Vista Bank announces loan program for furloughed government employees

Vista Bank announces loan program for furloughed government employees
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LUBBOCK, TX (KCBD) - Vista Bank in Lubbock has announced a loan program that is specifically targeted towards government workers who are affected by the partial government shutdown.

About one quarter of the United States government has been shutdown for more than 30 days as legislators in the U.S. capital duke it out a spending bill that would provide around $5.7 billion for a wall on the U.S-Mexico border. Nine departments are affected by this shutdown, some of which include the Department of Homeland Security, Justice, State and Treasury, Environmental Protection Agency and the Transportation Security Administration.

To ease some of the burden on government employees who are not getting paid or working without pay, Vista has introduced a People First loan, which offers no interest, payment or fee loans, according to a Vista news release. Approved loans can be funded within 24 hours into a Vista checking account for immediate relief.

“What makes community banks special is our ability to be nimble enough to address real-world problems in real time,” John Steinmetz, Vista Bank CEO, said in the release. “It feels good to see so many community banks step up to the plate – helping neighbors who keep showing up to work without receiving a paycheck. As a bank committed to putting People First, I challenged our team to create something really impactful, something that reached beyond existing customers to support our fellow West Texans on terms that could make an immediate difference for them and their families.”

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