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Let's make that clear.

Let's Make That Clear

"I was sorry to see one particular bank make a spectacle of it," says a vice president of one Little Rock bank concerning Worthen Bank's recent announcement that it would drop the interest rate for reserve military personnel on active duty.

But when CEO Curt Bradbury recently made the announcement, he made certain to explain that this was a benefit that all banks offered reserve personnel under the Soldiers' and Saliors' civil Relief Act of 1940.

Bradbury went on to explain that Worthen would go "an extra mile" beyond what banks are required to do and extend a three-month grace period for payments on personal loans and credit life insurance premiums and offer "living expense" loans to dependents.

Bradbury feels whoever is accusing Worthen of trying to stage an unfair publicity opportunity is simply trying to cover for "their flat-footed standing around and missing an opportunity."

PHOTO : SETTING THE RECORD STRAIGHT: Worthen's top exec Curt Bradbury says his bank is giving genuine breaks to servicemen active in the Iraqi callup
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Title Annotation:Outtakes; Worthen Bank on the Soldiers' and Sailors' civil Relief Act of 1940
Author:Rengers, Carrie
Publication:Arkansas Business
Date:Sep 24, 1990
Words:174
Previous Article:Residential risk: with $12 million on the line, Melvyn Bell discovers new peril in the wilds of West Little Rock.
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