Banking

ABA contributes $50K to flood relief efforts in Kentucky and Montana

The American Bankers Association will contribute $50,000 to support flood relief efforts in Kentucky and Montana, the association revealed today. In reaction to the destructive flooding in eastern Kentucky that took a minimum of 37 lives, ABA’s Executive Committee has actually authorized a contribution of $25,000 to the Kentucky Bankers Relief Fund developed by the Kentucky Bankers Association. Money from the fund will help flood victims, consisting of more than 20 teller straight impacted.

The Executive Committee likewise authorized a $25,000 contribution to the ABA Foundation’s effort to assist victims of the unmatched June flooding around Yellowstone National Park in Montana. In coordination with the Montana Bankers Association, those funds will be directed to the Montana Community Foundation, which is assisting lead the healing effort. The flooding straight impacted some teller and has actually done considerable damage to the regional economy.

“The flooding in Kentucky and Montana has caused significant hardship for people in those communities including members of our banking family,” stated ABA President and CEO Rob Nichols. “We are pleased to make these contributions in support of our friends at the Kentucky Bankers Association and the Montana Bankers Association who have really stepped up to help their neighbors.”

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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