During the American Bankers Association’s Annual Convention in New York today, the association announced that it will donate $100,000 to a Hurricane Michael relief fund created by the state of Florida to assist communities throughout the state as they respond to and recover during times of emergency or disaster. ABA made a similar donation earlier this year after Hurricane Florence.
Several Florida banks were affected by the storm, including Summit Bank N.A. in Panama City, which lost its headquarters. “We are heartbroken over the loss of life and destruction caused by this storm,” said ABA President and CEO Rob Nichols. “Hurricane Michael spared no one in its path and that includes bankers and their families. I am encouraged by their resilience and the industry’s response to the storm, and our contribution is one thing ABA can do to aid the rebuilding effort in Florida. “
“I’m proud to be part of an industry that steps up in our time of need,” said Florida Bankers Association President and CEO Alex Sanchez. “We applaud ABA’s contribution and the unwavering support of bankers everywhere, which will go a long way to help Floridians get back up and running.”