First Financial Bank (Nasdaq: FFBC) has announced two initiatives to support clients and communities that are being impacted by Coronavirus and the COVID-19 pandemic, including a series of client relief programs.
While the bank is Ohio-based, it also has branches in Indiana.
Effective immediately, impacted clients may request to defer payments up to 90 days on installment and auto loans, mortgage loans, home equity loans, and credit cards, without impacting their credit report or incurring late fees during the deferral period.
The bank is also suspending vehicle repossessions and will not initiate foreclosure actions for residential properties for the next 60 days.
Meanwhile, First Financial Foundation says it is contributing $1 million to help fund COVID-19 relief efforts in its communities.
“With these payment relief programs and our Foundation’s pledge, we want to help our clients and communities to focus on staying healthy and safe,” said Archie Brown, president and chief executive officer. “We are staffed and open for business, and we embrace the opportunity to help our clients and our communities during this difficult time.”
First Financial says the contribution will put funds in the hands of agencies actively working throughout communities, such as United Way, United Fund, and other community agencies also managing COVID-19 relief efforts.