#United States #Los Angeles #BMO #Wildfire Relief

BMO's Pledge to Support Los Angeles Wildfire Recovery

On January 17, 2025, BMO announced a substantial pledge of $3 million aimed at aiding community organizations in the Los Angeles area impacted by devastating wildfires. This financial commitment is a part of BMO's larger strategy to provide relief, support recovery efforts, and address emerging community needs as rebuilding begins.

Darrel Hackett, the CEO of BMO U.S., expressed his deep concern for the thousands affected by the wildfires, emphasizing the bravery of first responders who risked their lives to offer assistance. He stated, "The scale of this tragedy is overwhelming, and our thoughts remain with those impacted. This pledge reflects our deep commitment to the Southern California communities we serve."

As rebuilding efforts progress, BMO aims to work collaboratively with the affected communities, acknowledging the long and challenging road ahead. The initiative is poised not only to provide immediate relief but also to facilitate long-term recovery.

In addition to the recent pledge, BMO had already made a donation of $100,000 to two local organizations: the United Way LA (UWLA) Wildfire Response Fund and Direct Relief Wildfire Response, demonstrating the bank's sustained commitment to assisting those in need. Furthermore, BMO maintains its annual support of the American Red Cross Emergency Relief Fund.

On the same day of the announcement, BMO Stadium in Los Angeles was designated as a distribution site for essential supplies, including clothing and hygiene kits. This event was conducted in partnership with the American Red Cross and local professional sports teams, showing a strong community response to the crisis. Volunteers were on hand to distribute food and other necessities, showcasing a collaborative effort to support those impacted.

BMO's Purpose centers around fostering community resilience and encouraging employee giving and volunteerism. In 2023, the bank contributed over $84 million to numerous charities and non-profit organizations across North America, demonstrating its commitment to social impact. Over 62,000 hours were spent by BMO employees volunteering in local communities, and they contributed over $31 million in donations through an annual employee giving program.

As of October 31, 2024, BMO Financial Group ranks as the eighth-largest bank in North America, with total assets amounting to $1.41 trillion. The bank has dedicated over 200 years to serving its customers while striving to make a positive impact in business and society. BMO remains resolute in its mission to 'Boldly Grow the Good,' ultimately striving for a sustainable future and an inclusive economy.

For those interested in learning more about how BMO is supporting affected communities or seeking assistance, detailed information is available at BMO.com. The outreach not only serves to alleviate immediate hardships but also fosters a spirit of solidarity and support among the resilient community members of Los Angeles.