Gene Schaefer | President, Bank of America Miami
Hear from Gene Schaefer, President of Bank of America Miami, about our role in keeping Miami moving forward.
With its melting pot of cultures, Miami has become a leading destination for businesses considering relocation, as well as a global tourist haven. I'm proud to call it home, and I'm committed to using our resources at Bank of America to keep our community thriving.
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 YMCA of South Florida, they gain practical work and life experiences. It's just one more way we're working to build a better future for all.
Learn about student leadershipthe academy
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 webinarsGene Schaefer | President, Bank of America Miami
Hear from Gene Schaefer, President of Bank of America Miami, about our role in keeping Miami moving forward.
As the gateway to Latin America and the Caribbean, Miami has a wonderfully diverse population with an economy deeply rooted in tourism and hospitality, but is also emerging as a technology hub. Our community was hit very hard by the health crisis. We took action by working with partner organizations to offer relief for basic needs and nutrition. We provided solutions for small businesses, from access to capital to webinars that laid out ways to remain resilient and pivot through hard times. As part of Bank of America’s broader jobs initiative to provide economic opportunities to people of color, we've provided grants to local colleges and universities to help students successfully complete the education necessary to enter the workforce and embark on a path to success. Through critical funding to a local hospital, we're helping people gain access to quality healthcare to address the chronic health conditions that plague our low-income communities. Future initiatives are in the works to provide affordable housing for those in need.
Like many colleges across the country, Miami Dade College (MDC) experienced a disruption in its daily operations and mission due to the coronavirus, with enrollment declining by 19.5% in the fall of 2020. While that represents a hardship for students whose college careers have been derailed, a pullback in education also has a ripple effect in local communities and businesses that need skilled, educated workers. But MDC is taking steps to ensure its students still receive opportunities to learn, grow and acquire the tools they need to achieve success.
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.
Two years in a row, J.D. Power has certified Bank of America in:
Outstanding Customer/Client Satisfaction with Financial Health/Wellness Support
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