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Citigroup Inc (NYSE: C)
August 31, 2005
Citigroup Donates Up to $3 Million to American Red Cross Relief Efforts
Assistance for Citigroup Customers in Affected Areas
New York – Citigroup announced today that it would donate up to $3 million to the American Red Cross in support of its disaster relief efforts following Hurricane Katrina. In addition to a $1 million immediate donation, the Citigroup Foundation will match any eligible donation made by a Citigroup employee dollar for dollar to the American Red Cross to support its relief efforts up to $1 million for a potential total of $3 million.
In addition to these efforts, Citigroup is committed to working with affected customers to alleviate the temporary financial impact of this disaster through extension of grace periods, waiver of fees and other solutions as appropriate. Affected customers are encouraged to contact the customer service number on their statement.
"In the wake of this terrible tragedy, Citigroup is committed to helping the many communities affected recover and rebuild in the coming days and months," said Charles Prince, Chief Executive Officer of Citigroup. "Our employees have already begun to donate money in support of local needs, and our businesses are finding ways to help employees and customers cope in the aftermath of the disaster.”
Citigroup has over 1,000 employees in 173 offices and more than 3,300 independent Primerica Financial Services agents in the states of Louisiana, Mississippi and Alabama.
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Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex. Additional information may be found at www.citigroup.com.