BofA raises U.S. minimum hourly wage to $25, increasing starting salary to more than $50K Bank of America has raised its U.S. minimum hourly wage to $25 per hour. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to more than $50,000. The increase, which goes into effect in [...]
Three essential strategies for proactive cybersecurity defense for your company By Frank LaCosta, Bank of America Treasure Coast Recognizing and managing cybersecurity risk is an essential part of maintaining business operations and retaining the trust of clients, partner organizations and the public. Threats evolve, but these fundamental cybersecurity objectives can help keep your business protected [...]
72% of young adults take action to improve their financial health Confronted with higher living costs, 72% of young adults take action to improve their financial health Gen Z (ages 18-28) is finding adulthood more expensive than expected. Facing this, nearly three quarters of them are taking action to improve their financial health, according to [...]
iTHINK & IR Habitat host dedication and big surprise iTHINK Financial Community Foundation, in partnership with Indian River Habitat for Humanity, held a dedication ceremony for a newly furnished home provided to single mother Amy Shaw and her five children. The house is part of Habitat for Humanity's efforts to provide affordable housing in the [...]
Clients Embrace New $10 Million Limit in U.S. Real-Time Payments Recent action from The Clearing House to increase the transaction limit on real-time payments from $1 million to $10 million is fueling new use cases in business-to-business payments among Bank of America clients. The bank is one of the first financial institutions to enable its [...]
60% of homeowners and prospective buyers uncertain about the housing market Uncertainty among current homeowners and prospective buyers is at a three-year high, with 60% saying they can’t tell whether now is a good time to buy a home or not, compared to 48% two years ago, according to the latest Bank of America Homebuyer [...]
Vero Beach Chamber board welcomes Dan Hoey The Vero Beach Chamber board welcomes Dan Hoey as a new board member. Dan is a Notary Public With over 25 years of experience in telecommunications marketing, he built a career centered on supporting customers and sales teams in launching and sustaining innovative products. His expertise in strategy and [...]
BofA to open 150 financial centers by 2027 Bank of America will open more than 150 new financial centers across 60 markets by the end of 2027, including 40 this year and an additional 70 in 2026. Since 2016, Bank of America has invested over $5 billion in its financial centers network, opening new locations [...]
BofA awards critical funding for conservation of historic artworks Bank of America’s Art Conservation Project began in 2010 to help address the critical need to preserve artwork for future generations. Since then, more than 275 grants have been awarded in 40 countries to conserve paintings, sculptures, works on paper, manuscripts and archeological pieces. This year’s [...]
Bank of America introduces Balance Assist, a new short-term, low-cost loan Bank of America introduced Balance Assist™, a revolutionary new solution that provides a low-cost way for clients to manage their short-term liquidity needs, borrowing only the amount they need, up to $500. Balance Assist is the latest offering in a comprehensive selection of financial solutions and [...]