BofA Commits $10 Million in Capital for Residents and Small Businesses Impacted by L.A. Wildfires [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
LOS ANGELES Dec. 22, 2025 /PRNewswire/ -- As Los Angeles continues its efforts to rebuild, Bank of America is announcing $10 million in zero-interest loans to Community Development Financial Institutions (CDFI) for ongoing housing, nonprofit facilities, and small business assistance. The loans will be managed through three west coast CDFIs involved in the region's disaster recovery efforts following the devastating Eaton and Palisades fires. Clearinghouse CDFI (CCDFI) will use its fire-designated funding to finance property acquisition or single-family home development undertaken by nonprofit partners. It will also make capital available to small businesses for rebuilding expenses that outpace insurance proceeds and for the funding to resume operations. Genesis LA makes loans to support homeownership, economic development, and nonprofit facilities in the Altadena and Pasadena areas. It is working with various Altadena stakeholders to acquire vacant lots for redevelopment, with no
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BAC
Earnings
- 10/15/25 - Beat
BAC
Sec Filings
- 12/19/25 - Form FWP
- 12/18/25 - Form 424B2
- 12/18/25 - Form FWP
- BAC's page on the SEC website