BANK OF AMERICA
Bank of America has mobilized approximately 1,000 of its small business relationship bankers to reach out to thousands of their customers impacted by Hurricane Sandy this week.
“We are making every effort possible to connect with our customers in the affected areas,” said David Darnell, Bank of America, co-chief operating officer. “These are our customers, we know them, and we are in a good position to help them assess their immediate needs.”
“Based on what we have already heard from customers,” continued Darnell, “we project they will need $2.5 billion in additional credit, and we are prepared to provide that on favorable terms to help them recover from the storm. If those needs increase, we will be there. We are committed to getting them through this difficult time.”
Impacted customers should contact their small business banker, client manager, Twitter @bofa_help, call 1.855.729.1764 or stop by any branch for assistance.
Ways Bank of America is helping small business customers
Many of our customers will face financial hardship and will be in need of assistance as a result of Hurricane Sandy. Under the company's disaster relief program, Bank of America customers affected by severe storms and floods in Rhode Island, New Hampshire, Maine, Massachusetts, Connecticut, New Jersey, New York, Pennsylvania, Delaware, Maryland, Virginia and Washington, D.C., may qualify to:
Bank of America will also automatically refund certain fees incurred between Monday, October 29 and Monday, November 5 for Consumer and Small Business customers in the above states. These fees include:
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with approximately 5,500 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
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