BofA Commits Over $1 Million to Support Texas Flood Recovery
Bank of America announced over $1 million in new funding to support flood recovery efforts in Central and South Texas, consisting of $1 million for LiftFund and $50,000 for the American Red Cross. This latest commitment brings the bank's total regional flood support to $3 million, building on a $2 million pledge made after the 2025 floods.
Key figures
- New funding usd
- 1000000
- Liftfund grant usd
- 1000000
- Red cross grant usd
- 50000
- Businesses supported
- more than 500
- Prior commitment usd
- 2000000
- Total regional support usd
- 3000000
- Liftfund capital deployment usd
- 800000
- Liftfund operational support usd
- 200000
AI analysis
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