AUSTIN, Texas—The Independent Bankers Association of Texas (IBAT) and the Texas Bankers Association (TBA) joined together to establish the Texas Bankers Disaster Relief Fund following the devastating fertilizer plant explosion in West, Texas. The donations collected through this fund will be presented to West’s POINTWEST Bank and The State National Bank on Friday, May 31, at 10 a.m. during a ceremony held at POINTWEST BANK.
Chris Williston, president and chief executive officer of IBAT, and Eric Sandberg, president and chief executive officer of TBA, will present the relief fund check to Charles Nemec, president and chief executive officer of POINTWEST Bank, and Dalbert Thiele, president of The State National Bank. These local banks are playing a key role in helping the community, including their impacted employees, rebuild and recover.
IBAT and TBA kicked off the relief fund by contributing $1,000 each. Thanks to generous donations from bankers throughout Texas, more than $143,500 in relief donations was raised. The fund will be used to provide assistance with “unfunded needs”—anything not covered by insurance or government assistance—in the West community. The purpose of these funds, which will be coordinated and led by the two local banks, is to help the community recover and move past this tragic incident.
The Texas Bankers Foundation coordinated donations, and 100 percent of every dollar collected went directly into the fund to now be used for local relief efforts.
About the Independent Bankers Association of Texas
IBAT is the largest state community banking organization in the nation with a membership of more than 2,000 banks and branches in 700 Texas communities.
About the Texas Bankers Association
TBA represents the Texas banking industry—with members ranging from the smallest bank in the nation to the largest bank in the nation. This includes 85 percent of Texas banks, 5,200 bank branches and 95 percent of Texas deposits.