$20 Million in State Linked Deposits Allocated for Huntington Bank Customers
COLUMBUS, OH – December 3, 2007 – The deadline for summer flood victims to apply for reduced-rate loan assistance is quickly approaching. Applicants have until December 28, 2007 to file for loans through Ohio Treasurer Richard Cordray’s Renew Ohio Program.
Renew Ohio was introduced by Cordray this summer after a state of emergency was declared for several counties due to severe storms and floods. The program offers reduced interest rates by three percent on loans of up to $250,000. Cordray set aside $50 million specifically for those who needed to borrow money or refinance their mortgages to get back on their feet after the severe storms and floods. Cordray recently extended the application deadline at the request of several local banks and citizens from October 30, 2007 to the end of the year to allow victims time to accurately assess their financial needs. Homeowners should contact their own bank or loan servicer to apply, or log onto www.ohiotreasurer.org for more details.
A large number of home mortgages in the affected areas are held by Huntington Bank, which also holds the loans that originated with Sky Bank. More than $20 million in state linked deposits has been allocated for Huntington Bank and former Sky Bank patrons through Cordray’s program. Recognizing their clients’ need for cash flow assistance in a month when families are tying up year end finances while juggling holiday expenditures, Huntington is offering application assistance. Home owners who need to borrow money or refinance their mortgages should contact their local Mortgage Loan Officers or Banking Offices as follows:
| Don Bledsoe – Findlay Main | 419-429-4699 |
| Diana Benzing – Findlay North | 419-429-4671 |
| Denny Oxender – Findlay East | 419-429-4776 |
| Chuck Rogers – Findlay Central | 419-429-4802 |
| Linda Martinez – Fostoria , Upper Sandusky, Carey | 419-436-7348 |
| Steve Stechschulte – Ottawa | 419-523-8809 |
Other participating banks include: Agcredit/Farmcredit, Citizens National Bank of Bluffton, Commercial & Savings Bank, Commercial Savings Bank, Fifth Third Bank, First Citizens National Bank of Upper Sandusky, First Federal Bank of the Midwest, First National Bank Of Pandora, Fort Jennings State Bank, Home Savings & Loan Company of Youngstown, Huntington National Bank, Liberty National Bank, Minster Bank, National City Bank, Old Fort Banking Company, Republic Banking Company, Union Bank Company
Additionally, farmers and small business owners can apply for similar interest rate relief through the state’s current Small Business Linked Deposit Program. Those applications will be given priority consideration, Cordray noted. The Ohio Treasury has about $500 million available right now to invest in the program statewide.
For more information about the Renew Ohio or Small Business Linked Deposit Programs, or for a list of eligible banks go to: www.ohiotreasurer.gov or call 1-800-228-1102
