Thursday, May 28, 2020

Financial institutions pool resources to purchase masks for frontline workers

Bank of Idaho CEO Jeff Newgard
In a demonstration of community solidarity, three eastern Idaho financial institutions have teamed up to buy protective masks for medical workers and other people on the front lines in the fight against the COVID-19 pandemic.

Bank of Idaho, Bank of Commerce and Teton Wealth Management on May 20 distributed masks to Idaho Falls Community Hospital, Development Workshop, and 10 other non-profit organizations.

Jeff Newgard, Bank of Idaho's CEO and president, had the idea of pulling together financial management firms and community banks to pool resources and purchase a significant number of masks. Teaming up would mean more buying power and more masks for the community, he said. Newgard asked Tom Romrell, Bank of Commerce's president and CEO, and Jacob Murray of Teton Wealth Management, and they readily agreed.

“Now is an incredible opportunity to lead in the spirit of kindness and generosity,” Newgard said. “I appreciate Mr. Tom Romrell and Mr. Jake Murray for coming together and really focusing on what matters.”

Casey Jackman, chief operations officer at IFCH, said the donations were much appreciated. “These masks will go far in our mission of keeping our front-line workers, patients and visitors safe. Thank you so much for thinking of us and caring for our community,” he said.

McKayla Matlock, Development Workshop's CEO, was equally appreciative. "Safety takes every person, and with the importance of keeping safe these community partnerships have made a real difference for us.”

In addition to mask, Bank of Idaho’s Community Commitment Fund has allocated more than $44,000 of the $60,000 it has collected to emergency non-profit needs within the community. The Bank of Commerce gives to over 300 non-profit organizations each year, averaging over $160,000 per year over the past three years.

If your organization is in need of medical masks or funding, contact Bank of Idaho's director of marketing, Tyler Kraupp at 208-524-5500 or email at tylerkraupp@bankofidaho.net or Holly Gyles, Bank of Commerce's director of marketing at holly.gyles@bankofcommerce.org or at 208-525-9105