Bank of America planning to Hire 1000 Small Business Lenders
The largest U.S. bank, Bank of America, is planning to hire 1,000 employees by 2012 as a part of its commitment to small businesses. The first phase of hiring small business bankers in the 5 banking centers Los Angeles, Baltimore D.C, Washington.
Small businesses always plays a vital role in driving innovation and growth in our economy, so Bank of America will help to create more certainty, more confidence and more opportunity for small businesses in all of our markets. The hired small business bankers will serve in the locations, making them uniquely qualified to work with these businesses and advice owners on deposits, credit and cash management.
Bank of America has provided $45.4 billion as credit to small as well as medium-sized companies during the first half of 2010 and is expected to increase lending to those businesses by $5 billion in later 2010. Moreover Bank of America is the nation's largest investor into CDFIs, with more than $1 billion in loans
One of the world’s largest financial institutions Bank of America, serving individual consumers, small, middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with over 6000 retail banking offices.
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