Due to the government shutdown on October 1, 2025, Peoples Bank is taking steps to help federal workers who have been furloughed. We are working to provide a range of options which may include the following:
1. Mortgage Loans
Peoples Bank will offer up to six months of forbearance on mortgage payments or until the government shutdown ends, whichever comes first. Credit reporting will be paused, and late fees will be waived during this period.
2. Consumer Term Loans
Borrowers affected by the shutdown may defer up to six monthly payments or until the shutdown ends, whichever comes first. The loan maturity will be extended accordingly. Credit reporting will be suspended, and late fees will be waived.
3. Consumer Lines of Credit
Shutdown-affected borrowers may defer payments for up to six months or until the government shutdown ends, whichever comes first. Maturity dates remain unchanged. Full principal and accrued interest are due at maturity. Credit reporting will be paused, and late fees will be waived.
4. Short-Term Loan
Please contact us for additional details.
Program availability and eligibility may vary based on individual circumstances. Not all options may be available to all borrowers. We encourage you to contact us directly to discuss your specific situation and explore the support that best fits your needs.