Banking

Big banks close branches, make donations in Irma’s path

Cars make their way through flooded streets at the intersection of Southwest 180th Street and 142nd Avenue in Richmond West, Florida on Monday.
Cars make their way through flooded streets at the intersection of Southwest 180th Street and 142nd Avenue in Richmond West, Florida on Monday. mocner@miamiherald.com

Charlotte’s big banks are making donations to Hurricane Irma relief efforts, even as their own operations continue to face the storm pummeling the Southeast.

Charlotte-based Bank of America said it plans to give $1 million to the American Red Cross and other agencies, while Wells Fargo, which has a major employee hub here, is giving $1.1 million to the relief organization and other groups.

Meanwhile, Bank of America said its branches in Florida, Georgia and coastal South Carolina were mostly closed Monday. The bank plans to deploy mobile financial centers and ATMs in areas where needed.

“We will do all we can to continue to assist the communities and our customers experiencing the devastating effects of these hurricanes,” Bank of America CEO Brian Moynihan said in a statement.

Wells branches in Florida and Georgia were also closed Monday, while some in South Carolina and Alabama were also closed or closed early.

“Wells Fargo is committed to working with organizations and agencies to help our communities recover, and we will determine the best way to support any additional efforts in the days and weeks ahea,” Wells CEO Tim Sloan said.

Both banks said they were taking steps to assist affected customers, such as waiving fees.

Rick Rothacker: 704-358-5170, @rickrothacker

  Comments