BofA expanding its commitment

Bank of America made several recent announcements further committing to drive economic opportunities for its clients, teammates and communities.  On September 17, Bank of America announced it has raised its U.S. minimum hourly wage to $25 per hour raising the minimum annualized salary for full-time employees in the U.S. to more than $50,000. This investment will affect thousands of employees across the nation and help to fuel the growth of the American economy and create job opportunities that strengthen the communities the company serves.

In a separate announcement, Bank of America plans to increase its military hiring, committing to add 10,000 more individuals with military backgrounds over the next five years and the bank also plans to increase its hiring from community colleges, committing to 8,000 new hires over the next five years, and to create 700 financial center jobs in new growth markets across the country.

Expanding opportunity globally

In addition, Bank of America is making investments to drive economic opportunity globally. Recently, Bank of America announced the opening of an operations center in Belfast, Ireland that help build a resilient, globally integrated operations network and create will create 1,000 new jobs. This is a continuation of Bank of America’s commitment in Belfast, Ireland to fund a three-year digital skills and employability program that will ultimately benefit 600 students at Belfast Metropolitan College.