Nonprofit which supports victims of family violence will use funds to rebuild shelter damaged by severe winter storms
Dallas, TX – Today, East West Bank, one of the 25 largest publicly traded commercial banks in the U.S., which operates 13 locations in the Texas/Southwest Region, presented a $10,000 contribution to The Family Place, a non-profit organization that provides safe housing, counseling, and other critical services to victims of family violence. The contribution will go to support families and children impacted by the recent winter storm that caused destruction and emotional distress across the state of Texas.
During the winter storm, The Family Place facilities endured extraordinary damage, displacing a significant number of victims across a broad range of locations, making it very challenging and costly to protect those families while serving their daily needs. The contribution from East West Bank will help bridge the financial gap created by the storms while the facilities are being repaired and reopened.
“The Family Place is extremely grateful for East West Bank’s support. During the Covid-19 crisis and Winter Storm Uri, we have remained open to provide services to families in great need,” said Melissa Sherrill, Vice President of Development, The Family Place. “Close quarters and financial difficulties combine to inflame domestic violence situations, but because of East West Bank’s help, we are here to continue to support our clients and provide safety.”
“Following a storm of unprecedented impact, our goal was to help organizations that are helping people get back on their feet, in the communities where we live and work,” said Mike Burr, Managing Director and Head of Head of Texas Market for East West Bank. “The storm was another hardship for people who were already dealing with the health and economic impacts of the COVID-19 pandemic.”
This contribution to The Family Place is one of several contributions across Texas that the Bank is making to support recovery efforts in communities of color, which have been disproportionately impacted by the severe weather crisis. The Bank also contributed $5,000 to the Salvation Army of North Texas whose Disaster Relief Program is helping North Texans with shelter, food assistance, emergency family assistance, and much more. Additionally, in the Houston area, East West Bank is donating $10,000 to the Houston Food Bank and $5,000 to Target Hunger to support their efforts to provide food to vulnerable children, families, and seniors.
East West Bancorp, Inc. is a publicly owned company with total assets of $52 billion and is traded on the Nasdaq Global Select Market under the symbol “EWBC.” The Company’s wholly-owned subsidiary, East West Bank, provides commercial and consumer banking services that help clients reach further and connect to new opportunities. East West combines the resources of a large global institution with relationship bankers who understand the growth dynamics and unique needs of Texas businesses. To build strong and vibrant communities, the bank invests in programs that further small business, affordable housing, and diversity initiatives. For more information visit www.eastwestbank.com.
