December 22, 2025 at 9:00 AM Eastern
B of A Commits ten million dollars in Capital for Residents and Small Businesses Impacted by Los Angeles Wildfires
Funding to Three C D F Is Provides Additional Small Business Lending, Housing Assistance as Fire Recovery Continues
LOS ANGELES, California – As Los Angeles continues its efforts to rebuild, Bank of America is announcing ten million dollars in zero-interest loans to Community Development Financial Institutions (C D F I) for ongoing housing, nonprofit facilities, and small business assistance. The loans will be managed through three west coast C D F Is involved in the region’s disaster recovery efforts following the devastating Eaton and Palisades fires.
“Having extensive experience supporting clients and communities through various disasters over the years, Bank of America is uniquely positioned with the expertise, capital and connections to support Los Angeles’s next chapter. Today’s ten million dollars capital investment will be allocated by our C D F I partners who have been on the ground supporting these impacted communities. As Angelenos continue our long-term recovery following the January fires, our zero-percent capital helps the C D F Is offer lower interest financing for families and business owners to recover and rebuild,” said Raul Anaya, Head of Local Markets Strategy and President, Bank of America Los Angeles.
As the nation’s largest private C D F I investor, with two billion dollars in loans, deposits, capital grants and equity investments across more than 250 C D F I partners, Bank of America this year began to utilize its C D F I lending platform to allocate capital for disaster recovery needs in Asheville following Hurricane Helene and following the floods in Texas Hill Country.
These capital investments by Bank of America build on the company’s ongoing efforts to address the evolving needs of impacted clients and communities, most recently announcing its Rebuild Solution to help qualifying mortgage clients rebuild their homes. The bank will also rebuild its destroyed financial centers in Altadena and Pacific Palisades; and continues to award grants. So far, three point five million dollars in philanthropic grants have been distributed to local nonprofits for fire and business support, in addition to thought leadership and employee volunteerism provided to foundations and nonprofits.
For more information on Bank of America’s relief efforts, go to our L A Rebuild page.
Bank of America is one of the world’s leading 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 nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 A T Ms (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, 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 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (N Y S E B A C) is listed on the New York Stock Exchange.
Colleen Haggerty, Bank of America
Phone: one two one three six two one seven four one four
colleen.haggerty@bofa.com
December 22, 2025 at 9:00 AM Eastern
B of A Commits ten million dollars in Capital for Residents and Small Businesses Impacted by Los Angeles Wildfires
Funding to Three C D F Is Provides Additional Small Business Lending, Housing Assistance as Fire Recovery Continues
LOS ANGELES, California – As Los Angeles continues its efforts to rebuild, Bank of America is announcing ten million dollars in zero-interest loans to Community Development Financial Institutions (C D F I) for ongoing housing, nonprofit facilities, and small business assistance. The loans will be managed through three west coast C D F Is involved in the region’s disaster recovery efforts following the devastating Eaton and Palisades fires.
“Having extensive experience supporting clients and communities through various disasters over the years, Bank of America is uniquely positioned with the expertise, capital and connections to support Los Angeles’s next chapter. Today’s ten million dollars capital investment will be allocated by our C D F I partners who have been on the ground supporting these impacted communities. As Angelenos continue our long-term recovery following the January fires, our zero-percent capital helps the C D F Is offer lower interest financing for families and business owners to recover and rebuild,” said Raul Anaya, Head of Local Markets Strategy and President, Bank of America Los Angeles.
As the nation’s largest private C D F I investor, with two billion dollars in loans, deposits, capital grants and equity investments across more than 250 C D F I partners, Bank of America this year began to utilize its C D F I lending platform to allocate capital for disaster recovery needs in Asheville following Hurricane Helene and following the floods in Texas Hill Country.
These capital investments by Bank of America build on the company’s ongoing efforts to address the evolving needs of impacted clients and communities, most recently announcing its Rebuild Solution to help qualifying mortgage clients rebuild their homes. The bank will also rebuild its destroyed financial centers in Altadena and Pacific Palisades; and continues to award grants. So far, three point five million dollars in philanthropic grants have been distributed to local nonprofits for fire and business support, in addition to thought leadership and employee volunteerism provided to foundations and nonprofits.
For more information on Bank of America’s relief efforts, go to our L A Rebuild page.
Bank of America is one of the world’s leading 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 nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 A T Ms (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, 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 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (N Y S E B A C) is listed on the New York Stock Exchange.
Colleen Haggerty, Bank of America
Phone: one two one three six two one seven four one four
colleen.haggerty@bofa.com
.jpg/_jcr_content/renditions/original){kind=logo}
