Compass Donates $10,000 to Red Cross Relief Fund to Assist Fire Victims; Offers Special Programs for Consumers and Businesses to Aid in Recovery.Business Editors TUCSON, Ariz.--(BUSINESS WIRE)--June 27, 2003 Compass Bank today announced it will donate $10,000 to the American Red Cross American Red Cross: see Red Cross. Disaster Relief Fund in Southern Arizona Southern Arizona is a region of the United States. It is the southernmost portion of the 48th state, Arizona. Southern Arizona's boundaries are not well defined, but certainly include all of present-day Cochise County, Pima County, Graham County, and Santa Cruz County. to aid the victims of the Aspen fires The Aspen Fire burned from June 17, 2003 for about a month on Mount Lemmon, part of the Santa Catalina Mountains located in the Coronado National Forest north of Tucson, Arizona, and in the surrounding area. on Mount Lemmon Mount Lemmon is in the Santa Catalina Mountains located in the Coronado National Forest north of Tucson, AZ. It is 9,157 feet above sea-level, and receives approximately 180 inches of snow annually. . Compass has also implemented a special disaster recovery program in Tucson. This program offers new and existing Compass Bank customers a number of special loan options to help residents and businesses get access to the funds they need to recover from the disaster as quickly and economically as possible. "When a situation like this arises, individuals and businesses need access to funds to start the rebuilding process as quickly as possible," said Mark Mistler, President of Compass Bank-Tucson. "In addition to the immediate emergency relief available through the Red Cross, our special disaster recovery program can expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. the process required to access capital to rebuild homes and businesses. It also offers deferred payments on certain existing obligations to give individuals some time to rebuild their lives and businesses." In addition to the corporate contribution, Compass employees have given personal funds to purchase needed items for the firefighters battling the fires, and Compass' employee volunteer group, TeamCompass, has collected and donated hundreds of items to assist those battling the fires. Individuals or groups interested in making additional donations to the Red Cross Disaster Relief Fund can do so at any of Compass Bank's 19 Tucson locations via check or money order made payable to the American Red Cross Southern Arizona Chapter. Contributions will be accepted through July 31 and forwarded to the Red Cross. "Dozens of caring companies and employees like those at Compass have already come forward to pledge assistance to the massive recovery efforts that lie ahead of us," said, Richard White Richard White is the name of:
Compass Bank is a subsidiary of Compass Bancshares Compass Bancshares, Inc. is a privately held company based in Birmingham, Alabama. Its subsidiary, Compass Bank, is a Southwestern financial holding company with $47 billion in assets and 417 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. , Inc., a Southwestern financial holding company with $24.3 billion in assets and 355 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). and Texas. Compass Bancshares is among the top 40 U.S. bank holding companies by asset size and ranks among the top earners of its size based on return on equity. |
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