Bank of America Directed More Than $13 Million to Native American Communities Hardest Hit by the Coronavirus in 2020
Bank of America Corporation (BAC)
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Source: Business Wire
Funding Aided Health, Hunger, Jobs & Small Business as Company Continues Focus on Advancing Racial Equality and Economic Opportunity CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America today announced that it directed more than $13 million in 2020 to Native American communities across the U.S. disproportionately impacted by the coronavirus. The funds included capital investments into Native American Community Development Financial Institutions (CDFIs) and philanthropic grants to nonprofits and institutions focused on meeting health, hunger and jobs-related needs in Native American communities as part of the bank’s overall efforts to advance economic opportunity and racial equality. Bank of America also donated personal protection equipment (PPE) masks, gloves and hand sanitizer to Native American communities last year.Among the investments were $10 million to Native American Bank, the only national American Indian-owned community development bank in the country, to provide capital fo
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