SAN FRANCISCO, Aug. 31 /PRNewswire-FirstCall/ -- Charles Schwab Bank today announced a Home Equity Line of Credit (HELOC) disaster relief program to assist individuals and families affected by Hurricane Katrina. "We at Charles Schwab Bank want to provide immediate assistance to those affected by Hurricane Katrina," said Richard Musci, chief marketing officer. "Many families have suffered a great loss, and we want to help them begin rebuilding their lives as quickly and easily as possible." The disaster relief program will offer up to $25,000, as either a new line of credit or an increase to an already existing line of credit. The HELOC is available on a primary or secondary residence, including residences that have sustained storm damage that normally would disqualify the property for a line of credit. To apply for the Charles Schwab Bank HELOC disaster relief program or to get more information, call 1-866-375-6663. In addition to credit underwriting requirements, the following criteria must be met by applicants in order to qualify for the Charles Schwab Bank HELOC disaster relief program: -- Borrower must currently have homeowner's insurance on the property and provide proof of insurance at the time of the disaster -- Property must be located in the designated disaster areas as determined by FEMA -- Borrower must provide a written affidavit confirming their loss About Charles Schwab Bank Headquartered in Reno, Nevada, Charles Schwab Bank, N.A. provides checking, savings, money market and CD accounts, home mortgages, HELOCs, Pledged Asset Mortgages, credit cards, debit cards, and more. Deposits are FDIC-insured. Clients can learn more about bank products and services, including the Schwab Bank Visa credit card and Schwab Bank Investor Checking, by phone, mail or schwab.com. Charles Schwab Bank, N.A. is a subsidiary of The Charles Schwab Corporation. (0805-5442) Charles Schwab Bank, N.A. Equal Housing Lender (Member FDIC) DATASOURCE: Charles Schwab CONTACT: Lindsay Tiles of Charles Schwab, +1-415-667-3997, or Web site: http://www.schwab.com/

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