Bank of America Furthers Support for U.S. Military
Bank of America is furthering its commitment to hire veterans, Guard and Reserve members as one component of an integrated strategy to help military veterans and their families return to civilian life through education, employment, wellness and housing. For example, more than 900 homes have been donated to military veterans and first responders as part of a three-year commitment to donate 1,000 homes.
Since 2011, Bank of America has hired more than 4,000 veterans, Guard and Reserve members thanks to a dedicated team focused on military recruiting, and partnerships with organizations like the Network of Champions, the Military Spouse Employment Partnership, PeopleScout, the Bush Institute and the Joining Forces Initiative. With this enhanced focus, the bank will maintain this pace and hire 10,000 over the next several years.
“We have a responsibility to support these men and women as they transition from uniformed service to our country,” said Brian Moynihan, CEO, Bank of America. “Bank of America is committed to the success of every veteran on our team.”
Military Reservists, veterans and military spouses have access to a variety of resources that position them for success, such as the Military Support & Assistance Group, the Veterans Transition Assistance Program, and a best-in-class military leave policy.
“From recruiting and hiring veterans, to employee volunteers and funding for charitable organizations, we show our appreciation for those who have served, continue to serve, or are part of a military family and what they have given our country and our company,” said Andrea Smith, Global Head of Human Resources. “To that end, we dedicate and make available resources to help these employees build upon the leadership, training and skills they developed while protecting our way of life.”
The bank also supports nonprofits that provide transitional employment opportunities, job training and vocational education for service members, their spouses and caregivers through Wounded Warrior Project, Student Veterans of America, Operation Homefront, Mission Continues, Goodwill Industries, Special Operations Warrior Foundation and Team Rubicon, in addition to a number of local transition organizations.