Hard at Work in Michigan
Bank of America began serving Michigan nearly 120 years ago. In 1893, Standard Federal Bank opened in downtown Detroit. It received a national charter in 1950 and continued to grow into one of the largest banks in the Midwest. Standard Federal was acquired by LaSalle Bank of Chicago in 2005 and became part of the Bank of America family two years later. Today, Bank of America is one of the nation’s largest financial institutions and provides services to half of all American households.
Aug 24, 2012
According to the US Department of Agriculture, 96 billion pounds of food goes to waste each year in this country – one-quarter of all food produced. Meanwhile, with the economy still faltering in many parts of the country, a record number of people are turning to emergency feeding programs nationwide… learn More about Feeding the Hungry in the ‘Comeback City’
Jul 16, 2012
The economic crisis that hit Detroit in 2008 had a surround sound impact. The auto industry collapsed, crime increased, and residents fled. For those who stuck around the ‘Motor City’ the availability and accessibility of corner markets and grocery stores - among other critical staples for living - diminished. Yet today, the city’s Eastern Market, best known for its regional food vendors, is poised to transform the community and fulfill a critical need by providing fresh, locally-based foods in a city where many grocery stores remain closed. … learn More about From Farm to Table, Revitalization and Conviviality in Detroit
Jul 17, 2012
In 1999, the state of Michigan lifted the residency requirement for City of Detroit employees; over the next ten years, many employees left the City… learn More about Revitalizating Detroit One Police Officer at a Time
Jul 16, 2012
In the 1920s, the rapid growth of the automobile industry in Detroit caused a boom in housing due to the large number of people moving to the region. This, in turn, created a demand for wholesale contractors selling materials to facilitate the development of real estate in the area… learn More about Weathering the Business Storm in Detroit
*35,925 mortgage modifications in Michigan since 2008.