Bank of America and Wachovia to Simultaneously Raise Funds for Charity
Banking on a Cure Challenge will raise money for multiple sclerosis
CHARLOTTE, N.C. -- March 27, 2008 --The region’s two largest banking institutions came together today to celebrate their collective efforts in the fight against multiple sclerosis (MS) and kicked off a healthy competition for charity, all as part of an effort to raise awareness and funds for people living with multiple sclerosis.
At an event in Founders Hall, Bank of America Charlotte and North Carolina president Charles Bowman and Wachovia Charlotte market president Carlos Migoya kicked off the Banking on a Cure Challenge and publicly recognized their employees for their ongoing involvement with the National Multiple Sclerosis Society, Mid-Atlantic Chapter, while encouraging teams to continue to raise money to help fund multiple sclerosis research and programs. Both men are also avid cyclists and have participated in the Chapter’s annual BikeMS Ride, a 2 day, 150 mile ride across South Carolina.
“Two of our nation’s largest banks have had, and continue to have, an undeniable impact on multiple sclerosis every single year,” said Matt Honeycutt, Vice President of Development for the National MS Society, Mid-Atlantic Chapter. “Bank of America and Wachovia are remarkably important powerhouses in the search for a cure for this disease. We appreciate what these companies and their employees do each year to assist us in our quest to find a cure.”
Bank of America and Wachovia both field teams for Walk MS and Bike MS events at the local and national levels. In 2007, the two institutions supported 322 team members that participated in the National Multiple Sclerosis Society, Mid-Atlantic Chapter’s Walk, Challenge Walk, and Bike MS events.
As part of the Challenge, the crystal trophy from Tiffany & Co. that will reside with the winning financial institution of the Banking on a Cure Challenge each year was on display. The prestigious award will be bestowed upon the bank with the highest participation and fundraising performance at Walk MS and Bike MS events annually, and presented at the National MS Society’s annual meeting November 1, 2008. Employees from both Wachovia and Bank of America teams as well as National MS Society volunteers and employees were on hand to witness the kickoff.
The Mid-Atlantic Chapter serves people in 33 counties of western North Carolina and the entire state of South Carolina. Employees at the two banks raised a combined total of over $250,000 in 2007 and donated thousands of volunteer hours from hundreds of volunteers. Cyclists from Bank of America and Wachovia teams represent one out of every ten cyclists that participate annually in Bike MS with the chapter