Saturday, March 12, 2011

Bank of America Announces Support Following Devastating Earthquake and Tsunami in Japan

Bank of America has just announced a 100 million yen ($1.22 million)
commitment to aid victims of the earthquake and tsunami in Japan. This
includes a 50 million yen grant to the American Red Cross (ARC), which
is partnering with the Japanese Red Cross Society to help meet the
immediate needs of survivors.
"We are determined to do our part in ensuring that the communities
affected by this tragedy receive relief and refuge as soon as
possible," said Brian T. Moynihan, president and chief executive
officer of Bank of America. "We are coordinating with employees in
Japan and across the globe on a number of initiatives aimed at
encouraging a swift recovery."

As relief efforts evolve in the coming weeks and months, the remaining
50 million yen will be directed toward long-term recovery, including
the rebuilding of homes, schools and other critical infrastructure.

In addition, Bank of America will match employee pledges to the ARC
"Japan Earthquake/Pacific Tsunami Relief Fund" through the bank's
Matching Gifts program, and will not limit its overall company donation.