Bank of America Expands Hurricane Harvey Relief Efforts
September 01 2017 - 6:32PM
Business Wire
- Mobile financial centers and mobile
ATMs sent to region
- 48 area financial centers have
reopened
- Company-employee donation match totals
nearly $1 million to date
- Foundation provides additional $1
million
Bank of America today announced that mobile financial centers
and mobile ATMs have been sent to the greater Houston area to
supplement local financial centers that continue to reopen in the
region impacted by Hurricane Harvey and its aftermath. To date, 48
of the bank’s 100-plus area financial centers have reopened, and
additional centers will open to assist customers on Saturday, Sept.
2. As the recovery continues, the bank will determine specific
areas of need for mobile financial assistance.
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. To
date, bank employees have donated $457,000, matched dollar for
dollar by the company for a total of $914,000. Those funds will be
distributed to charities selected by the donating employees.
That amount is in addition to $1 million in relief funding
provided by the Bank of America Charitable Foundation, with
$250,000 directed through the American Red Cross Disaster Relief
Fund and the remainder to be allocated as the company learns more
about specific recovery needs.
“The outreach from teammates across the company who are eager to
support the Hurricane Harvey recovery effort is overwhelming,” Bank
of America CEO Brian Moynihan said in a note to employees.
“We are activating our resources to bring relief to the
individuals, families, customers and communities that will continue
to be impacted by the unprecedented challenges Harvey is creating
across the region,” said Hong Ogle, Houston market president for
Bank of America. “We are humbled and heartened by the outpouring of
support.”
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/BofAOnline: www.bankofamerica.com
Customer Assistance Hotline (855.729.1764)Bank of America
has created a dedicated Customer Assistance line for customers
impacted by Hurricane Harvey, regardless of location, regarding
issues such as fee refunds, home loan and other credit-related
assistance. Anyone needing assistance can call 1.855.729.1764.
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.
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www.bankofamerica.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170901005789/en/
Reporters May Contact:Lawrence Grayson, Bank of America,
1.704.995.5825lawrence.grayson@bankofamerica.comBritney Sheehan,
Bank of America,
1.425.533.4531britney.w.sheehan@bankofamerica.com
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