Local Impact Fact Sheet For Southern Connecticut

William R. Tommins

President, Bank of America Southern Connecticut

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 Southern Connecticut.

1,140

Local
employees
60.9K

Local employee
volunteer hours
(since 2020)
$9.3M

Philanthropic
giving
(since 2020)
58

Locations
supporting clients
$189M

Loans to small
businesses*(Credit extended to businesses that generally have annual revenues of less than $5 million)
$4B

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 Southern Connecticut through our partnerships with local organizations like Connecticut Foodshare.

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.

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 Bruce Museum, Fairfield Museum, Mattatuck Museum & Aldrich Museum here in Southern Connecticut.
Through Museums on Us^®, we offer our cardholders free general admission to 4 local museums during the first full weekend of every month.

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 Neighborhood Housing Services of New Haven and the Wakeman Boys & Girls Club.
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