Supporting local economies across the country: Spotlight on Dallas/Ft Worth

In all of our local markets, we are focused on delivering the full breadth of our capabilities to customers and clients, building our reputation as a trusted financial partner, while leading environmental, social and governance efforts, and contributing to the community. The Dallas/Fort Worth market is no exception.

Led by seasoned local leadership, Bank of America is recognized as an employer of choice in the Dallas/Fort Worth market. We employ approximately 15,000 people in the community, making it one of the largest local concentrations of Bank of America employees in the world. Throughout their daily interactions with business leaders and community stakeholders, our team is advancing the Bank of America brand values through local projects and initiatives.

Our Global Banking and Markets teammates were part of a team that helped Fehmi Karahan, President and CEO of Karahan Companies, complete a $3 billion commercial real estate project. This project – Legacy West – is home to several Fortune 100 companies and features retail, restaurants, apartments, and corporate office space. Karahan, who arrived from Istanbul with less than $100, is now responsible for one of the largest, most successful commercial real estate developments in Texas.

We are also assisting entrepreneurs in the community through our support of PeopleFund, one of over 260 community development financial institutions we finance. PeopleFund lends to small businesses, including women entrepreneurs, through the Tory Burch Foundation Capital Program—powered by Bank of America— that connects women business owners to affordable loans to help grow their businesses. Andrea Thomas, owner of ScratchMeNot Flip Mittens, used her loan to increase manufacturing, grow her business, and help her product impact the lives of thousands of children.

Our employees provided leadership development training to volunteers at The Gatehouse, a supportive living community where women and children in crisis receive a hand-up to end cycles of abuse and poverty, and build new lives. The training was facilitated through Bank of America’s Neighborhood Builders® program, which equips nonprofits and their leaders with the funds and training to improve their community services. “We recognize the critical role that nonprofit organizations and their leaders play to build pathways to economic progress in the North Texas community,” said Mike Pavell, Bank of America Fort Worth market president. “Through this program, we connect outstanding nonprofits, like The Gatehouse, to the resources they need to scale their impact and help our community thrive.”

Mark Hogan is a great example of our employees going above and beyond and connecting with their local communities in unique ways. Mark is a member of our Support Services team, an in-house marketing and fulfillment operation comprising 300 employees across the U.S. with intellectual disabilities who support every major line of business. Mark led his department to donate 104 boxes of food to the North Texas Food Bank, filled 131 backpacks with school supplies for local children, raised more than $2,100 to support the American Heart Association’s Heart Walk, and generously donated his time to the “Night to Shine Prom,” which hosts an unforgettable prom experience for people 16 years and older with special needs.

These are just a few examples of how we are helping the Dallas/Fort Worth area – and all communities we support – thrive.

Read more about our 360-degree impact in Dallas in the 2017 Annual Report.

5/23/2018


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