Bank of America Exceeds $1 Billion in Lending and Investing to C...

Courtesy Small Business Trends  Thu, 11/26/2009 - 17:00

Charlotte, N.C. (PRESS RELEASE – November 26, 2009) — Bank of America today announced it surpassed the $1 billion mark in loans and investments to more than 120 Community Development Financial Institutions (CDFIs) in 37 states.

CDFIs include credit unions, investment funds and niche banks that focus on low-income and disadvantaged communities.

These local institutions have expertise in evaluating risk and lending and investing in small and micro businesses, charter schools, childcare centers, primary health care facilities, projects...


 

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