Banking

ABA contributes to catastrophe relief efforts in Hawaii, prompts lenders to contribute

In the consequences of the unmatched wildfires in Hawaii, the American Bankers Association will contribute $25,000 to the Hawaii Community Foundation’s Maui Strong Fund to help with instant catastrophe action and healing. The ABA contribution follows a comparable contribution from our alliance partners at the Hawaii Bankers Association. HBA was among the very first companies to contribute to the Maui Strong Fund, and banks throughout Hawaii are stepping up to support relief efforts by accepting contributions at branches throughout the state.

“It’s hard to fully comprehend the damage and destruction we are seeing on Maui, and our hearts go out to all those affected by this disaster,” stated Rob Nichols, ABA president and CEO. “We’re proud to stand with our friends and colleagues at the Hawaii Bankers Association in support of the Maui Strong Fund, and we urge bankers across the country to consider donating to this worthy and important cause.”

The Maui fires have actually damaged more than 2,700 structures and left as numerous as 4,500 homeless since Aug. 13. Officials state it might take years to reconstruct the town of Lahaina and recuperate from the most dangerous U.S. wildfire in more than a century. Five of the 7 banks chartered in Hawaii have branches in Lahaina, and teller have actually been amongst those straight impacted by the catastrophe.

“We appreciate the support we have received from our friends at the American Bankers Association and bankers around the nation,” stated Neal Okabayashi, executive director of the HBA. “It will take time for Lahaina and the other communities affected by the fires to recover from this unimaginable tragedy, but with the help of the banking industry and many others, we will rebuild.”

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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