Umpqua Bank, which recently merged with Sterling Financial, has started a Wildfire Relief Lending Program to help customers in parts of Washington and Oregon hit hard by wildfires.
The new fund allows Umpqua customers who reside in area under voluntary or mandatory evacuation to receive rapid access to personal loans up to $2,500. The loans will help customers take care of immediate needs including short-term living expenses, generators for power and other immediate needs. Loan approvals are subject minimum credit requirements.
“Communities throughout the Umpqua footprint are currently facing one of the worst wildfire seasons in recent history and we wanted to do something to help,” said Ray Davis, Umpqua Bank president and CEO. “We realize that customers in Brewster and the surrounding areas have been deeply affected by the Carlton Complex fire, with some forced to evacuate with virtually no notice, and many customers in Burns, Oregon, have been seriously impacted. We’ve created this emergency lending program to provide quick, low-cost access to funds to support customers’ immediate needs.”