Bank of America Invests $1.5M in Local Communities for Growth

Bank of America has invested approximately $1,560,000 in Ventura and Santa Barbara counties this year as part of its commitment to promote economic growth and community well-being. The investment takes the form of charitable contributions and sponsorships to local NGOs, which aligns with the bank's objective to remove economic obstacles.

The monies will be used to support a variety of projects, including the development of professional pathways, educational opportunities for adolescents and teens, and aid for new starting firms. Women's Economic Ventures (WEV), a local nonprofit micro-lender assisting female entrepreneurs in responsible growth, has received notable financing and charitable assistance.

Bank of America has also supported local events such as the "Women in Business" awards by sponsoring the Pacific Coast Business Times and the Mission Community Service Corporation's Women's Business Center. Furthermore, the bank was instrumental in assisting MOXI, The Wolf Museum of Exploration + Innovation, in exceeding its annual fundraising targets for STEAM (Science, Technology, Engineering, Arts, and Mathematics) programs benefiting Santa Barbara County kids.

Furthermore, Big Brothers Big Sisters of Ventura County has been chosen as this year's beneficiary of Bank of America's Neighborhood Champion initiative, which will provide multi-year flexible financing and substantial leadership training to develop the Mentor Academy Professional Mentoring initiative.

Midge Campbell-Thomas, President of Bank of America Ventura-Santa Barbara, emphasized the bank's continuous commitment to investing resources and capital for significant impact. Employees at the bank have also made major contributions, donating approximately 43,000 volunteer hours to various causes such as food distribution, financial education programs, and joint efforts with Habitat for Humanity chapters to create affordable homes.