Monday, April 27, 2020
RANGE BANK CONTINUES TO HELP BUSINESS CUSTOMERS WITH THE SECOND PHASE OF FUNDING THROUGH THE PAYCHECK PROTECTION PROGRAM
- An additional $310 billion dollars has been allocated to the Paycheck Protection Program (PPP) to provide assistance to small businesses which were not approved during the initial round of funding. This includes:
- Cash to cover select business expenses (such as employee salaries and payroll support, rent or mortgage and utilities payments, insurance premiums)
- 6 months of deferred loan payments
- Loan forgiveness (a portion, or possibly all, of your loan may be forgiven)
- Information on the PPP can be found on the U.S. Department of Treasury website: https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses
- If you need assistance with the program, please contact your lender. If you are a business deposit customer without a loan relationship, please contact Bryan Spaeth at (906) 226-1009 or at email@example.com for details.
As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), many of our customers will receive an economic impact payment as early as this week. There have been numerous questions about the payments and we want to provide you with some information about them. Based on adjusted gross income thresholds, eligible taxpayers will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child. For additional details on what you qualify for, please visit www.irs.gov.
There will be significant dollar amounts disbursed to qualifying individuals across the country, which we know will present the risk for fraud. The IRS will not be reaching out by phone, email, mail or in person asking for any kind of information to complete economic impact payments. Here are a few things to watch out for from scammers:
- Asking the taxpayer to sign over their economic impact payment check to them.
- Asking by phone, email, text or social media for verification of personal and/or banking information saying that the information is needed to receive or speed up their economic impact payment.
- Suggesting they can get a tax refund or economic impact payment faster by working on the taxpayer's behalf. This scam could be conducted by social media or even in person.
- Mailing the taxpayer a bogus check, perhaps in an odd amount, then telling the taxpayer to call a number or verify information online in order to cash it.
People across the country are regularly checking their digital banking accounts to see if their economic impact payments have been received. At times, the level of activity has temporarily disabled online account access at various financial institutions. If you run into this issue, please know that it is being addressed. Our team is available by phone at (877) 441-4042 or via email at firstname.lastname@example.org.
Range Bank has been Community Strong for over 130 years. We will get through these challenging times together. Thank you for trusting us with your financial needs.
Monday, April 6, 2020
As we know, COVID-19 has temporarily changed so much of the way we live. We are operating with a “new normal” these days, but we are always here for you. Here’s a graphic to help you understand how you can continue to do your banking with Range Bank.
Wednesday, April 1, 2020
RANGE BANK BUSINESS CUSTOMERS – UPDATED INFORMATION ON THE CARES ACT BELOW:
- We have received additional information to help our customers understand the CARES Act Programs which include the Paycheck Protection Program. The information can be found by clicking on the U.S. Department of the Treasury web site: https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses
- The information includes the application for borrowers as well as additional information our businesses need to know.
- As always, we are here to answer any questions you have although all banks are waiting for additional documents and answers from the treasury which we hope to have prior to the start date of Friday, April 3rd.
- If you are a current customer with a business lending relationship, please contact your lender to learn more about the program. You can click HERE to access our lenders contact information.
- If you are a business deposit customer or do not currently have a relationship with Range Bank, please contact Bryan Spaeth at (906) 226-1009 or at email@example.com to learn more about the programs available.
Wednesday, April 1, 2020
RANGE BANK IS HERE TO HELP OUR MORTGAGE CUSTOMERS! HERE IS SOME INFORMATION TO ASSIST YOU IN GETTING HELP:
The new CARES Act contains language to help customers with home loans that Range Bank services.
Range Bank can help borrowers who request and make an affirmation of financial hardship due to COVID-19.
- The period can be up to 180 days based on our borrower’s request.
- There will be no penalties, fees or extra interest during the forbearance period. Note that the term forbearance is an option to delay your payments.
- Some limitations apply so contact your lender for further details. Click HERE to find the contact information for your mortgage lender.
Tuesday, March 31, 2020
RANGE BANK IS HERE TO HELP OUR BUSINESS CUSTOMERS! HERE ARE SOME FACTS TO ASSIST YOUR BUSINESS IN GETTING HELP:
The new CARES Act was recently passed by the federal government and there are programs included to help businesses during this cash flow crisis.
- We have attached a Small Business Owner Guide to CARES Programs issued by the U.S. Senate Committee on Small Business & Entrepreneurship. Click HERE to view.
- We are an SBA 7(a) lender and can help our small business customers access funds from the Paycheck Protection Program once the guidelines are released to all banks. The guidelines should be available soon and we will provide updated information once they are received.
- If you are a current customer with a business lending relationship please contact your lender to learn more about the program. You can click HERE to access our lenders contact information.
- If you are a business deposit customer or do not currently have a relationship with Range Bank then please contact Bryan Spaeth at (906)226-1009 or at firstname.lastname@example.org to learn more about the programs available.
Tuesday, March 24, 2020
Starting Saturday, March 28th all Range Bank offices will be temporarily closed on Saturdays. To help minimize the exposure and risk of COVID-19, we are temporarily closing our offices on Saturdays while the ‘Stay Home, Stay Safe’ executive order is in effect. Our drive-thru’s continue to remain open during normal business hours during the week. Thank you for understanding. We encourage you to use our digital banking tools during this time. To learn more about our digital banking tools visit: RangeBank.com/digital-banking.
Monday, March 23, 2020
Governor Whitmer of Michigan and Governor Evers of Wisconsin both ordered all non-life-sustaining or protecting businesses to close their physical locations as of Tuesday, March 24th in Michigan and Wednesday, March 25th in Wisconsin. Range Bank is an essential business and WILL be open for business.
We are here to take care of all your banking needs. Our drive-thru’s are open and we are available in extreme situations by appointment. Please know that we continue to be of service to you and can be reached by:
- Letting the Customer Service Representative in the drive-thru know.
- Contacting us at (877)441-4042.
- Through messaging on our digital banking, or at RangeBank.com.
- Direct numbers to many of our team-members can be found at RangeBank.com by clicking on contact us under the resources tab. Many of our employees are working remotely, so please leave a detailed message and they will return your call.
As the coronavirus impacts our communities, it won't impact our commitment to serve you. Thank you for your flexibility and patience as we all deal with this situation, and for your continued trust in Range Bank.
Tuesday, March 17, 2020
Over the past week, many actions have been put in place by our government to protect the health of our communities against COVID-19. We want to share with you the safety precautions Range Bank is taking.
While we remain open and ready for business, starting March 18, 2020, in order to limit non-essential personal interactions, we are limiting our service to drive-thru only. Our branch lobbies will be accessible by appointment for special circumstances. Please know that we continue to be of service to you and can be reached by letting the Customer Service Representative in the drive-thru know, by contacting us at (877)441-4042, through messaging on our digital banking, or at RangeBank.com. Direct numbers to many of our team-members can be found at RangeBank.com by clicking on contact us under the resources tab.
Apart from the fact that we are temporarily shifting how we serve you, your money is safe, and you will see no change in the service that you receive. Thank you for your flexibility and patience as we all deal with this situation.
Friday, March 13, 2020
To help minimize the exposure and risk of COVID-19, we are asking customers to utilize our drive-thru banking and limit visiting our lobbies. We are actively monitoring the situation and will inform you if further precautions are necessary. We encourage customers to use our digital banking tools, which allow you to complete a wide variety of transactions from the convenience of your home.
Wednesday, March 11, 2020
As the coronavirus situation continues to evolve, we feel it is important to connect with you and share the actions that Range Bank is taking to prepare, as well as steps you can take to be prepared, should the impact to our communities increase.
Most importantly - what does this mean for you and your finances? Don’t panic – prepare. Sometimes just the act of planning helps to ease the stress of facing the unknown. We encourage you to take a proactive approach, with these strategies for financial preparedness:
- Make the most of our digital banking services.
This step is the most important, and easiest, to accomplish when it comes to financial preparedness. Range Bank offers a full suite of digital banking services, both online and mobile, that are user-friendly and easy to use. Customers with online and mobile accounts can complete a wide variety of transactions from the convenience of their homes, including:
- Checking account balances 24/7
- Access to monthly bank statements
- Paying bills with Bill Pay
- Depositing checks through our mobile app, simply by taking a photo of the check with a smartphone
- Transferring money between accounts
These are just a few ways that digital banking makes it easier to maintain finances without leaving home. To learn more about Range Bank’s digital banking services, visit rangebank.com/digital-banking.
- Enroll in mobile deposit.
Those who receive paper checks from their employers or Federal benefits should enroll in mobile deposit. With mobile deposit, you can deposit your check into your Range Bank account simply by taking a photo of your check with your smart phone. To learn more, visit rangebank.com/personal/mobile-deposit.
- Have some cash on hand.
While the safest place for your money is the bank, as it’s secure and convenient to access. It’s always a good idea to keep some cash handy in a safe, secure place – just in case.
Range Bank will closely monitor guidance from the Centers for Disease Control and Prevention and local health officials in our region. We will continue to rely on their recommendations and expertise to inform our decisions. Continue to visit this page to read the latest updates from Range Bank regarding the coronavirus.
In addition, we realize how important access to banking services is and that is why we have been proactive in preparing should governmental agencies require companies to close and/or require employees to stay home. We have implemented a plan for critical functions to continue operating remotely should it be necessary.
Thank you for your continued trust in Range Bank.
Your friends at Range Bank
We are here to help.
Please know that we continue to be of service to you and can be reached by:
- Contacting us at (877) 441-4042
- Through messaging on our digital banking
- Direct numbers to many of our team-members can be found on our Contact Us page.