Video: Tom Hanks Apologizes for Banker's Black Face Routine

| by Michael Allen

Actor Tom Hanks and investment banker James Montgomery have both apologized for a 2004 fundraising auction, in which Montgomery wore black face and Hanks hosted.

A video (below) of the event, shot at St. Matthew's Parish School in Pacific Palisades, California, shows Montgomery wearing an African tribal costume and carrying a stuffed gorilla

Montgomery, the CEO of the Santa Monica-based Montgomery & Co, told TheWrap.com: "Each of us does and says things at one point or another in our lives we regret. The costume I wore to the 2004 Fundraiser was one such thing for me."

"While I can understand that some people may have read something other than what was intended into my wearing that costume to a costume party, as anyone who knows me would attest, that is not consistent with my beliefs nor is it with who I am.

"I am sick about the false impression it gave. All I can do now is to do what I did then and apologize for any offense I may have caused."

At one point in the video, Tom Hanks jokes: "Ladies and gentlemen, a celebrity in our midst. Who would have thought that Bill O'Reilly would join us?"

Hanks also apologized in a statement to TheWrap.com: "In 2004, I was blindsided when one of the parents got up on the stage in a costume that was hideously offensive then and is hideously offensive now. What is usually a night of food and drink for a good cause was, regrettably, marred by an appalling few moments."

Eagles member Glenn Frey co-hosted the event, but has not made an apology or a statement.