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Hurricane Harvey relief fund initiated

The Aug. 29 OBA Update carried a report about a joint effort by the Texas Bankers Association and the Independent Bankers Association of Texas to help raise money for the Houston flood. The two banker advocacy groups expressed their heart-felt angst, thoughts and prayers for those communities that have been devastated by the recent hurricane.

TBA and IBAT were joined by the Independent Community Bankers of America and the American Bankers Association in an effort to work together and raise money to help the residents and communities recover from the unbelievable damage that's occurred to Houston and the surrounding areas. It's just beyond description.

The groups acknowledged it will take some time to even be able to assess the damage in a meaningful way, and to understand the limits of flood insurance.

"There are a lot of folks who don't understand how flood insurance works," OBA President and CEO Roger Beverage said. "Regrettably, they blame the 'banks' and that's producing additional negative news about the banking industry. We're going to have to deal with that issue as well as people's mounting frustrations in the wake of this massive disaster."

OBA Chairman Guy Sims today directed the OBA ask our member banks to help the residents and communities recover from the extensive damage caused by Harvey.

"What we're asking member banks to consider doing is to make a tax-deductible contribution to our OBA Foundation, and after we gather funds we'll forward the total amount to this joint TBA/IBAT/ICBA/ABA effort," Beverage said. "I'm so very glad that, for once, the various banker trade groups chose to work together in an effort to produce a positive result. I hope all member banks will join the OBA in making a contribution to this effort."

Checks should be made payable to the Oklahoma Bankers Foundation to meet the requirements for deductibility.

Checks should be mailed to:

Oklahoma Bankers Foundation
P.O. Box 960173
Oklahoma City, OK 73196-0173

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