Short Takes: A Pa. Bank Eases CD Rules for Flood Victims

National City Bank of Pennsylvania, Pittsburgh, has begun allowing customers to cash in certificates of deposit early if they need to pay for flood damage.

The company is responding to heavy rainstorms last week that wreaked havoc to homes and offices caused two deaths in the western part of the state, according to newspaper reports.

"We certainly recognize that this recent flood situation has presented unexpected financial difficulties for many residents of the western Pennsylvania communities we serve," said Thomas Golonski, the bank's president.

Customers don't have to pay early withdrawal fees on the CDs if they can show proof of uninsured flood damage or evidence of a flood damage claim that was rejected.

The bank is a subsidiary of National City Corp., a $50 billion-asset banking company in Cleveland, Ohio.

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