Press Releases

FOR IMMEDIATE RELEASE
Elise Brooks, (202) 589-2427

 

Financial Services Contribute Largely Across America
Complete 301,930 Community Service Projects in 2010

Washington, D.C.—February 24, 2011—The Financial Services Roundtable’s Community Service 2010 initiative today announced that 69 Roundtable member companies completed 301,930 community service projects across the country in 2010 with the support of 465,261 volunteers. Of these community service projects, 28,600 were financial education-based. Approximately 7.5 million consumers were helped through the financial services industry’s community service efforts.

“Since last year, Roundtable member companies have more than tripled their support in their communities,” said Steve Bartlett, President and CEO for the Roundtable. “In the area of financial literacy, our companies are putting much needed resources to work in American school systems and through nationally recognized partnerships. Our role is to be good corporate citizens.”

Among the 69 Roundtable member companies reporting, the following completed the most community service projects in 2010:

• Wells Fargo & Company: 167,562
• BBVA Compass: 15,426
• SunTrust Banks, Inc.: 14,526
• Nationwide: 9,995
• First Horizon National Corporation: 9,992

Of further note, TD Bank provided the largest number of financial education projects in 2010, totaling 4,674; BB&T served the most individuals with over 2.9 million reported; and Wells Fargo also provided the most volunteers with over 163,000 reported.

Leadership for these companies shared why they continue to heavily invest in their communities.

“We expect our team members to be leaders in our communities. Each year, thousands of Wells Fargo team members share their time and talents helping their neighborhoods and communities succeed,” said John Stumpf, chairman, president and CEO of Wells Fargo. “Our company is committed to using our financial expertise and resources, working closely with nonprofits and other stakeholders, to create long-term economic growth and quality of life for everyone in the communities we serve.”
“At BBVA Compass, our vision is to work for a better future for people,” said Manolo Sanchez, BBVA U.S. country manager and president and CEO of BBVA Compass. “This vision is built off a deep understanding of the relationship we must have with our clients as well as the communities across our footprint. Just as we endeavor to serve our clients well, we also work hard give back to the communities where we are privileged to operate.”
“Every day, our teammates fulfill our mission to help people and institutions prosper,” said James M. Wells III, chairman and CEO of SunTrust Banks, Inc.  “Our Solid Gives Back program is our company-wide effort in support of our mission, giving our teammates the support they need to give back in their communities.  We are proud of all that our SunTrust teammates do.”

“We support our employees when they volunteer because we believe in investing in the communities that make our success possible,” said Bryan Jordan, CEO of First Horizon National Corp.  “We have a great team of volunteers who are passionate about the issues they’re helping to address in their local communities.  Great people build great communities, and great communities allow great financial services companies to thrive.  That’s why we see volunteerism as an important part of our community investment.” 

For more information please visit www.financialcommunityservice.org.

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer.  Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

Roundtable member companies provide fuel for America's economic engine, accounting directly for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.