nicholas Center Provides, which will support local food pantries and community centers with personal care items, diapers and cleaning supplies. Our TNC participants-Autistic adults, will gain valuable vocational skills training, community engagement and a sense of pride as they give to our neighbors […]
The Osborn Pavilion in Rye has been recognized as a “Best Nursing Home” for 2024 by U.S. News & World Report, receiving a 5/5 overall rating. It is one of only four skilled nursing facilities in Westchester County to achieve a High Performing rating in both the Short-Term Rehabilitation and Long-Term Care categories. U.S. News […]
Tomorrow, Dec 1st at 11:30 am join me LIVE on Zoom for my FREE 45-minute “Instagram for Beginners” crash course. You’ll learn all of my best strategies for: * How to have a great profile * the BEST content to post * How to write great captions with hashtags * How to gain […]
Become A Member
Join the county’s largest and most influential business organization today.JOIN NOW!