Derek Cohen | President, Bank of America Coastal North Carolina
Hear from Derek Cohen, President of Bank of America Coastal North Carolina, about our role in keeping Coastal North Carolina moving forward.
I'm proud to work for a company that prioritizes communities that are most in need. It feels great to be part of making lives better, not just for today, but for generations to come.
We are committed to helping our communities thrive - dedicating our resources to address the issues that matter most in each community where we live and work.
Life doesn’t stop for you, but Bank of America does. We’re not just here to help with your everyday banking. We’re here to help you go further by providing banking solutions, powerful tools and financial education resources like Better Money Habits®.
employee spotlight
Our team is committed to our employees with initiatives like Sharing Success, which awarded 97% of colleagues additional compensation this year, nearly all in stock. This is the seventh consecutive year teammates received this award, totaling more than $4.8 billion.
See how we put people firststudent spotlight
Since 2004, our Student Leaders® program has helped prepare high school students for the workforce by connecting them to skills development and leadership training. Through paid internships with local nonprofits like The Harrelson Center, they gain practical work and life experiences. It's just one more way we're working to build a better future for all.
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We’re investing in people’s futures by helping our neighbors build careers that support families and fuel our economy. The Academy at Bank of America offers resources to foster the growth and success of our communities and teammates. If you’d like to enhance your skills and boost your confidence, training is free and open to all.
Register for free live webinarsDerek Cohen | President, Bank of America Coastal North Carolina
Hear from Derek Cohen, President of Bank of America Coastal North Carolina, about our role in keeping Coastal North Carolina moving forward.
Bank of America wants to ensure everyone shares in the success of our region. We’re focused on working with nonprofits to address hunger and homelessness and help our neighbors get what they need. We support a number of programs aimed at underserved communities to assist with affordable housing and workforce development. We’re committed to overcoming generational poverty and breaking down the barriers people face in finding viable, well-paid careers. Our employment support includes an internship program for high school students that creates new pathways to employment and teaches key life skills. We also provide funds for up-skilling initiatives focusing on racially diverse communities and the formerly incarcerated. We found ways to assist working parents during the health crisis by supporting a local nonprofit that pivoted from its normal after-school activities to providing full-time childcare when schools were closed. Whatever the challenges, we remain steadfast in supporting our community.
The Northside of downtown Wilmington, NC has faced some tough times, including high rates of youth violence compounded by persistent poverty. To combat both, Voyage, a nonprofit that was founded in 2008 as the Blue Ribbon Commission on the Prevention of Youth Violence, offers a summer training, internship and employment program to local high school students. The program is designed to start and keep students on a career path by surrounding them with counselors and mentors.
At Bank of America, we have a long-standing commitment to support economic opportunity for diverse people and communities. We are doing this by building upon our existing efforts and leveraging our strengths: creating more affordable housing and expanding home ownership, increasing lending and support to minority-owned small businesses, championing job training and career readiness and addressing health disparities like access to care. We continue to focus on working collaboratively across sectors to advance opportunities that will create real impact in the lives of individuals and for the communities we serve, using the past to inform our perspective and understanding as we tackle barriers within our communities.
At Bank of America, we believe in the power of the arts to help economies thrive, educate and enrich societies, and create greater cultural understanding. That’s why we’re helping the arts flourish in communities across the globe.
Explore our commitmentWherever you are with your financial goals, we're right here to help. Our local specialists are ready with personalized advice and guidance at locations around your city. Find a location and make an appointment to talk to us today.
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We're #1 in our industry and #1 for workers on the JUST Capital's 2024 Rankings of America's Most JUST Companies. **
Because of our investments in industry-leading programs and resources, and our commitment to helping teammates achieve their personal and professional goals, we were awarded the Grand Stevie Award for Organization of the Year. *
* The Stevie Awards recognize the achievements of businesses and professionals worldwide. Organizations self-nominate, providing data for various categories, and winners are determined by the average scores of more than 240 professionals worldwide serving as judges.
** For the annual Rankings, JUST Capital collects and analyzes corporate data to evaluate the 1,000 largest public U.S. companies across 20 issues identified through comprehensive, ongoing public opinion research on Americans' attitudes toward responsible corporate behavior. In determining the top 10 companies for workers, JUST Capital used its Workers Leaders Index which tracks the top 20% of companies in its annual Rankings that perform the best across the five worker related issues evaluated. https://justcapital.com