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Tom Hanks calls fundraiser blackface video 'hideously offensive'

Andrew D. Bernstein / NHLI via Getty Images

UPDATED 11:15 a.m. ET: Fallout from a 2004 fundraising auction emceed by Tom Hanks continued Wednesday, as James Montgomery, the investment banker caught wearing blackface at the school event, apologized Wednesday for his costume.

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

The video shows Montgomery wearing African tribal wear and carrying a stuffed gorilla.

Montgomery, who is CEO of the Santa Monica-based Montgomery & Co., said he did not intend to cause offense.

"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," Montgomery added. "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."

ORIGINAL STORY: Tom Hanks responded to a controversial video that emerged Tuesday showing the actor hosting a fundraising auction that featured a white man in blackface, labeling the incident "hideously offensive."

Hanks acknowledged that he emceed the annual fundraising event for St. Matthew's Parish School, the Pacific Palisades school his children attended, but said the incident was regrettable.

"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," Hanks said in a statement to TheWrap. "What is usually a night of food and drink for a good cause was, regrettably, marred by an appalling few moments."

The video came to light in a report on the Daily Caller. Eagles member Glenn Frey co-hosted the event, but the man in blackface was identified by the publication as investment banker James Montgomery, CEO of Montgomery & Company.

In the video he is outfitted in African tribal wear and is holding a stuffed gorilla.

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

The fundraiser was reportedly centered on a "Castaway" theme -- a reference to the 2000 hit film starring Hanks.

The Daily Caller was co-founded by political analyst Tucker Carlson and launched in 2010.

(Note: The video below features a scene from the event, and may be offensive to readers.)

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