Bank of America Recognized in PEOPLE’s 100 Companies That Care 2021: Meet the Employers Putting Their Communities First
Partnering with Great Place to Work, PEOPLE identifies the top U.S. companies supporting their employees and their surrounding communities
To help its customers struggling financially in the wake of the pandemic, Bank of America, one of the world’s largest financial institutions, has provided payment deferrals for more than 1.5 million accounts and supported more than 495,000 small business clients with more than $35 billion in loans through the Paycheck Protection Program.
In response to current racial justice issues, the Charlotte, North Carolina-based company committed $1.25 billion to create opportunities for people of color in areas of health and healthcare, jobs and skill development, housing and support for small businesses.
“The way that the management team, senior executives, and my leadership team reacted to the pandemic and to the systemic racism issues this year showed me how great our company is,” says one staffer, “and how much our leaders truly care about our people.”