Insights

Bank of Texas Donates $100,000 to Get Shift Done for Houston

Helping keep service workers employed and food on tables in Houston

Angelia Williams | May 6, 2020

Houston Food Bank truck

Houston, TX, May 5, 2020 – COVID-19 has increased the demand for food assistance exponentially and the Houston community is seeing people who have never sought food assistance before. Add to that the many hospitality workers who have been laid off or furloughed, and ‘stay at home’ guidance is impacting volunteerism for local nonprofits.

A new solution is happening here in in our community with Get Shift Done for Houston, an initiative that connects hospitality workers with local nonprofits to serve and provide hunger relief to communities in need. This effort is funded by the Greater Houston COVID-19 Recovery Fund, and led by the by the Greater Houston Community Foundation and United Way of Greater Houston.

Bank of Texas wants to provide much-needed support and is contributing $100,000 to the Greater Houston COVID-19 Recovery Fund in direct support of Get Shift Done. “We know that uncertainty around food is a concern for citizens in the Houston area.” said Randy Walker, Houston Market CEO of Bank of Texas, “Get Shift Done for Houston is assisting three critical needs in our communities by stabilizing income, providing hunger relief and assisting our nonprofit organizations. We’re proud to support this amazing effort here.”

Brian Greene, president/CEO of Houston Food Bank, said. “The Boston Consulting Group and Opex Analytics have helped analyze many data points, including the ALICE (Asset Limited, Income Constrained, Employed) data from a United Way study, and determined that we are experiencing a 130%-150% increase in demand over the 1.1 million food-insecure people we typically serve. Food insecurity is defined as being without reliable access to a sufficient quantity of affordable, nutritious food. In response, our daily distribution has increased by 150%-200%, distributing 750,000 to 1 million pounds of food per day. We do not see this diminishing greatly any time soon.”

BOK Financial Corporation (BOKF), parent company of Bank of Texas, announced recently that it will contribute $1 million as part of its efforts in support of COVID-19 relief across it’s 8-state footprint. The company will direct donations to programs addressing food insecurity and re-employment of laid off and furloughed restaurant and hospitality workers. The Bank of Texas $100,000 contribution is the centerpiece of the company’s COVID-19 response which also includes assistance for its clients and employees.

The bank has implemented a number of ways to continue to serve clients while keeping employees safe as well as offering assistance to individuals, mortgage customers and commercial clients. Financial relief is being offered through temporary changes to fees related to excessive withdrawals, overdraft protection fees and late fees.

In addition, Bank of Texas employees have been working diligently to serve business client needs including processing Paycheck Protection Program (PPP) applications. This historic event created heroic efforts by bankers to put clients first and ensure they have access to important resources.

“I am so proud of our team and the effort they put in to get these funds to the businesses who desperately need the help right now,” John Castellano, SVP and Corporate Banking Manager said. “Supporting our community and giving back in a time of need is something Bank of Texas takes to heart. We feel OUR success is based on the success of the communities we live and work in.”

These efforts, coupled with the humanitarian efforts of many other companies in the Houston area, showcase the community spirit that Houstonians are very familiar with.

“We are proud to collaborate with other visionary leaders to bring this initiative to Houston,” said Stephen Maislin, president and CEO of Greater Houston Community Foundation. “We continue to be amazed by the spirit of our community and the willingness to come together to make a difference for those most impacted by the economic and health devastation we are all experiencing. We are proud to stand together as one community.”

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About BOK Financial

BOK Financial Corporation is a more than $40 billion regional financial services company headquartered in Tulsa, Oklahoma with more than $80 billion in assets under management and administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, and BOK Financial Insurance, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial (in Arizona, Arkansas, Colorado, Kansas and Missouri); as well as having limited purpose offices Nebraska, Milwaukee and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.