HOUSTON, May 13, 2020 /PRNewswire/ -- BBVA
USA announced today it
awarded $600,000 to Feeding America®,
a nationwide network of food banks. The organization will
distribute funds to food banks across the bank's geographic
footprint.
BBVA is a Feeding America Mission Partner, supporting the
organization's focus on hunger relief. Through this partnership,
BBVA works to help reduce food insecurity, including during the
current global pandemic.
"Food insecurity has become an increasing area of concern with
limited access, supply chain issues and increasing unemployment
numbers. Food banks across the country have been stretched thin,"
said BBVA USA President and CEO
Javier Rodriguez Soler. "BBVA's
support of food banks across our footprint, through our partnership
with Feeding America, is part of the bank's rapid relief efforts to
provide support where it is needed most in the communities we
serve."
As a nationwide network of 200 local food banks and 60,000
feeding programs that provides meals to more than 40 million people
each year, Feeding America reaches into every county in the
country. The expansive reach makes the network exceptionally
well-positioned to support robust, multi-faceted partnerships.
"Feeding America food banks are working tirelessly to meet the
increased needs of our neighbors who face hunger," said
Laura Biedron, Vice President of
Corporate Partnerships at Feeding America. "The Feeding America
network of food banks, pantries and meal programs serve virtually
every community in the United
States, and it's through partnerships like ours with BBVA
that these programs are possible."
The bank's award to Feeding America is the most recent among a
number of initiatives in support of local communities in response
to the pandemic, including:
- 1:1 Matching Campaign through the BBVA Compassion Fund,
which supports impacted employees through contributions from other
employees and BBVA USA
dollar-for-dollar matching
- Virtual volunteer efforts, which will include attendance
in partners' virtual board meetings, instructing online financial
education classes, and mentorship through digital channels. Local
BBVA employee volunteer chapters will be reaching out to partners
to identify remote volunteer opportunities that can be performed
during the duration of the pandemic.
- Virtual workshops through the Center for Financial
Education, an initiative to improve financial health and
capabilities.
- Public health support, working to procure $500,000 in essential materials and other public
health support for nonprofit partners, including gloves, hand
sanitizer and N95 masks.
BBVA Group earlier announced its commitment of €25 million
to combat the coronavirus outbreak, helping health authorities and
social organizations and fostering scientific research in countries
where it operates.
In addition to community support, BBVA USA is providing assistance across its
footprint to those who have been negatively impacted by the
COVID-19 outbreak, including special offers for consumers and small
businesses, and specialized benefits for employees.
"We have teams across our footprint -- and around the world --
who are putting their strengths, skills and talents to work to
mitigate the economic and social impact of this outbreak,"
Rodriguez Soler said. "I'm proud of
the work we've been able to accomplish as a team during such a
challenging time, working side by side with our non-profit partners
and community leaders. We look forward to continuing that
commitment as we navigate the health crisis and its aftermath."
For more BBVA news visit, www.bbva.com and the U.S.
Newsroom.
Additional news updates can be found via Twitter and
Instagram.
For more financial information about BBVA in the U.S., visit
bbva.investorroom.com.
About BBVA
BBVA Group
BBVA (NYSE: BBVA) is a customer-centric global financial services
group founded in 1857. The Group has a strong leadership position
in the Spanish market, is the largest financial institution in
Mexico, and has leading franchises
in South America and the Sunbelt
Region of the United States. It is
also the leading shareholder in Turkey's Garanti BBVA. BBVA's purpose is to
bring the age of opportunities to customers by providing the best
solutions and helping them make the best financial decisions
through an easy and convenient experience. The institution's
responsible banking model aspires to achieve a more inclusive and
sustainable society. BBVA rests on three solid values: customer
comes first, we think big and we are one team.
BBVA USA
In the U.S., BBVA is a Sunbelt-based financial institution that
operates 641 branches, including 330 in Texas, 89 in Alabama, 63 in Arizona, 61 in California, 44 in Florida, 37 in Colorado and 17 in New Mexico. The bank ranks among the top 25
largest U.S. commercial banks based on deposit market share and
ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (6th). In the U.S., BBVA has been
recognized as one of the leading small business lenders by the
Small Business Administration (SBA) and ranked 14th nationally in
terms of dollar volume of SBA loans originated in fiscal year
2019.
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SOURCE BBVA USA