In response to recent severe weather conditions, including floods, tornadoes, snow and ice, Bank of America is providing $150,000 to the American Red Cross. The funding to Red Cross Disaster Relief will help support emergency relief supplies, shelters, food and health/mental health services for those affected by the storms and flooding this month, and assist the Red Cross to prepare for and respond to other crises.
Tornadoes and severe flooding have had significant impact across five states in the South (Alabama, Mississippi, Tennessee, Georgia and Kentucky), while Winter Storm Ulmer brought blizzard conditions, flash flooding, and high wind warnings to the Midwest, with flooding continuing to impact Iowa, Illinois, Nebraska, Wisconsin, Minnesota, parts of western Kansas, and along the Missouri and Mississippi rivers.
In addition, the company is matching employee donations through an internal program, with the minimum amount eligible for matching lowered to $1 from the standard $25 in response to the crisis.
Bank of America’s Client Assistance Program is also in place to help clients experiencing distress. The bank will work with each client on a case-by-case basis to assist with their specific needs. Clients directly impacted by any of the recent weather events are encouraged to contact the bank to discuss potential assistance options.
Bank of America and its employees have a history of responding to disasters, providing more than $4.5 million to the Red Cross in support of disaster relief efforts over the last five years.
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Connect with us on Twitter (@BofA_News).
For more Bank of America news, including dividend announcements and other important information, register for news email alerts.
Liz Wright, Bank of America
Phone: 1.646.855.3302
elizabeth.i.wright@bofa.com
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