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 [...]
Bank of America Announces Redemptions of $500,000,000 Floating Rate Senior Notes and $3,000,000,000 3.384% Fixed/Floating Rate Senior Notes, Due April 2026 Bank of America Corporation announced today that it will redeem on April 2, 2025 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2026 (CUSIP No. 06051GKN8) (the “Floating Rate [...]
BofA Community Development Banking delivers $7.8 Billion in financing, creating 12,600 housing units Bank of America Community Development Banking provided $7.8 billion in debt and equity financing last year to help create and preserve 12,600 housing units for individuals, families, seniors, veterans, the formerly homeless and those with special needs. Bank of America helps [...]
Merrill launches Ultra-High-Net-Worth Advisory Group Merrill Wealth Management announced the launch of its Ultra-High-Net-Worth (UHNW) Advisory Group, a team of more than 25 Merrill specialists who will partner with advisors to deliver comprehensive wealth and investment solutions to UHNW clients and connect them to Bank of America’s breadth of capabilities. This Group will help advisors [...]
Renters on the Treasure Coast worry that renting will hurt them in the long-term Knowing when and how to buy a home in the current market can feel like an insurmountable challenge. Between a new report that found renting is cheaper than buying a home in the 50 largest metros and the long-held belief that [...]