Charlottesville

is your home, it's ours too.

Photo of Carolyn Rainey
Carolyn Rainey
President, Bank of America Charlottesville

Bank of America invests locally to make this a great place to live, work and do business. We provide solutions for businesses; support local institutions focused on income creation, stable housing and advancing economic opportunity; and support our local arts and culture for a thriving Charlottesville.

Local connections in action

  • 80
    Local
    employees
  • 12.5K
    Local employee
    volunteer hours
    (since 2020)
  • $2.9M
    Philanthropic
    giving
    (since 2020)
  • 9
    Locations
    supporting clients
  • $25.1M
    Loans to small
    businesses*(Credit extended to businesses that generally have annual revenues of less than $5 million)
  • $248M
    Loans to
    commercial
    businesses**(Credit extended to businesses that generally have annual revenues of $5 million to $2 billion)
Market President
Carolyn Rainey
434.244.8077

Investing in our signature philanthropic programs

Empowering community leadership drives economic mobility. Our signature philanthropic programs help individuals achieve their goals.

  • Through Neighborhood Builders®, we’ve helped over 4,000 nonprofit leaders strengthen their leadership skills and have invested over $346M in grants to nonprofits across the U.S., since 2004. This includes local organizations like C4K, Community Investment Collaborative, United Way, and Piedmont Housing Alliance.
  • Our Better Money Habits Champions deliver financial health resources and education to our community.

Improving access to basic needs

All thriving communities start with meeting the individual basic needs of its members. That means ensuring certainty when it comes to health and food.

  • We’re creating greater access to healthcare through innovative programs, including our $40M commitment in low-cost, long-term capital to finance the development and expansion of community health centers and other primary care facilities across the U.S.
  • We’re helping to fight hunger here in Charlottesville through our partnerships with local organizations like Blue Ridge Area Food Bank, Loaves & Fishes Food Pantry, and the Salvation Army.

Providing access to livable-wage jobs

We're committed to building a strong workforce to help individuals improve their financial lives and ensure a thriving economy.

  • We invest in partners like PVCC - Network2Work, and New Hill Development Corporation in support of workforce development and job creation.
  • Our 1,300+ trained Community Education Ambassadors deliver free professional skills workshops across the U.S., and our on-demand content provides career readiness skills to the communities we serve.

Delivering industry-leading capabilities through technology

Innovation is at the heart of all we do. We provide digital capabilities that improve our clients’ financial lives.

  • We’re harnessing digital demand with over 58M verified online and mobile users, and a record 14.3B logins in 2024.
  • Erica®, our artificial intelligence (AI)-based virtual financial assistant, has recorded over 2.5B interactions since the tool’s introduction.
  • We continue expanding our digital capabilities, serving over 63K digitally active local clients.

Awards

  • One of the
    World's Most Admired
    Companies (2025)
    by
    Fortune
  • Financial Health Support -
    Banking & Payments (2024)
    Certified by
    J.D. Power
  • Top 10 most
    JUST companies (2025)
    by
    JUST Capital