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.
Gene Schaefer | President, Bank of America Miami
Miami 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.
See how we put people firstLet’s build something together
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.
Meeting the urgent demand for skilled workers
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.
By the Numbers: Fighting Food Insecurity in South Florida
Local hunger-relief organizations like Feeding South Florida have faced new challenges amidst the coronavirus pandemic to ensure that homes in need continue to have meals on the table. One way they’re doing it is paying farmers to harvest crops despite the lack of commercial demand, and by purchasing directly from distributors.
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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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