"As a country, we are resilient, and I know we will get through this," says City National Bank CEO Kelly Coffey.
LAS VEGAS — City National Bank announced recently it will donate $2 million to help communities, clients and colleagues in need due to the COVID-19 pandemic.
“In this time of crisis, we must
all work together to support our communities, colleagues and clients as they
face the challenges of the global pandemic,” City National Bank CEO Kelly
Coffey said in a statement. “Our donations are in addition to the work we are
doing with our clients to support them through this crisis. As a country, we
are resilient, and I know we will get through this.”
According to a press release, the $2 million will be used for programs serving the immediate needs of those most affected by the pandemic across several states the bank serves (including Nevada), in addition to the United Way in eight communities and across other endeavors.
A portion of the funds will go
toward the creation of the City National Bank Colleague Relief Fund, which will
“provide assistance for City National colleagues facing severe financial
hardships” due to the pandemic, according to the bank.
“It is only fitting during this
unprecedented time that City National Bank steps up to uphold our proud 66-year
tradition of supporting our colleagues and clients in need and so many
worthwhile organizations in the communities where we live and work,” said
City National Chairman Russell
Goldsmith said it marks the bank's “single largest donation ever” in order to
help healthcare providers fight the virus and to address humanitarian needs.
The bank's parent company, Royal
Bank of Canada (RBC), previously announced an initial $2 million donation to
support communities dealing with the repercussions of the global health
challenges posed by COVID-19.
Donations will be used for
programs serving at-risk populations, addressing food insecurity, scaling
mental well-being support access as well as providing other necessary services
that are vital during challenging times like these.
Go to cnb.com/covid-19-preparedness.html to learn more.