CP Parmar | President, Bank of America Greater Sacramento
Hear from CP Parmar, President of Bank of America Greater Sacramento, about our role in keeping Greater Sacramento moving forward.
I'm really proud of the team we have here on the ground who actively seek solutions for the members of our community, putting Bank of America's broad jobs initiative in the hands of those who need it most.
CP Parmar | President, Bank of America Greater Sacramento
Greater Sacramento 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 first showing element 1 of 3
Let’s build something together
We're a state capital city built on the shoulders of small businesses in a region that's known for being ”farm to fork." Much of our philanthropic work revolves around keeping our farming communities healthy and thriving. We're proud of the long-standing relationship we have with local nonprofits dedicated to teaching California's youth about the importance of agriculture and programs that teach adults how to grow their own food. When the health crisis hit, we helped create and fund an innovative program that supports small farms and provides debt relief to restaurants and ag-related retailers to help them prepare for expanded operations. Working closely with community partners, workforce development and basic need services continues to be a top priority. We fund programs that identify opportunities for economic growth for small startups as well as international corporations, offering the right training programs, incentives and assistance to reach a diverse talent pool.
Every successful career starts with a first job
The nonprofit Juma understands that building experience in the workforce is an important first step in developing a long-term career. That’s why Juma’s YouthConnect program works to place individuals in entry-level positions and then offers skills training, money management classes and career coaching —all with the goal of giving its participants the confidence to set and pursue their own professional pathways.
Racial equality and economic opportunity
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.
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.
