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Regions Bank Announces Disaster-Recovery Financial Services Following Hurricane Delta

Regions Bank Announces Disaster-Recovery Financial Services Following Hurricane Delta

Deferred payments and additional offers available as recovery moves forward.

Regions Bank on Tuesday announced a series of financial services, including payment extensions and the waiving of certain fees, to help people and businesses in portions of Louisiana1 that were impacted by Hurricane Delta.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005061/en/

Regions Bank is ready to serve people and businesses in southern Louisiana that have been impacted by Hurricane Delta. (Photo: Business Wire)

“In addition to the services we’re announcing today, Regions Bank is ready to offer financial advice and guidance based on our experience with disaster recovery,” said Steve Nivet, regional consumer banking executive for Regions Bank. “We encourage clients to visit our branches, consult Regions.com or give us a call to let us know about your individual needs. We have worked with clients through many natural disasters, including Hurricanes Laura and Sally. And we are here – ready to serve – as we recover from Hurricane Delta together.”

Disaster-recovery financial services available for a limited time in impacted areas1 include:

  • No check-cashing fee will be assessed for FEMA-issued checks cashed at Regions branches in impacted areas.2

  • Regions will waive or refund fees charged by non-Regions ATMs for bank clients in impacted areas for 15 days beginning Tuesday, Oct. 13.3

  • Regions will waive ATM surcharge fees for non-Regions clients using the bank’s ATMs in impacted areas for 15 days beginning Tuesday, Oct. 13.4

  • One penalty-free CD withdrawal is available.5

  • A 0.50% interest rate discount is available on new personal unsecured loans.6

  • Payment extensions are available for current credit card holders. People in affected areas can contact Regions to discuss individual needs.7

  • Regions Mortgage Disaster Relief purchase and renovation loan programs are available.

  • Business loan payment deferrals will

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Hurricane Delta squeezes oil market, already tight on supply

Hurricane Delta squeezes oil market, already tight on supply

Hurricane Delta’s path through the Gulf of Mexico squeezed the oil market, driving up prices and forcing companies to evacuate facilities ahead of the storm’s arrival, according to reports.

Energy companies worked to secure facilities and clear out employees as early as Tuesday, when the hurricane reached Category 4 status, and wind speeds reach between 130-156 mph.

Safety precautions drove oil prices up by more than 3% on Tuesday, further boosted by a workers’ strike in Norway and possible stimulus from the government, Al Jazeera reported. U.S. petrol futures rose 2% and hit their highest level since Sept. 28.

The storm warnings and dangers forced closure of 29.2% of offshore crude oil production in the northern Gulf by Tuesday, as well. That number rose to more than 80% closures by Thursday, according to the Independent Commodity Intelligence Services.

OIL PRICES RISE AS WORKERS EVACUATE OIL RIGS IN GULF AS HURRICANE DELTA APPROACHES

Bloomberg reported that the closures pushed oil beyond $40 a barrel as a result.

“Hurricane Delta has supported the latest recovery” in prices, said Ole Hansen, head of commodities strategy at Saxo Bank. “Renewed stimulus hopes have generally given assets a risk-on boost.”

The U.S. Bureau of Safety and Environmental Enforcement equated those closures to a decrease of 1.49m bbl/day and 1.33 billion cubic feet of gas since Wednesday.

CHEVRON WORKERS FACE DEMANDS TO REAPPLY FOR JOBS UNDER GLOBAL RESTRUCTURING – SOURCES

Remaining petrochemical plants and refineries in Louisiana and the surrounding area continue to monitor the storm before deciding whether or not to shut down operations as a precaution. The storm weakened to a Category 2, with a brief return to a Category 3,

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