Banks ease loan process for storm damage
Photo credit: Heather Walsh | Chief executive Joseph Perri says Gold Coast Bank promises loan applicants an acceptance or rejection within 72 hours. (Sept. 15, 2011)
Some banks are making it a little easier for cash-strapped homeowners and businesses to borrow money to repair damage from Tropical Storm Irene, as federal banking officials had urged. They include Gold Coast Bank, Bethpage Federal Credit Union, Citizens Bank and Residential Home Funding Corp.
Gold Coast, which is headquartered in Islandia and has branches there, in Setauket and Huntington,...
