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Bank of the West to aid both customers and non-customers who are flood victims.


SAN FRANCISCO--(BUSINESS WIRE)--Jan. 10, 1995--Bank of the West today announced that any customer who is a victim of the North Bay floods can defer de·fer 1  
v. de·ferred, de·fer·ring, de·fers

v.tr.
1. To put off; postpone.

2. To postpone the induction of (one eligible for the military draft).

v.intr.
 consumer loan payments until April 1995.

These loans include home loans, equity, home improvement, auto, and personal loans.

Bank of the West will also offer disaster relief loans. One can be used for personal needs such as buying clothes and temporary shelter A general term used in statutes that relates to the provision of food, clothing, and housing for specified individuals; a home with a proper environment that affords protection from the weather. . The second is a home repair loan to aid victims in rebuilding homes that were damaged in the flood flood, in hydrology
flood, inundation of land by the rise and overflow of a body of water. Floods occur most commonly when water from heavy rainfall, from melting ice and snow, or from a combination of these exceeds the carrying capacity of the river
. Both emergency loans are fixed at the prime rate (8.5%) for a term of one year. No loan fees, points or pre-penalty payments will be charged.

"We want to help the storm and flood victims with the financial burdens. Our emergency loans are intended to help people over the next 12 months, giving them alternatives to making decisions that have long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 consequences," said Robert S Robert, Henry Martyn 1837-1923.

American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876).

Noun 1.
. Raye, Senior Vice President of Bank of the West.

Applications for these loans are available at any Bank of the West branch.

CONTACT: Bank of the West

Robert S. Raye, 510/942-8585
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 10, 1995
Words:185
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