Local Impact Fact Sheet For Seattle

Jim Morehead

President, Bank of America Seattle

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 Seattle thrive by dedicating our resources to address the issues that matter most to our community.

1,710

Local
employees
90.1K

Local employee
volunteer hours
(since 2020)
$16.1M

Philanthropic
giving
(since 2020)
108

Locations
supporting clients
$690M

Loans to small
businesses*(Credit extended to businesses that generally have annual revenues of less than $5 million)
$3.1B

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 Seattle through our partnerships with local organizations.

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.

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 1050 units here in Seattle during that time.

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 LifeWire, Mercy Housing.
Our Better Money Habits Champions deliver financial health resources and education to our community.

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