Local Impact Fact Sheet For Greater Sacramento

CP Parmar

President, Bank of America Greater Sacramento

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 Greater Sacramento.

940

Local
employees
78.2K

Local employee
volunteer hours
(since 2020)
$8.1M

Philanthropic
giving
(since 2020)
59

Locations
supporting clients
$423M

Loans to small
businesses*(Credit extended to businesses that generally have annual revenues of less than $5 million)
$1.9B

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

Key partnerships

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.

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.

Providing stable housing

Safe, affordable housing is vital to the health of our communities. We’re increasing economic mobility for families through our business and community partnerships.

Through our $15B Community Homeownership Commitment, we’ve provided solutions for over 50K+ families to purchase safe, affordable housing in our community since 2019.
Our Community Development Banking team also financed the creation of affordable housing here in Greater Sacramento.

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 706K digitally active local clients.

Awards

America's Best Customer Service
in Financial Services (2026)

by
USA Today
One of the

World's Most Admired
Companies (2025)

by
Fortune
Top 10 most
JUST companies (2025)

by
JUST Capital