Printer Friendly

FIRST FIDELITY OFFERS SPECIAL DISCOUNTED STORM-RELIEF LOANS

 LAWRENCEVILLE, N.J., Dec. 15 /PRNewswire/ -- First Fidelity Bancorporation (NYSE: FFB) announced today that it is offering special discounted Storm Relief Loans to help people quickly begin to rebuild or recover from damage caused by last week's storm.
 Two types of loans are being offered: one for homeowners, the second for non-homeowners.
 The Homeowners Storm Relief Loans offer property owners the opportunity to borrow up to $25,000 over seven years. Loan decisions will be made in 48 hours and the first loan payment will not be due for 45 days after the loan is granted.
 Loans between $10,000 and $25,000 will be made at 8.4 percent, or 7.9 percent if monthly interest and principal payments can be automatically deducted from a checking account in the granting First Fidelity Bancorporation bank. Loans of less than $10,000 will be made at 9.5 percent, or 9.0 percent if the payments can automatically be deducted from a bank checking account.
 The Non-Homeowners Storm Relief Loans offer consumers with storm- related losses the opportunity to borrow up to $10,000 over five years with a loan decision promised in 24 hours and the first loan payment not due for 45 days from the day the loan is granted.
 The rate will be 11.5 percent or 11 percent if loan payments can be deducted from a checking account in the loan granting bank.
 Neither loan carries pre-payment penalties or fees.
 The loans will be offered in all of the more than 550 First Fidelity Bancorporation branches operated by the First Fidelity banks of New Jersey and New York, Fidelity Bank of Philadelphia, Merchants Bank of Allentown, Pa., and Merchants Bank (North) of Wilkes Barre. Consumers may apply or receive information about the loans by calling 800-322-9587 from 9 a.m. to 5 p.m., seven days a week.
 /delval/
 -0- 12/15/92
 /CONTACT: Paul J. Levine of First Fidelity, 201-565-2949/
 (FFB)


CO: First Fidelity Bancorporation ST: New Jersey IN: FIN SU:

CC -- PH038 -- 7448 12/15/92 17:45 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 15, 1992
Words:344
Previous Article:BG&E SENDS TECHNICIANS TO HELP RESTORE GAS SERVICE ON LONG ISLAND
Next Article:IMMUNEX ANNOUNCES BUY-BACK OF RECEPTECH; COMPANY WILL EXERCISE ITS PURCHASE OPTION FOR CASH
Topics:


Related Articles
CENTRAL FIDELITY INTRODUCES COMMUNITY INVESTMENT HOME IMPROVEMENT LOAN
NATIONSBANK LENDERS TO EXPEDITE LOAN APPLICATIONS IN HILLSBOROUGH FOR VICTIMS OF SUNDAY'S TORNADOES
FIRST FIDELITY ANNOUNCES NEW $500 MILLION COMMUNITY INVESTMENT PROGRAM
FIRST AMERICAN CORPORATION TO ACQUIRE FIRST FIDELITY
FIRST AMERICAN CORPORATION COMPLETES CROSSVILLE MERGER
FIRST FIDELITY BANK OFFERS SPECIAL LOANS TO VICTIMS OF TORNADO IN LIMERICK AREA
FIRST UNION CREATES $5 MILLION LOAN POOL FOR VICTIMS OF VIRGINIA FLOODING; LOWER INTEREST RATES AND DEFERRED PAYMENTS PART OF FLOOD RELIEF PACKAGE
CENTRAL FIDELITY TO PROVIDE $10 MILLION IN BELOW-MARKET RATE LOANS FOR VIRGINIA FLOOD VICTIMS
FIRST UNION ANNOUNCES FINANCIAL ASSISTANCE PROGRAM FOR FEDERAL WORKERS IN 12 EASTERN STATES AND D.C.
First Union's Branches Are Open And Ready To Assist Residents Affected By Monday's Storm; Special Loan Rates Available

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters