New Mexico

is your home, it's ours too.

Photo of Paul Mondragón
Paul Mondragón
President, Bank of America New Mexico

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 New Mexico.

Local connections in action

  • 530
    Local
    employees
  • 26.1K
    Local employee
    volunteer hours
    (since 2020)
  • $6.4M
    Philanthropic
    giving
    (since 2020)
  • 16
    Locations
    supporting clients
  • $54.1M
    Loans to small
    businesses*(Credit extended to businesses that generally have annual revenues of less than $5 million)
  • $178M
    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 New Mexico through our partnerships with local organizations like RRFB, St. Felix Pantry, St. Elizabeth Shelter, Meals on Wheels, Presbyterian Health.

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, including 322 units here in New Mexico during that time.

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 University of New Mexico, Central New Mexico Community College 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 arts and culture

We believe that investments in arts and culture help to build communities and have a positive impact on the lives of our clients and teammates.

  • We support nonprofit arts and cultural institutions around the world, including Albuquerque Museum, Georgia O'Keeffe Museum, SITE Santa Fe, Museum of Natural History here in New Mexico.
  • Through Museums on Us®, we offer our cardholders free general admission to 2 local museums during the first full weekend of every month.

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