Detroit
is your home, it's ours too.
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 Detroit.
Local connections in action
-
1,340Local
employees -
103KLocal employee
volunteer hours
(since 2020) -
$23MPhilanthropic
giving
(since 2020) -
73Locations
supporting clients -
$396MLoans to small
businesses*(Credit extended to businesses that generally have annual revenues of less than $5 million) -
$2.7BLoans to
commercial
businesses**(Credit extended to businesses that generally have annual revenues of $5 million to $2 billion)
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 Grow Detroit's Young Talent, Greening of Detroit, NPower and SER Metro-Detroit 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.
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 College Careers and Beyond (Midnight Golf Program) and Life Remodeled.
- 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 Detroit through our partnerships with local organizations like ACCESS, Food Gatherers, Forgotten Harvest, Lighthouse, and The Salvation Army.
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.
Awards
-
One of theWorld'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