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Thought Leadership Commitment to Community

Bank of America in Atlanta – A Commitment to Community

Bank of America

By Wendy Stewart, Bank of America Atlanta Market President

“Community” is a word that tends to get a bit overused. Communities transcend a geographic location or coordinates on a map; they are united by proximity and bound together by what they share. And I believe every Atlantan⎯whether native or transplant⎯can agree that the pursuit of a diverse and inclusive culture is at the heart of everything we do.

In Atlanta’s case, there is no better way to describe Bank of America’s relationship with the people who live in and around this great city than the word “community.” Since 1919, when Mills B. Lane brought the company to the corner of Marietta and Broad Streets, Bank of America (formerly C&S) has served Atlanta’s needs in business, banking and beyond. Our longstanding history in the city, including the boundless opportunities we’ve had to support the growth and wellness of customers and fellow citizens over the past 100 years, is a privilege we hold with the highest regard.  

At Bank of America, we have long recognized that a diverse and inclusive culture is essential to achieving our mission. This need has become even more urgent amid the current health crisis, which has disproportionately impacted communities of color. Underlying economic and social disparities that have existed for centuries are evident during the global pandemic, and recent racial injustices have highlighted an unprecedented need to do more, and do better, in our communities. 

We have been and are continuing to address systemic issues of race and place in Atlanta by investing in basic needs, community development, workforce development, and education. So far in 2020, we have deployed nearly $1.6 million to 28 Atlanta-area organizations that faced unparalleled challenges from the coronavirus, including Atlanta Community Food Bank, Grady Health System, Grove Park Foundation, and Latin American Association. 

Additionally Bank of America is reinforcing its commitment to create opportunity for people and communities of color in the areas of health, job training, support to small businesses, and housing, all through a lens of racial equity with a recently announced $1 billion, four-year commitment of additional support across the country.

Why? Because we are committed to Atlanta and are hopeful that, together, the next 100 years will be better and even more prosperous for all of us. 

 

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