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Panama City, FL – October 16, 2018 – SmartBank announced today a Loan Payment Deferral Program for impacted clients in FEMA declared disaster areas only.  *Details are outlined below:

  • SmartBank will defer interest only and/or principal and interest payments for a period of 90 days upon request.   Payments will be added on to the end of the term of the loan (i.e. term will extend for an additional 3 months).
  • Borrower must reside or the collateral property securing the loan must be located in a FEMA declared disaster area associated to Hurricane Michael
  • Borrower must make the deferral request to the Bank by November 30, 2018
  • Loan Payment Deferral Program applies to commercial, consumer and mortgage loans.

To request assistance or more information about the Loan Payment Deferral Program, clients may email hurricanemichaelevent@smartbank.com or info@smartbank.com, or call our Client Services Team toll-free at 866.290.2554.

SmartBank’s Panama City branch remains closed and clients are being directed to its Destin branch located at 4405 Commons Drive East, Destin, FL 32541.

*Deferring payments will result in a higher finance charge and in some cases a higher minimum payment or balloon payment than if payments were made every month. Deferrals available for impacted clients in FEMA declared disaster areas only. Offer expires 11/30/2018. Additional terms and conditions apply. For details, contact SmartBank info@smartbank.com.

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