ABA Urges Bankers to Support Puerto Rico Recovery, Emergency Response

With Puerto Rico facing a daunting recovery from the massive destruction of Hurricane Maria, American Bankers Association President and CEO Rob Nichols has announced that the association will contribute $100,000 for Hurricane Maria relief, as it did after both Hurricanes Harvey and Irma. ABA is also encouraging bankers across the country and ABA staff to support Puerto Rico’s recovery.

Consulting with the Puerto Rico Bankers Association, ABA is contributing to United for Puerto Rico, a fund established by Puerto Rican First Lady Beatriz Rossello in collaboration with the private sector to provide post-hurricane relief. ABA will match employee contributions to relief efforts as it did after Harvey and Irma. ABA staff members have contributed a total of $25,000 to the overall relief effort, bringing the total relief contribution this year from ABA and its employees to $350,000.

ABA staff, working with federal agencies and the Financial Services Information Sharing and Analysis Center, are in close contact with local banking personnel and assisting with Puerto Rican banks’ efforts to recover and restore full access to the banking system.