MILWAUKEE, Aug. 29 /PRNewswire/ — M&I Bank has announced it will provide several forms of financial assistance to people affected by the above average rainfall and flooding in the following counties: Vernon, Crawford, Richland, Grant, Iowa, LaFayette, Green, Dane, Walworth, Rock, Kenosha, Racine, and La Crosse. Short-and long-term relief will be offered to affected individuals.
The assistance will allow customers to defer up to two payments on installment loans such as auto loans, home improvement loans, leases, and credit cards.
For both new and existing customers, preferred pricing will be available on various loan products for those who qualify. All closing costs will be waived.
“So many families have financial concerns as a result of these oppressive flooding conditions,” said Tom O’Neill, senior vice president, Marshall & Ilsley Corporation. “Our goal is to do what we can to help them get through this difficult time.”
Special guidelines have been established to determine qualifications for assistance. For payment arrangements on existing loans, call M&I Bank at 1-888-600-9327, and ask for the Flood Relief Program. For new loan inquiries, call M&I Direct at 1-800-642-2657.
M&I Bank is an affiliate of Marshall & Ilsley Corporation (NYSE:MI) , a diversified financial services corporation headquartered in Milwaukee, Wis., with $58.3 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 192 offices throughout the state. In addition, M&I has 48 locations throughout Arizona; 30 offices along Florida’s west coast and in central Florida; 16 offices in Kansas City and nearby communities; 22 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; three offices in Tulsa, Okla.; and one office in Las Vegas, Nev. M&I’s Southwest Bank subsidiary has 17 offices in the greater St. Louis area. Metavante Corporation, a wholly owned subsidiary, provides a full array of technology products and services for the financial services industry. On April 3, 2007, Marshall & Ilsley Corporation announced its plans to split Metavante Corporation and Marshall & Ilsley Corporation into independent publicly traded companies. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet (http://www.mibank.com/ or http://www.micorp.com/). M&I’s customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.
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Source: M&I Bank