TowneBank Provides $200,000 in Grants for Florence Relief

TowneBank, which has banking, insurance, mortgage and other operations from the Outer Banks to Charlotte, North Carolina, has provided $200,000 in emergency assistance to three key entities working to help residents impacted by Tropical Storm Florence.

They are:

• North Carolina Governor’s Relief Fund ($100,000)
• American Red Cross – Eastern North Carolina Chapter ($50,000)
• Food Bank of Central and Eastern North Carolina ($50,000)

“We are fortunate that our company is able to quickly respond with funding to these three organizations,” says James Clement, Jr., President of Towne Insurance in Central North Carolina. “Our goal is to help our clients, their friends and other citizens in need in our state. Unfortunately, many in this part of the state have been through this before. I am very proud that we can step up to assist.” Towne Insurance, as well as TowneBank Mortgage, has offices in Wilmington, one of the hardest hit cities in the Tar Heel State, as well as Greenville, Raleigh and Kitty Hawk.

Paragon Bank, a division of TowneBank, has offices in Charlotte, Raleigh and Cary. “This storm has really hit North Carolina particularly hard,” says Robert C. Hatley, CEO of Paragon Bank. “We have clients who are dealing with flooding, damaged property, loss of sales and physical injury. We selected the Governor’s Relief Fund, the Red Cross and the Food Banks for these grants because they are highly capable of getting help to the most people in the most expeditious manner.”