A federal government shutdown occurs when lawmakers are unable to agree on new appropriations legislation before the current year’s appropriations ends. This results in a furlough of federal employees for an undetermined time causing financial hardship and uncertainty.
Sandy Spring Bank has a long-standing commitment to improve the quality of life for those that live in the communities we serve. Continuing with this commitment, Sandy Spring Bank will implement a Client Assistance Program to offer financial support to those facing potential hardship as a result of a furlough.
Program offerings may include:
- Special Rates on Lines of Credit
- Complimentary Financial Counseling
- Personal and Mortgage Loan Deferrals
- Penalty-Free CD & IRA Withdrawals
The loan offers and payment assistance options will be made available once a shutdown furlough occurs and are subject to program criteria and credit approval. Please bookmark this page and visit again for more details.