JPMorgan Chase is giving $1 million to two anti-hate groups to help mend the nation’s rifts after the violence in Charlottesville, Va.
The money will be split between the Southern Poverty Law Center and the Anti-Defamation League, according to a Monday memo from Peter Scher, the New York-based bank’s head of corporate responsibility. The bank will also start a new program to match employee donations to human rights organizations for as much as an additional $1 million.
“The events in Charlottesville have increased the urgency to confront hate, intolerance and discrimination wherever it exists,” Scher said in the memo. “The JPMorgan Chase community stands in support of all of those who reject racism and violence, and we must strive to create positive change from these dark events.”
Signage is displayed at a JPMorgan Chase & Co. bank branch in Chicago, Illinois, U.S., on Saturday, April 9, 2016. JPMorgan Chase & Co. is scheduled to report quarterly earnings figures on April 13. Photographer: Christopher Dilts/Bloomberg
The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.