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.
Jun 28, 2012
In 1998, Chris Mittelstaedt was working in an entry level position at a high end hotel in San Francisco. With a desire to accomplish more both professionally and personally, he launched the ‘FruitGuys®,’ a company dedicated to providing fresh fruit, or “nature’s candy” as an alternative to junk food and other unhealthy snack options to local business people. … learn More about How One Company is Providing Healthy Eating Options to Businesses and Communities Around the US
Jun 28, 2012
San Francisco’s cost of living is 66 percent higher than the national average. The cost of living coupled with shrinking public budgets for affordable housing initiatives and investments can present serious economic hurdles for low-income residents. One neighborhood in particular that has been faced with this urban affordability crisis is the Tenderloin, home to roughly 25,000 people and the highest poverty rate of any other neighborhood in the City… learn More about Business with a Mission in San Francisco
Jun 28, 2012
Since September 2001, roughly 2 million veterans have returned to civilian life; this number is on the rise as an anticipated 200,000 veterans are expected to enter the workforce annually… learn More about REBOOT Helps Veterans Successfully Transition to Civilian Life
Sep 04, 2012
In 2003, Darius, Susan and Dara Mir, the owners of 9to5 Seating, were at a critical decision point. Although the economy was soft, 9to5, a manufacturer of office furnishings, had seen strong demand for its office seating, helped by orders from office superstores and warehouse clubs like Costco and Staples. However, products manufactured in China were starting to cut into their profits as the mass-market superstores switched to ordering lower-cost goods, and they needed a strategy that would help them respond… learn More about Family-owned 9to5 Seating Adopts a Growth Strategy, Creating Jobs with its Contract Chair Business
Jul 16, 2012
For 128 years, Ganahl Lumber has been supplying lumber, plywood, hardware and other building materials to construction projects throughout California. And much of their expansion—they currently have nine retail stores and a distribution center— has been financed with the help and advice from their team at Bank of America… learn More about Helping the Oldest Lumberyard in California Expand to Nine Locations
*Over $20.7 million in nonprofit support for California in 2012.