PRA Group Donates 394 Turkeys to Hampton Roads Organizations

In celebration of the spirit of Thanksgiving, PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, continued its annual tradition of donating turkeys to local charitable organizations and hosting a turkey giveaway for all US-based employees.

Shortly after the company’s founding in 1996, co-founders Steve Fredrickson and Kevin Stevenson began gifting turkeys and wine to employees ahead of the Thanksgiving holiday. Now, though the company has grown by thousands of employees, it continues the tradition of gifting one full size frozen turkey, along with a bottle of wine or cider, to each employee located within the United States. As in past years, the company will also donate 394 turkeys to the Foodbank of Southeastern Virginia and the Eastern Shore, the Judeo-Christian Outreach Center, River Oak Church, and Union Mission Ministries.

“This is a season of giving thanks and it is important that our employees feel valued and appreciated,” said Kevin Stevenson, president and chief executive officer.  “We’ve kept up this tradition for 23 years and we know this time of year isn’t easy for everyone so I hope our donations can help families in need in the Hampton Roads area.”

Since PRA Group opened its doors in 1996, the company has earned dozens of awards for its company culture and growth, community involvement, and philanthropic giving.  This year, PRA Group received Coastal Virginia magazine’s Community Impact Award, Inside Business’s Roaring 20s award for one of the most dynamic businesses in Hampton Roads, and has been designated an Outstanding Corporation from the Association of Fundraising Professionals Hampton Roads Chapter.