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BBVA Raising $2M-Plus for Hurricane Victims
BBVA Executive Chairman Francisco González has reinforced the Group’s commitment to the U.S. after the most recent natural disasters.
"We're going to redouble our commitment to those affected through a number of actions,” he explains.
González met with the mayor of Houston, TX, Sylvester Turner, in September, offering a message of solidarity on behalf of the entire BBVA Group. He was also heading to Mexico City, Mexico to see first-hand the damages caused by the earthquakes in September.
In Houston, before visiting some of the branches damaged in the floods caused by Hurricane Harvey that devastated Texas at the end of August, González hosted a special event for the employees of BBVA Compass who were affected by Harvey. Hundreds of employees suffered losses, dozens of which lost their homes or vehicles or both.
The Monday after Harvey hit, when much of Houston was still underwater, BBVA Compass announced generous donations to the American Red Cross and Hurricane Harvey Relief Fund.
It also established a fund for its employees who suffered losses during Harvey, as well as Hurricane Irma that hit the Caribbean and Florida in September, and it plans to raise another $100,000 for the Hurricane Harvey Relief Fund via the BBVA Compass Dynamo Charities Cup.
That match, an exhibition game between the Houston Dynamo and Mexico’s Cruz Azul, was set for October 5 at BBVA Compass Stadium in Houston’s East End. All told, thanks to the contributions of BBVA, its employees, customers and the Dynamo Charities Cup, it’s estimated that more than $2 million will go to those affected.
BBVA’s executive chairman thanked all of the BBVA Compass employees and volunteers for their efforts to alleviate the impact of Harvey, and for the quick response in providing answers to customers during the emergency. González said that Birmingham, AL-headquartered BBVA Compass has played a key role in returning some sense of normalcy to Houston and praised the city's spirit.
“Texas and Florida are making an unprecedented effort to recover from devastating hurricanes,” González notes. “We at BBVA are joining in this great effort with some initiatives. We want to raise more than $2 million to help the victims. The largest part of this - a projected $1.5 million - is coming from BBVA itself, but we also marshaled the generous support of employees and customers. The U.S. is a very important country for BBVA. It´s our home. And so is Mexico, which was just hit by another earthquake with tragic consequences. I’m [planning to go] to demonstrate the BBVA Group’s support for all Mexicans and BBVA Bancomer.”
BBVA Bancomer, the Mexican franchise of BBVA, is assisting the Red Cross and cooperating with the Civil Protection Authorities to help those affected, and more actions are being considered.
Harvey affected more than 100 BBVA Compass branches in Texas, eight of which remain closed, while five will require a significant reconstruction. In addition, 75 ATMs were affected. Irma affected dozens of BBVA Compass branches and 31 ATMs in Florida.
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