Lending, investing and giving in
West Virginia
June 30, 2012 update
Helping West Virginia businesses grow
Small business lending: In the first half of 2012, Bank of America provided over $3.6 million in
new credit to small businesses in West Virginia.
Working with home loan customers
Modifying home loans: Since 2008, Bank of America has provided home loan modifications
for more than one million customers, including 1,829 customers in the state of West Virginia.
This includes 73 home loan modifications for West Virginia customers in the first half of 2012.
Community involvement
Bank of America is empowering consumers, supporting communities and investing in the
economy of West Virginia through philanthropy and volunteerism:
• Grants and matching gifts: In 2011, the Bank of America Charitable Foundation gave more
than $30,950 (including matching gifts from the Bank of America Charitable Foundation)
to help local nonprofit community organizations develop and grow, including those that
provide basic human services such as hunger relief and housing assistance.
• Matching employee donations: In the first six months of 2012, more than $13,005 was
contributed by employees to the local charitable organizations of their choice, and matched
by the Bank of America Charitable Foundation.
• United Way commitments: In 2011, employees pledged $10,883 to the local campaign,
volunteered in food banks, taught financial education and helped critical-needs service
providers in their communities.
Community development lending and investing
(for calendar year 2011)
• Affordable Housing: $121,954,474 in mortgages, loan modifications and financing,
primarily for housing for low- and moderate-income (LMI) individuals and families
• Small Business Lending: $11,933,963 in small-business loans and lines of credit
• Consumer Lending: $1,540,538 in consumer financial services for LMI individuals
and families
• Economic Development: $21,428 in investments to nonprofits, including
many Community Development Financial Institutions (CDFIs), to promote
neighborhood revitalization
Environmental commitment
Bank of America has completed more than $18.5 billion toward its $20 billion, 10-year
environmental goal launched in 2007. Having almost reached this goal, the bank also
announced a new $50 billion, 10-year environmental goal to begin in 2013. In West Virginia,
this contribution includes over $14.5 million in financing for renewable energy and energy
efficiency projects and support of nonprofits focused on climate change.
Bank of America, N.A., Member FDIC. © 2012 Bank of America Corporation. Figures reflect 2011 EOY data.
State facts and figures
ATMs: 1
Merrill Lynch Offices: 4
Heritage
At Bank of America, our heritage is in our name.
Our earliest predecessor, the Massachusetts
Bank, opened for business on July 5, 1784.
In the late 20th century, North Carolina
National Bank began a series of acquisitions
that eventually consolidated several thousand
banks, forming Bank of America. In 2009,
Bank of America’s acquisition of Merrill Lynch
created a premier financial services franchise
with significantly enhanced wealth management,
investment banking and international capabilities.
Generation after generation, the financial
institutions that comprise Bank of America
have played an important role in developing
our communities and growing our economy.
To learn more about our history, please visit
http://message.bankofamerica.com/heritage.
www.bankofamerica.com/local