Canadian Manufacturing

Canadian banks donate to flood relief efforts in B.C.

Customers affected by the emergency in B.C. are encouraged to contact their bank to discuss financial relief options.

November 19, 2021  by CM Staff

TORONTO — As British Columbia (B.C.) manages the devastating flooding and landslides resulting from extreme weather in the province, banks in Canada are helping those affected including collecting financial donations in bank branches for Canadian Red Cross relief efforts and making corporate donations directly to the Red Cross and other relief organizations.

The following banks are donating a combined $235,000 to the Red Cross to support immediate and ongoing relief efforts and long-term recovery in the affected regions of B.C.:

  • BMO
  • Canadian Western Bank
  • HSBC Bank Canada
  • National Bank
  • Scotiabank
  • Tangerine Bank
  • TD Bank Group

“The catastrophic flooding in B.C. caused by extreme weather has led to devastating consequences. Our thoughts are with those in the region and banks are there to support affected communities in their urgent time of need and as they begin to recover.” said Neil Parmenter, President and CEO, Canadian Bankers Association.

“The Canadian Red Cross appreciates the support of Canadian banks and their customers as we continue to work in support of communities affected by devastating flooding in British Columbia. Our teams are committed to helping provide emergency assistance and to addressing emerging needs in the coming days and weeks ahead.” said Conrad Sauvé, President and CEO, Canadian Red Cross.

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In addition to donations to the Red Cross, banks are donating a combined $150,000 to organizations aiding the affected communities:

  • BMO is donating to the B.C. Society for the Prevention of Cruelty to Animals.
  • CIBC and Simplii Financial are donating to the United Way British Columbia and the British Columbia Agriculture Council and accepting customer donations for these organizations online.
  • RBC is donating to the United Way British Columbia and Food Banks B.C.

Customers affected by the emergency in B.C. are encouraged to contact their bank to discuss financial relief options.