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California banks contribute to global tsunami relief.


The California Bankers Association (CBA See Capital Builder Account. ) earlier this year recognized the efforts of its members to provide relief to those affected by the tsunami in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. .

Bank of America
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Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
 contributed $500,000 from its Bank of America Charitable Foundation to AmeriCares, American Red Cross American Red Cross: see Red Cross.  International Response Fund, Catholic Relief Services Catholic Relief Services (CRS) is the official international relief and development agency of the U.S. Catholic community. Founded in 1943 by the U.S. bishops, the agency provides assistance to 80 million people in 99 countries and territories in Africa, Asia, Latin America, the , Save the Children, UNICEF UNICEF (y`nĭsĕf'), the United Nations Children's Fund, an affiliated agency of the United Nations. , 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 BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and 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, nonprofit 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 Mercy Corps is a non-profit organization engaged in humanitarian aid and development activities. Mercy Corps works amid disasters, conflicts, chronic poverty and instability. Since 1979, Mercy Corps has provided more than $1.3 billion in assistance to people in 100 nations.  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 UBOC Union Bank of California  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 monkey to family and friends affected by the disaster.

Established more than 110 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country.
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Publication:San Fernando Valley Business Journal
Geographic Code:1U9CA
Date:Apr 25, 2005
Words:507
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