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Floods

American Bankers Association Donates $10,000 to Assist with Texas Flood Relief Efforts

Strategic Insights

— 1 min read

The recent catastrophic flooding in Central Texas has left a trail of destruction and loss of life, prompting the American Bankers Association (ABA) to donate $10,000 to the Texas Bankers Foundation, the charitable arm of the Texas Bankers Association. The ABA's donation is part of a larger effort to provide immediate financial assistance to those affected by the flooding, with 100% of earmarked donations going directly to support those in need.

Key Takeaways:

  • The American Bankers Association will donate $10,000 to the Texas Bankers Foundation to assist with disaster response and recovery efforts in Central Texas.
  • 100% of earmarked donations will go directly to support those affected by the flooding, with the Texas Bankers Foundation established a page for online donations.
  • The Texas Bankers Foundation has made an initial $10,000 donation to the Kerrville-based Community Foundation of the Texas Hill Country to help victims of the flooding.
  • More support is forthcoming to other organizations to aid in the relief and recovery efforts.
  • Individuals, banks, or groups can contribute directly on the Texas Bankers Foundation donation page.

Statistics:

  • $10,000: The ABA's donation to the Texas Bankers Foundation to assist with disaster response and recovery efforts.
  • 100%: The percentage of earmarked donations that will go directly to support those affected by the flooding.
  • $10,000: The initial donation made by the Texas Bankers Foundation to the Kerrville-based Community Foundation of the Texas Hill Country to help victims of the flooding.
  • $24.5 trillion: The size of the nation's banking industry, as reported by the American Bankers Association.
  • 2.1 million: The number of people employed by the banking industry in the United States.
  • $19.5 trillion: The amount safeguarded in deposits by the banking industry.
  • $12.8 trillion: The amount extended in loans by the banking industry.

Sources:

  • American Bankers Association, "ABA Donates $10,000 to Assist with Texas Flood Relief Efforts"
  • American Bankers Association, "About the American Bankers Association"

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