Bank Of America (NYSE: BAC) Launches Disaster Relief Program For Tennessee Customers

Bank of America (NYSE: BAC) announced yesterday that is activating a disaster relief program in 42 Tennessee counties that have been designated as disaster areas by the Federal Emergency Management Agency due to mass flooding.

The bank also said it will donate $50,000 to relief efforts, with half of the funds going to the American Red Cross Disaster Relief Fund and the other half being sent to the Second Harvest Food Bank of Middle Tennessee.

According to details of Bank of America’s disaster relief program, the bank’s customers who are impacted by the floods may be eligible for items ranging from emergency credit lines to avoiding early withdrawal fees on certificate of deposits (CDs).

“We are committed to working with community partners to provide the much needed support to those affected by the significant damage caused by the severe rainfall and flooding,” said John Stein, Tennessee president, Bank of America. “As residents and neighbors to those impacted, it is incumbent on us to provide support during this time of need.”

Bank of America said small businesses may also be eligible for benefits on both their business and personal loans.

Customers that need assistance may apply through the disaster relief program through June 21 at any Bank of America banking center.