Bank of America announced on August 18, 2026, that it is directing $250,000 in philanthropic capital to the American Red Cross to support recovery efforts following devastating wildfires across the Pacific Northwest and neighboring mountain states. The donation aims to assist families, businesses, and communities in Washington, Colorado, Nevada, Oregon, and Utah.

The funding will enable the American Red Cross to provide critical assistance, including emergency shelter, meals, and supplies to individuals affected by the fires. This support comes as the bank continues to operate all its financial centers in the Spokane market, ensuring clients have access to banking services during the response period.

Support for Employees and Community

In addition to the corporate donation, Bank of America is matching employee donations dollar-for-dollar to eligible nonprofits providing disaster relief assistance. The company employs more than 2,000 people statewide, with 330 employees working and living in the greater Spokane region.

Affected employees will receive support through the bank’s Employee Assistance Program. Lauren Murray, Spokane and Boise market president, noted that the loss caused by the wildfires is heartbreaking and emphasized that recovery will take time.

Operational Continuity

Bank of America, which opened its first branch in Spokane nearly 70 years ago, confirmed that all its financial centers in the area remain open. The bank stated it is committed to serving clients’ banking needs throughout the response and recovery phase.

Anne McKeough, chief development officer at the American Red Cross, highlighted that such generosity allows the organization to act quickly to support families impacted by disasters.

Bank Of America Corp reported a credit card delinquency rate of 1.26% as of July end, alongside a charge-off rate of 2.11% for the same period, according to an SEC filing.

The disclosure highlights the bank's credit quality metrics for its unsecured lending portfolio during the month. The charge-off rate, which reflects loans deemed unlikely to be recovered, remained above the delinquency rate, indicating the progression of distressed accounts.

Key Metrics

The filing did not provide comparative data from prior periods to establish a trend or year-over-year change in these figures. The rates serve as standalone indicators of credit performance for the specified timeframe.