The Farmers Bank announced Wednesday, Oct. 1 that it stands ready to support customers who may be affected by the federal government shutdown.
“As your community bank, we understand that times of uncertainty can cause stress for families and businesses. Our institution remains strong and fully committed to helping our customers navigate the impacts of this government shutdown,” The Farmers Bank President and CEO Chris Cook said.
Ready to assist federal employees & customers in need
The shutdown may affect federal employees, government contractors, and those relying on certain government benefits or programs. The Farmers Bank encourages anyone facing financial hardship to reach out directly to their local financial center.
Potential assistance may include:
- Fee waivers
- Payment deadline extensions
- Other accommodations based on individual situations
Appointments can be scheduled with a banker to discuss personalized solutions.
Strong, stable & open for business
The shutdown does not directly impact bank operations. All financial centers remain open and fully functioning. Customers’ deposits continue to be safe, accessible, and protected.
- Deposits are insured by the FDIC. In its more than 90-year history, no depositor has ever lost a penny of an FDIC-insured deposit.
- The banking system remains strong, and customers can be confident their funds are secure.
Lending programs & possible delays
While The Farmers Bank continues to process loans and applications, some federally supported programs may be delayed during the shutdown. This includes programs through the Small Business Administration, Federal Housing Administration, Department of Agriculture, and IRS transcript services used in mortgage processing. Customers are encouraged to remain in contact with their lender regarding any applications in progress.
Ongoing support & resources
The Farmers Bank has a history of standing by customers during major challenges, including the pandemic and previous government shutdowns and remains committed to providing the same support now.
For additional resources, the American Bankers Association offers tips for managing finances during a government shutdown. For more information about The Farmers Bank, visit TheFarmersBank.com.