Bank of America Commits $1.22 Million to Japan Earthquake Relief Efforts

Bank of America has made a significant commitment to aid the victims of the earthquake and tsunami in Japan, announcing a 100 million yen ($1.22 million) donation to support relief and recovery efforts. The bank's contribution includes a 50 million yen grant to the American Red Cross (ARC), which is partnering with the Japanese Red Cross Society to provide immediate assistance to survivors. Bank of America president and CEO Brian T. Moynihan emphasized the importance of a swift recovery, stating that the bank is coordinating with employees in Japan and globally to support various initiatives. The remaining 50 million yen will be directed towards long-term recovery efforts, including rebuilding homes, schools, and critical infrastructure.

Key Takeaways:

• Bank of America has committed 100 million yen ($1.22 million) to aid the victims of the earthquake and tsunami in Japan.
• The bank's donation includes a 50 million yen grant to the American Red Cross (ARC) and an additional 50 million yen for long-term recovery efforts.
• Bank of America will match employee pledges to the ARC "Japan Earthquake/Pacific Tsunami Relief Fund" through the bank's Matching Gifts program.
• The bank's president and CEO, Brian T. Moynihan, emphasized the importance of a swift recovery and the need to support affected communities.
• The bank is coordinating with employees in Japan and globally to support various relief and recovery initiatives.
• Bank of America's donation is part of the bank's efforts to provide relief and support to those affected by the disaster.

Statistics:

• 100 million yen ($1.22 million) donated by Bank of America to aid the victims of the earthquake and tsunami in Japan.
• 50 million yen ($620,000) granted to the American Red Cross (ARC) for immediate relief efforts.
• 50 million yen ($620,000) directed towards long-term recovery efforts, including rebuilding homes, schools, and critical infrastructure.
• Bank of America will match employee pledges to the ARC "Japan Earthquake/Pacific Tsunami Relief Fund" up to a certain amount.

Sources:

• "Bank of America announces $1.22 million commitment for Japan earthquake relief efforts." (No publication date or date provided in the source material) [1]
• Bank of America press release, "Bank of America Announces Commitment to Aid Japan Earthquake Relief Efforts" (No date specified) [2]
• American Red Cross website, "Japan Earthquake/Pacific Tsunami Relief Fund" (No date specified) [3]

[1]

Syndicate Webintel (SWI)

[2] Bank of America's official press release channel

[3] ARC (American Red Cross)