Coronavirus (COVID-19) Information Center

We Are In This Together

Ambler Savings Bank cares about the health and safety of our employees, and the customers and communities we serve. We understand the significant impact that the coronavirus pandemic is having on many of our consumer and small business customers. We continue to work with those impacted, providing a variety of solutions that make the most sense for meeting their particular needs. We are all in this together and we are here to help.

Click on the links below for important information on our efforts in those areas.

Preventing the Spread of COVID-19 and Supporting our Employees

To protect the health and safety of our customers and employees, and prevent the spread of the Coronavirus, we have taken the following precautionary measures:

  • We have increased the frequency of disinfecting our facilities, our drive-thru stations and our ATMs.
  • We have made hand sanitizer and gloves available to employees.
  • We have provided our employees with helpful information and procedures recommended by the CDC to protect themselves and those around them.
  • Most importantly, we have instructed our employees to stay home if they don’t feel well.
  • We have maintained all critical functions of our operations while limiting the number of employees working at the same locations at the same times by utilizing remote capabilities, as well as staggered working hours.
  • We have remained sensitive and supportive to our employees with special health concerns and those that are caring for children or older relatives.
  • We have continued to pay all of our employees their regular salaries and have not laid off any employees during these difficult times.

Visit our News and Events for letters from our President regarding COVID-19 updates for our customers.

Branch Access, Drive-Thru Service, and ATMs

The safety and well-being of our customers, employees and communities remains our top priority, while continuing to serve you with as minimal disruption as possible. In accordance with Governor Wolf’s order, Ambler Savings Bank – as a “life-sustaining” business – will remain open to serve our customers and communities. While our branch lobbies will continue to be closed to promote social distancing, customers are able to continue day-to-day banking by:

Drive-Thru Service

Drive-thru stations are available at each of our branch offices and are open during normal business hours as follows:

 

Mon-Thurs

Friday

Saturday

Ambler

8am-6pm

8am-6:30pm

9am-12pm

Bally

9am-5pm

9am-6pm

9am-12pm

Fairview Village

9am-4pm

9am-6pm

9am-12pm

Limerick

8am-6pm

8am-6:30pm

9am-12pm

Visit Locations for addresses of our branch offices.

Appointments

In-person or phone appointments can be made for safe deposit boxes, loan closings, and other special circumstances. Please contact your local branch office to request an appointment.

Location

Phone Number

Ambler

215-646-8400

Bally

610-845-3353

Fairview Village

610-650-9517

Limerick

610-495-2265

ATMs

ATMs are available 24/7 at each of our branch offices for cash withdrawals and to check balances.

 

Bank at Home 24/7 with our Digital Solutions

With impacts to branch availability and Governor Wolf’s stay-at-home order, we strongly recommend that you leverage all of our available tools and resources for self-service banking and 24/7 account access through our online, mobile and telephone banking services.

Through these channels, you can:

  • Check balances and account activity
  • Schedule and track bill payments
  • Transfer money between your Ambler Savings Bank accounts
  • Sign up and retrieve eStatements
  • View up to 24 months of account history
  • Send and receive money with people you know and trust in the US using Zelle®
  • Deposit checks with our mobile app
  • and much more...

Visit Online Banking and Mobile Banking for more details.

 

Personal Customers with Financial Hardships

During these challenging times, we are taking additional steps to support and protect your financial well-being. To help those customers who are experiencing financial hardships due to sickness or workplace closures as a result of COVID-19, we are offering the following support:

Deposit Accounts

Ambler Savings Bank is prepared to assist those directly impacted customers by waiving or refunding certain fees associated with deposit accounts such as monthly service charges, overdraft fees and early withdrawal penalties on certificates of deposit. Contact your local branch office and we will work with you directly.

Loans and Lines of Credit

If you are unable to make your loan payment, we may have options to help you navigate this unprecedented time. Specifically, we will consider assisting those impacted customers by waiving or refunding fees associated with lending products. If you are concerned about making your loan payments, we have a variety of programs available to assist you. Solutions may include the ability to postpone payments for a period with no late fees during the postponement period.


We appreciate your business and hope that our customers who require assistance during this difficult time will contact us so that we can determine how best to help. Please contact our Lending Department at 215-646-8400 Monday through Friday 8am to 5pm.

CARES Act

The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed into law on March 27, 2020. It provides over $2 trillion to combat the coronavirus (COVID-19) and stimulate the economy. The relief package includes rebates for individuals, small business loans, increased unemployment benefits and a variety of tax breaks. Many of the provisions end the earlier of December 31, 2020 or once the President declares that the coronavirus emergency is terminated. There are many open questions regarding the provisions. More details may become apparent thorough analysis and as the industry considers the full impact of all 880 pages of the new law. Through the CARES Act and the Small Business Administration, Ambler Savings Bank is offering small business loans through the Paycheck Protection Program (PPP).

Paycheck Protection Program (PPP)

The CARES Act provides $350 billion of small business “paycheck protection” loans through the SBA 7(a) program. Eligible borrowers include COVID-19-affected businesses with fewer than 500 employees, and the maximum loan size is $10 million. Loan payments are deferred for six months.

Loan proceeds used for certain purposes are forgiven and reimbursed to the lender by SBA. These purposes include up to 8 weeks of: payroll, mortgage interest, rent, and utilities. Loan underwriting terms are relaxed and loan fees are waived. The portion of the loan that is not forgiven has a term of 10 years and an interest rate not to exceed 4 percent. The loans carry a 100 percent guarantee for the life of the loan.

For more information on the Paycheck Protection Program, view or download the following:

For inquires on how Ambler Savings Bank can assist with loans through the PPP, please contact Patrick Rice, Commercial Lending Officer, at price@amblersav.com or 215-591-4155.

SBA Disaster Assistance Loans


Ambler Savings Bank is NOT able to assist you directly with the SBA’s Economic Injury Disaster Loans (EIDL), which offer vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Small business borrowers need to apply directly with the SBA. Please see SBA Disaster Assistance.

Note that small business borrowers cannot get both an EIDL and PPP loan to be used to cover the same expenses. Borrowers who accepted an EIDL may be able to refinance the EIDL into a PPP loan in order to participate in loan forgiveness. If an EIDL loan was not used for payroll costs, eligibility for a PPP loan may not impacted.

Prevent COVID-19-Related Scams and Fraud

Ambler Savings Bank is always focused on the security of our customers and their accounts – this situation is no different. It is unfortunate that in times like these there are individuals or organizations who would take advantage of those in need or those who are trying to help. But that is exactly what is happening. The coronavirus has provided fuel for cyber criminals to prey upon the public’s concern about this global crisis. Recent scams are designed to trick people into sending money, to disclose personal information or to click on emails and websites that deliver computer malware onto your computer or network. Do not take the bait. Be alert to phishing emails, fraudulent text messages and other coronavirus-related scams, which may include:

  • Impersonating a representative of a bank or other financial institution providing or requesting information about  your account.
  • Seeking donations for charitable causes related to the virus.
  • Impersonating a legitimate medical or health organization selling products that claim to prevent, mitigate, treat, diagnose or cure coronavirus.
  • Posing as an in-demand medical supply company offering to sell hard-to-find medical supplies to protect against the virus.
  • Taking advantage of the recent increase in work-at-home arrangements by impersonating legitimate business correspondence.
  • Posing as a government organization claiming to provide information about the coronavirus, such as heat maps or infographics.

Important Note

Ambler Savings Bank will never ask you to verify your personal account information over the phone or via text or e-mail message if we initiated the call or message as we already have that on file. If you receive a phone call, test or e-mail asking you to verify such information, don't respond. Instead, contact us using the numbers on our website. For additional security information visit our Security Center.

FDIC FAQ for Bank Customers

The Federal Deposit Insurance Corporation (FDIC) is working with federal and state banking agencies, as well as financial institutions to consider all reasonable and prudent steps to assist customers in communities affected by the COVID-19. In addition, the agency is monitoring information issued by international and U.S. health organizations.

As the economic impact from COVID-19 continues to be felt, many in our community are concerned about their financial situation, which may include wondering about the safety of the money in their checking and savings accounts. As a member of the FDIC, Ambler Savings Bank accounts are backed by the federal government. The FDIC is proud to note that since its founding 1933, in response to the Great Depression, no depositor has ever lost a single cent of insured funds. Even in these uncertain times, the agency confirms that FDIC-insured funds are as safe as ever. To help you better understand the value of your FDIC-insured accounts, the FDIC has provided answers to some of its most common questions: FDIC FAQ for Bank Customers.

 

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