American Banker, Fortune and Working Mother magazines recognize Bank of America for investing in women

Each year, American Banker magazine recognizes the top individual female executives in the financial services industry who are driving their company’s performance through strategy and innovation, advancing the programs and resources available for their employees, and demonstrating leadership and involvement in their communities. And for more than 20 years, Fortune magazine has released a list that ranks the most powerful women in business today. Additionally, Working Mother magazine releases an annual ranking of the top 100 companies that implement progressive policies that enable working moms to be the best parents and best employees they can be.

American Banker’s Most Powerful Women in Banking and Finance

This year, American Banker magazine ranked seven Bank of America executives among the Most Powerful Women in Banking and Finance. For the third year in a row, Cathy Bessant, chief operations and technology officer, earned the top spot on the list, as the most powerful woman in banking. Anne Finucane, vice chairman, sits at No. 5; Andrea Smith, chief administrative officer, is No. 10; Anne Clarke Wolff, head of Global Corporate Banking and Global Leasing, is No.16 among the most powerful women in banking. Candace Browning, head of Global Research, earned the No. 6 spot among the most powerful women in finance, and Katy Knox, president of the Private Bank, sits at No. 14. Sharon Miller, head of Small Business, earned the No.15 spot on the Women to Watch list.
All of the leaders were recognized for their leadership, the work they do to drive responsible growth and the contributions they make each day for the company’s clients and teammates.

Fortune’s Most Powerful Women list

Anne Finucane was again named to Fortune magazine’s Most Powerful Women list. To formulate the list, Fortune editors consider the business’s size, performance and global impact, and the woman’s career arc and social and cultural influence.

Additionally, Fortune and Great Place to Work released its 2019 list of Best Workplaces for Women, and Bank of America was named among the top 100 companies. This is the second year of the listing, and the first time we’ve been featured. Fortune and Great Place to Work® partnered to survey thousands of employees at companies across the country and analyzed company data to create this list of workplaces that go above and beyond for their female employees.

2019 Working Mother 100 Best Companies

For the 31st consecutive year, Bank of America has earned a spot on Working Mother’s 100 Best Companies list. The company is recognized for its many benefits, including paternity, maternity and adoption paid leaves, child care reimbursement and tuition reimbursement. As a part of this honor, Bank of America recognized Dekeda Brown, Community Relations Manager in the CAO organization, as its Working Mother of the year. Dekeda serves as a Community Relations Manager for Greater Washington, D.C., and outside of work, she is a mom, wife and advocate for the special needs community. Read more about her family’s story here.

2019 Top Company for Women Technologists has named Bank of America a 2019 Top Company for Women Technologists. This is the second consecutive year that Bank of America has been recognized. Bank of America had the highest score in the technical workforce category of more than 10,000 employees. The award demonstrates Bank of America’s commitment to being a diverse and inclusive company, which is essential to our ability to meet the needs of our clients, communities and employees.

Empowering women

These rankings are another example of the recognition the company receives for its strong female leaders and for the organization’s ongoing work to invest in women as they make meaningful contributions within the company and in the communities it serves. This recognition also honors the organization’s commitment to being a great place to work for female teammates, making the financial lives of its female clients and customers better and advancing the economic empowerment of women in communities around the world.

More than 50% of the organization’s global workforce is female, more than 45% of its management team is female, and 35% of its board of directors is female. The company’s industry-leading workplace policies include 16 weeks of paid maternity, paternity and adoption leave; financial support for adoption; backup child and adult care and adult care services; and, for eligible parents, reimbursement for certain child care expenses.

In addition, Bank of America’s Life Event Services (LES) team is dedicated to supporting employees as they navigate significant life events, including leaves of absence, retirement or domestic violence support. Employees can access one-on-one support and get connected to relevant resources, including confidential counseling, legal services, and safety and security support.

The company has external programs and partnerships focused on women’s development, including the Global Ambassadors Program, a global program that brings together women leaders of small businesses and social enterprises for mentoring and workshops. The program is part of a broader effort to advance women’s empowerment and drive economic development. Through the Tory Burch Foundation Capital Program, powered by Bank of America, more than $46 million in loans have been delivered through community development financial institutions to more than 2,500 women small business owners since 2014. In 2019, Bank of America is doubling its total commitment to $100 million in order to meet the ongoing need for women entrepreneurs to access capital to grow their businesses.

Learn more about how Bank of America is helping women succeed.


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