The past two years have been difficult for our economy and our country. We’re working hard to fulfill our responsibility to the financial health of families, businesses, and communities. Explore this site and learn more about what we’re doing to give momentum to the nation’s recovery.
CHARLOTTE, N.C., Dec. 14 /PRNewswire/ — Bank of America today announced that it has pledged to increase lending to small- and medium-sized businesses by at least $5 billion in 2010 over 2009’s results.
The pledge was made to President Obama by Bank of America Chief Executive Officer Kenneth D. Lewis at a meeting of key bankers at the White House today.
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Companies with revenues up to $20 million are a critical driver of the U.S. economy. We are committed to supporting them with a suite of credit products and services. Third Quarter 2009 highlights include:
With 10 million retail and 700,000 corporate customers and 1,400 branches, Nordea Bank is the largest financial services group in the Nordic region (Denmark, Finland, Norway and Sweden). Looking to strengthen its ability to serve customers and the community, the Stockholm-based bank turned to Bank of America Merrill Lynch. The bank partnered with key shareholders, including the Swedish government — a 20 percent shareholder — in underwriting and supporting its equity capital-raising in the public markets.
The result was a landmark transaction that raised €2.6 billion (U.S. $3.3 billion) in a challenging environment. The deal was the largest capital raising ever… Read more
We encourage supplier diversity by increasing the amount of products and services we purchase from minority-, women-, veteran-, and disabled person-owned business enterprises.
Second Quarter 2009 highlights include:
Ports Seafood, San Francisco, CA
A thriving bank-supported small business
Image courtesy of Community Reinvestment Fund and Bay Area Development Company
We provide a wide range of products and services to the 4.5 million businesses with revenues up to $20 million that we have relationships with across the United States. And over the course of our 200-year history of serving small business clients, we have weathered many economic cycles as we are doing today. In the first quarter of 2009, Bank of America extended more than $3.9 billion in loans to businesses with annual revenues up to approximately $20 million across the country. Total credit outstanding to these businesses equals $44 billion.
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