Academic journal article ABA Banking Journal

Helping California Communities Recover

Academic journal article ABA Banking Journal

Helping California Communities Recover

Article excerpt

Last fall, the state of California experienced the most devastating wildfires in its history, leaving thousands without homes and entire towns destroyed. To help with the recovery effort, ABA donated a total of $45,000 to three different funds created by California banks to help those impacted by the fires, including bank employees.

ABA contributed $15,000 to each of the following:

* Tri Counties Bank funds. This Chico-based bank is in the heart of the fire zone, and the homes of at least 35 employees were completely destroyed. In response, the bank launched the TCB Employee Disaster Relief Fund which will specifically assist the employees of Tri Counties Bank directly affected by the Camp Fire. In addition, Tri Counties set up the Camp Fire Fund 2018, providing an initial deposit of $25,000 to benefit fire victims in the area around Paradise, California, that has now grown to $1.7 million.

* Golden Valley Bank's Camp Fire relief efforts. This Chico-based bank also serves the communities most directly impacted by the Camp fire, and at least five employees lost their homes in the blaze. In the aftermath of the fire, the bank quickly stepped up to create a relief fund to assist victims and contributed an initial $50,000. In an effort to help businesses in the area, the bank set up a primary fund under the Golden Valley Bank Community Foundation and created sub-funds so local organizations could help direct donations to relief efforts. …

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