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.
Derek Cohen | President, Bank of America Coastal North Carolina
Coastal North Carolina is your home. It’s ours, too.
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.
Turn financial knowledge into action
At Bank of America, we invest in the communities we serve. 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®.
small business spotlight
When entrepreneurs succeed, our communities do too
As America's #1 business lender, we are invested in local economies with over $30 billion in business loans. Our commitment includes providing funding to under-resourced small businesses and supporting entrepreneurs with the tools and resources to help them make every move matter. Whether starting out or looking to expand, their success continues to bring jobs and strengthens our community.
See how we support businesses
ongoing commitment
Offering the community
more ways to go
We're always looking for ways to support people's choices in the communities we serve. That's why Bank of America is adding charging stations for electric vehicles (EVs) to over 90 financial centers nationwide. For our customers who are interested, we have financing for EVs and charging accessories. And we're also supporting the choices our teammates make with employee rebates on EVs.
Learn more about our commitment
employee spotlight
Everyday dedication meets everyday appreciation
We continue to invest in our employees with initiatives like Sharing Success, which awarded 96% of colleagues additional compensation this year, nearly all in stock. This is the sixth time teammates received this award, totaling more than $4 billion. We are committed to being a Great Place to Work for our teammates locally and around the globe including providing leading benefits, minimum wage at $22/hr on track to $25/hr by 2025 and opportunities to build a career with us.
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Let’s build something together
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.
Voyage gives young people a strong start in the workforce
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.
Racial equality and economic opportunity
At Bank of America, we’re committed to addressing the root causes of inequality through a company-wide commitment to advancing racial equality and economic opportunity across diverse 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 also know we can’t solve these challenges alone, so we’re partnering with other corporations, local nonprofits and community leaders across the country who share our vision for creating meaningful change.
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The power of the arts
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 commitmentFind a location
Whether you have everyday financial needs or more complex ones, our experienced specialists can help at locations around your city. Find a location and make an appointment to talk with us.
We remain committed to supporting you with your financial needs during the health crisis. Our top priority is the health and safety of our clients and teammates. We encourage visitors wear face coverings when visiting our centers.
In some locations, you may be required to wear a face covering to enter, in alignment with local ordinances.
We make customers our first priority.
Two years in a row, J.D. Power has certified Bank of America in:
Outstanding Customer/Client Satisfaction with Financial Health/Wellness Support
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