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MAJOR FLORIDA BANKS ANNOUNCED REBUILD SOUTH FLORIDA DRIVE; THEY WILL MATCH FIRST $2 MILLION

 MAJOR FLORIDA BANKS ANNOUNCED REBUILD SOUTH FLORIDA DRIVE;
 THEY WILL MATCH FIRST $2 MILLION
 MIAMI, Sept. 16 /PRNewswire/ -- Florida's four leading banks announced today that they have begun a new drive called We Will Rebuild -- Bank Matching Fund to raise funds to help rebuild hurricane- devastated southern Dade County.
 Barnett Banks, Inc. First Union National Bank of Florida, NationsBank and SunBanks, Inc. collectively will match the first $2 million in public contributions. The money will be given to the We Will Rebuild committee, a group of 125 South Florida business and civic leaders who, at the urging of President Bush and Gov. Chiles, have banded together to drive public and private rebuilding efforts beyond those funded by government assistance.
 "We will Rebuild will be focused not on immediate relief, but on the job of reconstruction and recovery," said Alvah H. Chapman Jr. former chief executive of Miami-based Knight-Ridder, Inc. who was appointed the committee's chairman by President Bush. "Our intention is to build a better, healthier community. Our drive will take this devastated area beyond the basic survival assistance the government and other agencies are providing.
 "The matching grant program put together by the four major banks actually represents a $4 million opportunity for the We Will Rebuild effort," Chapman said. "Added to several million dollars already raised by the banks for the initial relief effort, this represents a significant contribution to the healing and rebuilding of Dade County. Our county can be most grateful for such an effort."
 Previously, the four banks have contributed almost $2 million to match public donations to the American Red Cross and United Way of Dade County to aid relief efforts.
 Hurricane Andrew is estimated to have caused approximately $20 billion in damage to homes, businesses, schools and churches in South Florida. Most donations so far have gone to immediate relief for the hurricane's victims.
 Contributions to the fund are tax deductible. In order to be matched by the banks, checks should be made out to We Will Rebuild -- Bank Matching Fund, and delivered to any of their branch offices or mailed to:
 We Will Rebuild -- Bank Matching Fund
 P.O. Box 025298
 Miami, FL 33102-5298
 -0- 9/16/92
 /CONTACT: Bob Stickler of Barnett Banks, Inc., 904-791-5437; George Owen of First Union National Bank of Florida, 800-669-5855; Sheryl McAlister of NationsBank of Florida, 305-928-1089 or 704-386-3150; or John McGuire of SunBanks, Inc., 407-237-5109/ CO: Barnett Banks, Inc.; First Union National Bank of Florida;
 NationsBank of Florida; SunBanks, Inc. ST: Florida IN: FIN SU:


AW-JB -- FL023 -- 0199 09/16/92 14:18 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
Words:429
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