“Our community and customers have always counted on LANB to be there for them. The unfortunate situation many may find themselves in due to government furloughs is a time when LANB can again help,” said Steve Wells, President of Los Alamos National Bank (LANB). LANB is rolling out a program to provide relief for furloughed Federal Employees called “LANB S.T.R.O.N.G.”. LANB S.T.R.O.N.G. stands for “Short Term Relief Options (while) No Government”. It contains four main relief options for furloughed Federal Employees:
- Payment Deferrals on Consumer Loans and Credit Cards (1 month)
- Home Mortgage Loan Payment Forbearance (up to 6 months)
- Waived Overdraft Fees
- Short Term Relief Loans (new customers as well)
- Up to $5,000
- 5.00% Fixed Rate (APR)
- 24 Month Term
- No Fees
- With approved credit
- Repaid with monthly payments of $219.36
Customer's credit reports will not be affected by accepting a payment deferral or forbearance.
Furloughed Federal Employees need only to contact LANB and the Bank will quickly assist with their request.
Please direct any questions or requests to:
Toll Free: 800-684-5262
Los Alamos and Santa Fe 505-662-5171