Bank of America Offers New Community Centers

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Carol Heller (Southern CT Market Manager, Bank of America), Joseph McGrath (City of Waterbury) Lynn Ward (Greater Waterbury Chamber), Lori DosSantos (Merrill), Frank Tavera (Palace Theater), Cyndi Tolosa (Mattatuck Museum), Bob Burns (Mattatuck Museum), Jasmin Fernandez (Chase & Cooke Financial Center Manager), Brian Kimmey, Palace Theatre, Eugene Stovall (Consumer Banking Market Leader), Dalila Borges (Consumer Banking Regional Executive), Joann Reynolds Balanda, United Way of Greater Waterbury, Karen Mello, United Way of Greater Waterbury, Sandy Senich (Bank of America Private Bank)

Bank of America is demonstrating how to make financial lives better through a community-centered approach. During a reopening celebration at 992 Cooke Street today, leaders showcased how the recently renovated Waterbury community financial center serves as a hub to connect its team, local clients and partners, and the broader neighborhood to the right resources and know-how to improve the financial health of the community.

“We support communities in becoming more financially resilient by delivering access, resources and capital at scale,” said Bill Tommins, Southern Connecticut market president. “Serving clients and partners in communities just like this one is what Bank of America was founded on, and our continued investment in a tailored community-centered approach means that we can make a meaningful impact by advancing economic mobility for our clients and making neighborhoods stronger.”

The tailored community-centered approach includes:

·Community financial centers, which serve as a destination for financial advice and guidance.

·Safe and transparent products that meet the unique needs of clients wanting to build a savings plan, establish or rebuild their credit, or buying their first home.

·New features, technology and educational resources like an interactive touch screen in the lobby with Better Money Habits™ information focused on helping clients learn more about their money and how to improve their credit.

·Wi-Fi for clients, so they can download and access the bank’s mobile app without drawing on their personal data plans.

·New ATMs with updated features such as cardless access, making credit card payments, and selecting the bill mix when withdrawing cash.

·Philanthropic investments supporting and encouraging thriving communities by addressing issues related to workforce development and education, community development, and basic needs. Bank of America is investing $2 billion over 10 years in this effort.

Bank of America is proud to be serving the Waterbury community where our employees and customers are living and working. By hiring locally, providing development opportunities, and supporting customers and small businesses with the right resources and products, Bank of America strives to serve as a vital connection point within the Waterbury community.

Tommins added, “Our goal is to create jobs and drive economic growth in the communities we serve. Waterbury’s success is our success, enabling us to grow in a responsible and sustainable way.”

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 1,800 lending centers, 2,200 Merrill Edge investment centers and 1,500 business centers; approximately 16,300 ATMs; and award-winning digital banking with more than 36 million active users, including over 26 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.