Bank of America Announces Hurricane Irma Relief Efforts
September 11 2017 - 11:24AM
Business Wire
- Foundation Pledges $1 Million in Relief
Funding
- Company Matches Employee Donations
- Mobile Financial Centers and Mobile
ATMs Sent to Region
- Corporate and Individual Commitments
for Hurricanes Irma and Harvey Collectively Total More Than $3.5
Million to Date
Bank of America today announced that it is directing $1 million
in funding from the Bank of America Charitable Foundation to aid
the victims of Hurricane Irma, including $250,000 to the American
Red Cross Disaster Relief Fund, with the remainder to be allocated
when an assessment is completed regarding specific recovery
needs.
Consumer and Small Business clients affected by Hurricane Irma
in FEMA-designated disaster areas in Florida may be eligible for
financial assistance. The bank will contact clients directly with
details. The bank has deployed mobile financial centers and mobile
ATMs to supplement local financial centers in the region. Decisions
regarding specific locations for those mobile capabilities will be
finalized when areas of extended need have been identified.
As it did with its Hurricane Harvey relief efforts, the company
is matching employee donations through an internal program, with
the minimum amount eligible for matching lowered to $1 from the
standard $25. To date, bank employees have donated $754,000 for
both relief efforts, matched dollar for dollar by the company for a
total of more than $1.5 million.
The company previously announced $1 million in Hurricane Harvey
relief funding, for a total to date of more than $3.5 million in
collective commitment from the company and its employees related to
the two storms.
"We will do all we can to continue to assist the communities and
our customers experiencing the devastating effects of these
hurricanes,” said Bank of America Chairman and CEO Brian
Moynihan.
Customer assistanceFor the most up-to-date information on
open/closure status of a nearby financial center or ATM, Bank of
America customers with cellular and/or internet access can use the
following links:
- Mobile: http://go.bofa.com/BofA
- Online: www.bankofamerica.com
In addition, the bank has created separate, dedicated assistance
lines for its retail, U.S. Trust, and Merrill Lynch customers and
clients impacted by Hurricanes Irma and Harvey:
Bank of America (855.729.1764)
U.S. Trust (866.252.5703)
Merrill Lynch (888.534.2034)
Bank of AmericaBank of America is one of the world's leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
47 million consumer and small business relationships with
approximately 4,500 retail financial centers, approximately 16,000
ATMs, and award-winning digital banking with approximately 34
million active users, including 23 million mobile users. Bank of
America is a global leader in wealth management, corporate and
investment banking and trading across a broad range of asset
classes, serving corporations, governments, institutions and
individuals around the world. Bank of America offers
industry-leading support to approximately 3 million small business
owners through a suite of innovative, easy-to-use online products
and services. The company serves clients through operations in all
50 states, the District of Columbia, the U.S. Virgin Islands,
Puerto Rico and more than 35 countries. Bank of America Corporation
stock (NYSE: BAC) is listed on the New York Stock Exchange.
Visit the Bank of America newsroom for more Bank of America
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www.bankofamerica.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170911005867/en/
Reporters May Contact:Lawrence Grayson, Bank of America,
1.704.995.5825lawrence.grayson@bankofamerica.comMatthew Daily, Bank
of America, 1.404.607.2844matthew.daily@bankofamerica.com
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