Al Welch | President, Bank of America Las Vegas
Hear from Al Welch, President of Bank of America Las Vegas, about our role in keeping Las Vegas moving forward.
Las Vegas is even more of a growth town than it is a gaming town, and we are committed to convening local academic, business and nonprofit leaders to drive financial literacy and economic mobility throughout our community.
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.
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
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 businessesongoing commitment
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 commitmentemployee spotlight
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.
See how we put people firstAl Welch | President, Bank of America Las Vegas
Hear from Al Welch, President of Bank of America Las Vegas, about our role in keeping Las Vegas moving forward.
Bank of America’s vibrant Las Vegas presence houses the largest gaming finance portfolio in the United States, and our teammates are committed to driving workforce development and job creation in our community. We partner with local leaders to enhance the region’s academic infrastructure, facilitate upskilling and financial literacy programs, provide scholarships and ultimately connect our neighbors with sustainable careers.
To support Las Vegas’ thriving entrepreneurs, we partner with multicultural economic development organizations to open pathways for Black and Hispanic small business owners in our neighborhoods.
In Nevada, more than half of the available jobs require a post-secondary degree, while only 30% of adults over the age of 25 have one, according to the United Way of Southern Nevada. The College of Southern Nevada in Las Vegas has made this underprepared workforce a priority through its commitment to provide job skills and educational support. These comprehensive services help participants prepare for careers in industries such as health care, information technology, logistics, construction and other skilled trades.
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.
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 commitmentWhether 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.
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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