BofA Directs $250,000 to American Red Cross to Support Fire Recovery

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Bank of America (NYSE: BAC) announced it is directing $250,000 in philanthropic capital to the American Red Cross to support relief and recovery efforts for wildfires across the Pacific Northwest and neighboring western mountain states, including the Spokane, WA area.

According to Bank of America, the funding will help provide emergency shelter, meals, supplies and other critical assistance. The company is also matching employee donations to eligible disaster-relief nonprofits, offering Employee Assistance Program support to affected staff, and keeping all Spokane-area financial centers open during the wildfire response.

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Funding will help provide emergency shelter, meals and recovery support for families and communities impacted by the Spokane Area and Other Western Wildfires

Key points

• Bank of America is directing $250,000 to the American Red Cross to support relief and recovery efforts following the wildfires across the Pacific Northwest and western mountain states, including in and around Spokane, WA.
• Funding will help provide emergency shelter, meals, supplies and other critical assistance to individuals and families affected by the wildfires.
• Bank of America is matching employee donations to eligible nonprofits providing disaster relief assistance.
• The company will also provide support to employees impacted by the fires through its Employee Assistance Program.
• All Bank of America financial centers in the Spokane market remain open and serving clients during the wildfire response.

SPOKANE, Wash., Aug. 18, 2026 /PRNewswire/ -- Bank of America today announced it will direct $250,000 in philanthropic capital to the American Red Cross to help families, businesses, and communities affected by the devastating wildfires across the Pacific Northwest, including in and around Spokane, WA, and the neighboring mountain states. This funding will help the American Red Cross provide emergency shelter, meals, supplies, and other critical assistance to those impacted by the fires across Washington, Colorado, Nevada, Oregon and Utah.  

"The loss and destruction caused by these wildfires is heartbreaking," said Lauren Murray, Spokane and Boise market president. "Recovery will take time, and the impacts of these fires will be felt long after the flames are extinguished. Our thoughts are with the brave first responders and everyone affected as communities begin the process of rebuilding and healing."

"Bank of America's generosity helps Red Cross act quickly to support families impacted by disasters at a moment's notice," said Anne McKeough, chief development officer at the American Red Cross. "As disasters like these wildfires become more frequent and intense, the Red Cross continues to count on extraordinary donors like Bank of America to help deliver hope and comfort to people and communities in times of great need."

Bank of America is also matching employee donations dollar for dollar that go to nonprofits providing disaster relief. BofA has more than 2,000 employees statewide, including 330 who work and live in the greater Spokane region, and will additionally provide support to employees impacted by the fires through its Employee Assistance Program.

Bank of America, which opened its first bank branch in Spokane nearly 70 years ago, continues to operate all of its financial centers during the wildfires.

Frequently asked questions
Question: What is Bank of America announcing?

Answer: Bank of America is directing $250,000 in philanthropic capital to the American Red Cross to support emergency relief and long-term recovery efforts for individuals, families and communities affected by the various wildfires across the Pacific Northwest and neighboring mountain regions. The funding will help provide shelter, meals, supplies and other critical assistance.

Question: How is Bank of America supporting employees and clients impacted by the wildfires?

Answer: In addition to matching employee donations that support disaster relief organizations, Bank of America is providing assistance to affected employees through its Employee Assistance Program. The company also continues to operate all of its financial centers in the Spokane market to help meet clients' banking needs during the response and recovery period.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

Colleen Haggerty, Bank of America 
Phone: 1.213.718.2156
colleen.haggerty@bofa.com

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SOURCE Bank of America Corporation

FAQ

What did Bank of America (BAC) announce on August 18, 2026 about wildfire relief funding?

Bank of America announced a $250,000 philanthropic contribution to the American Red Cross for wildfire relief and recovery. According to Bank of America, this funding supports shelter, meals, supplies and other critical assistance for individuals, families and communities impacted across the Pacific Northwest and neighboring mountain states.

How will the $250,000 Bank of America (BAC) donation to the American Red Cross be used?

The $250,000 will help fund emergency shelter, meals, supplies and other critical assistance for wildfire-impacted communities. According to Bank of America, the Red Cross will support affected people across Washington, Colorado, Nevada, Oregon and Utah during relief and longer-term recovery efforts.

How is Bank of America (BAC) supporting employees affected by the Spokane and Western wildfires?

Bank of America is providing assistance through its Employee Assistance Program for staff impacted by the fires. According to Bank of America, it is also matching employee donations to disaster-relief nonprofits, enhancing financial support for communities while maintaining open financial centers in the Spokane market.

Is Bank of America (BAC) matching employee donations for wildfire disaster relief?

Yes, Bank of America is matching employee donations dollar for dollar to eligible nonprofits providing disaster relief. According to Bank of America, this match complements the $250,000 contribution to the American Red Cross and expands financial support for wildfire recovery in affected western states.

Are Bank of America (BAC) financial centers in Spokane open during the wildfire response?

Yes, all Bank of America financial centers in the Spokane market remain open during the wildfire response. According to Bank of America, continued operations help meet clients’ banking needs while communities manage emergency conditions and begin longer-term recovery from the regional wildfires.