Below, some of the ways in which banks have extended a generous hand to the people suffering from the tsunami disaster.
Citigroup (New York, 1.26 trillion in assets) will contribute $3 million to support tsunami relief efforts. The contribution will be divided equally between the Red Cross for first response measures in the region; local NGOs in the affected countries; and for rebuilding the affected communities.
Citigroup will also match employee donations to organizations supporting the tsunami relief efforts by making a corresponding contribution to the Red Cross.
TD Bank Financial Group
TD Bank Financial Group (Toronto, $261 billion in assets) has contributed Canadian $250,000 to the Red Cross, and its brokerage subsidiary TD Waterhouse USA has contributed USD$25,000.
Wells Fargo (San Francisco, $422 billion in assets) will match up to $250,000 in contributions by its employees to the American Red Cross International Response Fund, UNICEF and Global Impact.
Also, Wells Fargo and ICICI Bank (Mumbai, $32 billion in assets) will waive the $8 transfer fee and the foreign currency fee for their international money transfer service, for U.S.-based customers to send money to family and friends affected by the tsunami. Funds can be accessed via ICICI Bank's 500 branches and 1,790 ATMs.
Sovereign Bank (Wyomissing, Pa., $60 billion in assets) has opened a special account to collect donations for the American Red Cross, and the bank will match up to $50,000 in donations.
Fidelity Bank (Atlanta, $1.2 billion in assets), a subsidiary of Fidelity Southern Corporation, has opened an account to support the Salvation Army Tsunami Relief Fund.
Lakeland Bancorp (Oak Ridge, N.J., $2.1 billion in assets), holding company for Lakeland Bank and Newton Trust Company, will act as a depository for the American Red Cross International Response Fund.
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