Local Impact Fact Sheet For Colorado

Gabrielle Hodgson

President, Bank of America Colorado

At Bank of America, we are committed to meeting the financial needs of our clients by connecting them to all of our capabilities and services. We strive to help Colorado thrive by dedicating our resources to address the issues that matter most to our community.

990

Local
employees
44.8K

Local employee
volunteer hours
(since 2020)
$6.7M

Philanthropic
giving
(since 2020)
54

Locations
supporting clients
$304M

Loans to small
businesses*(Credit extended to businesses that generally have annual revenues of less than $5 million)
$4.6B

Loans to
commercial
businesses**(Credit extended to businesses that generally have annual revenues of $5 million to $2 billion)

Key Partnerships

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 Colorado through our partnerships with local organizations.

Being a Great Place to Work

We strive to be a Great Place to Work for our employees by providing access to a broad range of opportunities to achieve their professional goals and by maintaining a culture of caring for them and their families.

Our local teammates have access to free, confidential counseling through our Employee Assistance Program and support in the moments that matter most through our industry-leading Life Event Services Team.
We recognize teammates celebrating certain career milestones with paid time away through our sabbatical program.

Supporting local businesses

Helping businesses grow is at the core of what we do. We’re proud to provide industry-leading advice, connections and tools.

Serving 3.4M businesses from start-up to $50M in the U.S., business owners have access to our leading products, scale and expertise.
We consistently rank as the No. 1 small business lender according to the FDIC.
In 2024, we were recognized as the Best Bank in the U.S. for Small and Midsize Enterprises by Global Finance.

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 380K 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