ABA - American Bankers Association
10/10/2024 | Press release | Distributed by Public on 10/10/2024 11:47
ABA to Donate $50k to Hurricane Milton Relief Efforts in Florida
WASHINGTON -
The American Bankers Association today announced it will donate $50,000 to help aid recovery efforts in Florida in the wake of Hurricane Milton. The Category 3 storm left a path of destruction across the state, resulting in significant flooding, power outages and tornadoes that claimed at least four lives. Hurricane Milton hit Florida less than two weeks after Hurricane Helene caused extensive damage to the state.
At the urging of the Florida Bankers Association, ABA will make its contribution to the Florida Disaster Fund, the State of Florida's official private fund established to assist Florida's communities as they respond to and recover during times of emergency or disaster. ABA is encouraging bankers across the country to consider contributing to relief efforts in Florida.
"While the full extent of the damage is not yet known, Hurricane Milton has delivered significant flooding and damage to communities across Florida," said Rob Nichols, ABA president and CEO. "We hope our contribution will help get Floridians on the road to recovery, including members of our banking family."
Today's donation follows ABA contributions last week to aid relief efforts in North Carolina and Tennessee following Hurricane Helene. ABA donated $50,000 to the North Carolina Bankers Association's Hurricane Helene Relief Fund through the NCBA Foundation, where funds will be directed to bank employees in Western N.C. which suffered the most significant property damage and loss of life. ABA contributed an additional $50,000 to the Tennessee Bankers Association's Disaster Relief Fund, administered by the Community Foundation of Middle Tennessee, to help communities in East Tennessee devastated by flooding from Hurricane Helene. TBA has also contributed $10,000 to its Disaster Relief Fund.
ABA has launched a new web page highlighting how bankers can help those affected by the recent hurricanes. The webpage also features a running list of individual institutions stepping up to aid recovery efforts and help customers and communities affected by the storms. Banks interested in sharing details on their own efforts should contact ABA's Mike Townsend at [email protected].
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $23.9 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $18.8 trillion in deposits and extend $12.5 trillion in loans.
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