Victor Branch | President, Bank of America Richmond
Hear from Victor Branch, President of Bank of America Richmond, about our role in keeping Richmond moving forward.
Richmond is reinventing itself, and I can’t overstate how proud I am of Bank of America. We’re making a real difference, helping people from diverse communities make the most of the transformations taking place.
Victor Branch | President, Bank of America Richmond
Richmond 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
We have a long history of making a difference through grants and volunteerism in Richmond. When the health crisis hit, Bank of America met the moment with programs that support our commitment to advancing racial equality, addressing healthcare needs and promoting economic opportunity. We’ve funded a relief effort that’s helped more than 13,000 families, the majority headed by women of color, avoid eviction. We’re also funding a nonprofit that connects children who have experienced traumatic violence with mental health counseling, and we support small businesses through funds and leadership training. To deepen reserves of local tech talent, we’re partnering with schools to help first-generation college students and those from racially diverse communities study STEM subjects, preparing them for college and high-demand careers.
For minority small businesses in Virginia, a league of their own
The Metropolitan Business League (MBL) uses education, advocacy and access to resources to promote economic prosperity for its fast-growing Richmond small businesses member network, now 850 strong.
An accessible path to home ownership
In Richmond, the Maggie Walker Community Land Trust has found a way to keep homes more affordable for local residents. The organization’s innovative model is making homeownership accessible to low- and middle-income residents who might otherwise be priced out of the area.
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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
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.
