Relief for Businesses, Loan Assistance Rolled Out by Tompkins Financial Corp. to Aid Customers Affected in COVID-19 Pandemic
March 20 2020 - 12:01PM
Business Wire
Tompkins Affiliate Banks Among First in New
York State and Pennsylvania to Answer Acute Business Need
Tompkins Financial Corporation (NYSE American:TMP)
In an effort to assist current 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 1-888-300-0110 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.
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Stephen S. Romaine, President & CEO Francis M. Fetsko,
Executive VP, CFO & COO Tompkins Financial Corporation (888)
503-5753
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