Tag Archives: Ridgewood Savings Bank

Ridgewood Savings to hold financial seminar, free homebuyers’ workshops


By Queens Courier Staff | editorial@queenscourier.com

Ridgewood Savings Bank will host a financial seminar and free homebuyers’ workshops at several branches in April and June for people who need assistance.

At the homebuyers’ workshop, bank representatives and a licensed architect will take participants through the process of buying a residence, including initial decision-making cost analysis, criteria for selecting the right home and mortgage application do’s and don’ts.

At the financial seminar, professionals will explain how to start and manage checking and savings accounts for emergencies, financials goals and retirement, among other topics.

“As a community-focused institution for more than 90 years, Ridgewood Savings Bank has an unwavering commitment to helping people achieve homeownership and financial stability,” said Peter Boger, Ridgewood Savings Bank chairman, president and chief executive officer. “These programs provide residents of the communities that we serve with vital information about purchasing a home, managing their money, and achieving their financial goals.”

Workshops
• Tuesday, April 8, 6:15-8:15 p.m. at the Ridgewood branch, 71-02 Forest Ave.
• Tuesday, April 22, 6:15-8:15 p.m. at the Astoria branch, 43-14 Ditmars Blvd.
• Tuesday, June 3, 6:15-8:15 p.m. at the Elmhurst branch, 74-25 Grand Ave.

Financial seminar
• Wednesday, May 14, 6:15-7:45 p.m. at the Astoria branch, 43-14 Ditmars Blvd.

 

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Banks to offer Sandy victims no foreclosures, late fees for 90 days


By Queens Courier Staff | editorial@queenscourier.com

Several major state-chartered banks and mortgage servicers have agreed to offer relief for home mortgage borrowers in Sandy-affected areas, including no foreclosures and late fees for 90 days, Governor Andrew announced today.

In the state, some of those banks include Apple Savings Bank, Dime Savings Bank of Williamsburg, Emigrant Savings Bank, M&T Bank, New York Community Bank, Ridgewood Savings Bank, Hanover Community Bank and others, and the state registered mortgage servicers Citi Mortgage, Homeward Residential, Ocwen Loan Servicing and Nationstar.

“Thousands of New Yorkers lost everything, while others are struggling with no electricity and limited ability to travel or communicate. As a result, some people may be late in payments on mortgages or incur other bank fees and penalties. I’m proud to say that major New York State chartered banks and registered mortgage servicers have agreed to waive fees and penalties so borrowers, who are already facing the difficulties and expenses of recovering, won’t have this additional cost. I call on any state chartered banks and mortgage servicers that have not yet provided relief programs to borrowers to follow suit,” said Cuomo.