88.8 F
Fort Worth
Wednesday, September 30, 2020
- Advertisements -
Banking Wells Fargo donates $1.8 million to more than 80 local nonprofits in...

Wells Fargo donates $1.8 million to more than 80 local nonprofits in DFW

Other News

Wells Fargo launches $400 million small business recovery effort

Following an April 2020 industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells...

Wells Fargo takes 1Q earnings, revenue hit from virus

NEW YORK (AP) — Wells Fargo's profits plunged nearly 90% in the first quarter as the bank had to set aside billion...

As part of Wells Fargo’s commitment to accelerate local giving due to the impact of COVID-19, the bank has donated through the Wells Fargo Foundation more than $1.8 million to over 80 nonprofits to support their community response efforts to COVID-19 throughout the Dallas-Fort Worth area, according to a representative.

The funding is already helping deliver critical local relief, as well as addressing the bank’s philanthropic focus areas in housing affordability ($445,000), small business growth ($195,000), and financial health ($347,500).
Among the local nonprofits in that align with Wells Fargo’s COVID-19 relief focus areas are:

Financial Health
Family Pathfinders of Tarrant County, Jewish Family Resources and On the Road Lending
Housing Affordability
Builders of Hope CDC, Development Corporation of Tarrant County and Housing Opportunities of Fort Worth
Small Business Growth
BCL of Texas, Dreamspring and Peoplefund
Wells Fargo said the grants have focused on meeting urgent basic community needs, providing support for small businesses, and housing stability for the area’s most vulnerable populations.
– FWBP Staff

- Advertisements -
- Advertisements -

Latest News

Hope Farm dedicates vocational center

Fort Worth’s HOPE Farm dedicated a new vocational center Sept. 29, launching a program to bring economic and career opportunities to fatherless...

Southside Bancshares rings NASDAQ bell

Southside Bancshares Inc. (Nasdaq: SBSI), the holding company of Southside Bank, rang the Nasdaq Opening Bell on Sept. 28, 2020 from 8:15...

$1.2B bank acquisition impacts North Texas market

First Mid Bancshares Inc. (NASDAQ: FMBH) and LINCO Bancshares Inc. announced Sept. 28 that First Mid will acquire LINCO, the holding company...

NBC Oklahoma names new vice chairman with Fort Worth roots

NBC Oklahoma has named a new vice chairman, Gabe Gilliam. Gilliam has served on the Holding Company Board for NBC Oklahoma for...

Insider Q&A: Accenture directs capital to Black start-ups

By ALEXANDRA OLSON AP Business WriterNEW YORK (AP) —Kathryn Ross was one of just two Black women in Accenture's Miami office when...