Facts & Resources

Bank of America Donates More Than 240 Properties in Florida to Nonprofit Organizations Supporting Military Veterans and Their Families

Three Home Donations to Mark Independence Day Holiday Week

Thursday, July 3, 2014 11:00 am EDT



Public Company Information:

"It builds on our commitment to neighborhood stabilization, as well as our longstanding support of military service members across the country."

Bank of America has donated more than 800 homes in Florida to nonprofit partners that support affordable housing and community stabilization; 240 of those homes were donated to nonprofits that support military service members, veterans and their families.

Three new home dedications are taking place this week honoring three veterans and their service to our country. The veterans will receive the keys to their newly renovated homes, which will be provided mortgage-free by the Military Warriors Support Foundation in partnership with Bank of America.

“The property donation program is an important aspect of our commitment to support our veterans and the communities where we work and live,” said Mike Fields, Florida state president for Bank of America. “It builds on our commitment to neighborhood stabilization, as well as our longstanding support of military service members across the country.”

The bank works closely with nonprofit organizations that identify the home recipients and provide related services, such as financial counseling. Nonprofit partners include Military Warriors Support Foundation, HomeStrong USA and Habitat for Humanity.

On Tuesday, July 1, retired Army Sgt. Marcus Ziegler and his family received their mortgage-free home in Cocoa. Ziegler served from January 2008 to June 2013. He deployed to Iraq and Afghanistan and while in Afghanistan, Ziegler sustained multiple injuries when the vehicle his unit was riding in struck an Improvised Explosive Device (IED). He received a Purple Heart, Combat Action Badge and National Defense Service Medal, among other distinguished awards for his service.

On Wednesday, July 2, retired Army Staff Sgt. Socheat Mom and his family received the keys to their mortgage-free home in Clermont. Mom served from October 2007 to April 2014. While deployed in 2012 to Afghanistan, he was attacked by a suicide bomber. Though he was wounded, Mom courageously assisted his fellow soldiers who were also impacted by the attack. For his bravery under enemy fire, Mom received an Army Commendation Medal with a "V" Device denoting valor and a Purple Heart.

On Thursday, July 3, retired U.S. Marine Corps Corporal Michael Leslie will receive a home in Auburndale. He joined the Marine Corps his junior year of high school with the delayed entry program and served from June 2005 to July 2008. While his unit was deployed to Iraq in 2006, Leslie was wounded by an IED. He received a Purple Heart and Combat Action Ribbon for his service.

These donations expand on the bank’s three-year goal to donate 1,000 properties nationwide to nonprofits that focus on military members and first responders. In April, Bank of America surpassed that commitment – more than a year ahead of schedule – and announced it will continue the program. Bank of America has provided financial services to military personnel since 1920 and currently serves more than 2 million active or veteran military households. Bank of America employs approximately 7,000 veterans, Guard and Reservists, and in February made a commitment to hire 10,000 more over the next several years.

Last year, Bank of America provided more than $23 million in housing-related grants to nearly 900 nonprofits around the U.S.

Bank of America
Bank of America is a leading financial institution, serving individual consumers, small businesses, 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 approximately 49 million consumer and small business relationships with approximately 5,100 retail banking offices and approximately 16,200 ATMs and award-winning online banking with 30 million active users and more than 15 million mobile 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 approximately 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 listed on the New York Stock Exchange.

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Reporters May Contact:
Kelly Sapp, Bank of America, 980-386-9514
Matthew Daily, Bank of America (Southeast), 404-607-2844