Bank of America Pledges to Increase Small and Medium Business Le...

Courtesy Small Business Trends  Wed, 12/16/2009 - 05:00

Charlotte, N.C. (PRESS RELEASE – December 16, 2009) — Bank of America today announced that it has pledged to increase lending to small- and medium-sized businesses by at least $5 billion in 2010 over 2009’s results.

The pledge was made to President Obama by Bank of America Chief Executive Officer Kenneth D. Lewis at a meeting of key bankers at the White House today.

Through the first three quarters of this year, the company extended more than...

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