Hard at Work in California
Bank of America began serving California nearly 140 years ago, starting with the Security Pacific Bank in Los Angeles and Bank of Italy in San Francisco. Bank of Italy was founded in San Francisco in 1904 by A.P. Giannini, who believed in the power of capital to change people’s lives for the better. After the 1906 earthquake, he famously loaned money on a handshake to anyone who promised to rebuild. Security Pacific Bank’s many contributions include helping secure locations for several major universities in southern California. Today, Bank of America provides services to half of all American households and lends billions of dollars to help spur economic growth.
Jul 18, 2012
Los Angeles’ Boyle Heights started as a vibrant and diverse community, home to successive waves of immigrants. However, in the 70’s, 80’s and early 90’s, the lack of investment in infrastructure and public services led to rising crime rates, graffiti-covered walls, and a lack of amenities like supermarkets that offered fresh food… learn More about New Affordable Housing Adds to the Revitalization of L.A.’s Boyle Heights
Jun 15, 2012
Indian Land Capital Company, an American Indian Community Development Financial Institution (CDFI) that specializes in financing tribal lands, has received a $1 million low-cost loan from Bank of America to finance local economic development programs… learn More about American Indian CDFI Gets $1 Million to Help Finance Tribal Lands
Nov 02, 2011
America is the land of opportunity, where the entrepreneurial spirit thrives. Each year, an estimated 600,000 businesses are created. For some, it’s about taking a chance on a “big idea.” For others, like Michael Freeman, it’s about carrying out a vision… learn More about A Sweet Dream: The Best of Chocolates Under One Roof
Jan 05, 2011
The intersection of East Adams Boulevard and Central Avenue represents both the past and the future of South Los Angeles. The area, once a bustling hub of the African American community, began a gradual decline in the late 1950s. Affluent residents moved away, neighborhoods deteriorated, and jobs and businesses were lost… learn More about A Catalyst for Revitalization in South Los Angeles
Aug 23, 2012
In San Diego County the homeless population is approaching 10,000. Living on the streets, in cars, shelters or other temporary housing, this population includes families, young children and individuals working to overcome a difficult period in their lives… learn More about How a Nonprofit is Helping the Homeless Become Homeowners in San Diego
*Over $20.7 million in nonprofit support for California in 2012.