Alberto Garofalo | President, Bank of America New Jersey
Hear from Alberto Garofalo, President of Bank of America New Jersey, about our role in keeping New Jersey moving forward.
One of the things I love about living in New Jersey is the diversity of our communities. We believe our company has a responsibility to support those communities, while serving the needs of our clients and taking care of our employees.
Alberto Garofalo | President, Bank of America New Jersey
New Jersey 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 President of Bank of America New Jersey, I am proud that we have made a $1.25 billion, five-year commitment of additional support to help local communities address economic and racial inequality accelerated by the global pandemic. We will focus on assisting people and communities of color that have experienced the greatest impact from the health crisis. This work builds on economic mobility work Bank of America already supports in New Jersey and our commitment to responsible growth. I oversee the bank’s work connecting individuals, families, and businesses to resources that make their financial lives better from Sussex to Cape May. I’m also charged with helping strengthen economic opportunity and build strong communities through social responsibility efforts, which as we know are absolutely essential to New Jersey at this time.
Tools and training to elevate local businesses
Since 1989, the Statewide Hispanic Chamber of Commerce of New Jersey has been helping Hispanic-Latino business owners build sustainable companies. Now, they are helping them better publicize their businesses with a new series of media and marketing coaching sessions. The program aims to help Hispanic-Latino small businesses stand out, both online and on-air.
Wired for a career in tech
The nonprofit organization NPower is devoted to helping veterans and under-resourced young adults break out of low-wage jobs and build meaningful careers in technology. NPower works with employers in seven states to create coursework and training opportunities – in New Jersey, we’re partnering with NPower to support paid internship programs that provide participants with critical real-world experience.
showing element 1 of 3
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
Digital tools so impressive, you just can’t stop banking.
Wonder what everyone’s doing on their phones? They’re banking. And budgeting. And planning. And investing with Merrill – all in one place.
