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Public Relations >> Press Release, January 18, 2005

Press Release

Contact: Anissa Yates
For Release: 01/18/05
916/438-4408

California banks contribute to global tsunami relief effort

Members of California Bankers Association unite to provide relief

SACRAMENTO - January 18, 2005 - The California Bankers Association (CBA) today recognizes the efforts of its members to provide relief to those affected by the tsunami in Southeast Asia.

  • Bank of America contributed $500,000 from its Bank of America Charitable Foundation to AmeriCares, American Red Cross International Response Fund, Catholic Relief Services, Save the Children, UNICEF, and World Vision. Bank of America and its associates also will donate in excess of $1 million to non-profit organizations working in support of Asia disaster relief efforts through the company's employee matching gifts program.

  • Bank of the West's parent company donated 600,000 euros to the relief efforts and will be matching donations made by all European BNP Paribas employees. Bank of the West has donated an additional $500,000 to the International Red Cross.

  • California National Bank is matching all donations made by employees and sending their contributions to World Vision International.
    " Comerica Inc. donated $50,000 to the American Red Cross and is coordinating contributions from its customers to be sent to the American Red Cross.

  • The CitiGroup Foundation donated $3 million to the tsunami relief efforts and will match all employee contributions to legitimate, non-profit organizations working in support of the relief effort. Of the $3 million donation, $1 million will go to the Red Cross, $1 million will be given to other non-government organizations and the remaining $1 million is earmarked for rebuilding the affected communities.

  • City National Bank contributed $25,000 to the American Red Cross International Response Fund and Save the Children and will match up to $25,000 for donations made by their employees.

  • Far East National Bank is matching all donations made by employees up to $1,000 per employee for tsunami relief. After only the first week, more than 40 percent of Far East National's employees participated in relief efforts, contributing more than $12,000 to the American Red Cross and other relief organizations.

  • Providian Financial contributed $50,000 to Save the Children and will match up to $1,000 per employee for their contributions to the effort.

  • Umpqua Bank contributed $3,000 to the Mercy Corps and an additional $10,000 to other relief organizations. Additionally, Umpqua will match employee contributions up to $10,000 for contributions made to all tsunami relief organizations.

  • Union Bank of California's UBOC Foundation contributed $25,000 to relief efforts and will match up to $2,500 per employee for their contributions to relief efforts.

  • Washington Mutual has donated $100,000 to various agencies administering relief to victims, including the American Red Cross, Salvation Army, the Mercy Corps and CARE.

  • Wells Fargo has donated $100,000 to the American Red Cross International Response Fund and will provide matching funds of up to $250,000 for donations made by its employees. In addition, Wells is waiving the money transfer fees for U.S.-based customers sending money to family and friends affected by the disaster.

Information about CBA
Established more than 110 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country. CBA leads the way in developing relevant educational and legislative solutions to some of California's more pressing financial and banking issues, including financial privacy, predatory lending, usage fees, and financial elder abuse. CBA's membership includes more than 300 of California's commercial, industrial and community banks and savings associations.


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