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LEAD
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a strong focus on environmental, social and governance (ESG) leadership. This enables us to serve clients, deliver long-term value through sustainable results to our shareholders, and address some of society’s greatest challenges. Our focus on ESG enables us to drive opportunities and manage risks across our company, helps us define how we mobilize our capital and resources, and informs our business practices and how and when we use our voice in support of our values. Through our commitment to ESG principles, we build trust and credibility as a company people want to work for, invest in, and do business with. Learn more at about.bankofamerica.com, and connect with us on Twitter @BofA_News.
PLATINUM
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Wells Fargo sees CDFIs as a vital contributor to a thriving small business ecosystem and has been working with them for more than 20 years. Through collaboration with OFN and more than 90 CDFIs nationwide, the Wells Fargo Diverse Community Capital program has offered $1.6 billion in financing and 1.8 million hours of technical assistance to diverse entrepreneurs, helping to preserve 195,000 jobs. Most recently, Wells Fargo announced a $400 million small business recovery effort called the Open for Business Fund, which is engaging CDFIs and community organizations to reach small businesses hardest hit by COVID-19.
GOLD
BBVA offers direct equity investments and equity-equivalent investments (EQ2s) to help capitalize CDFIs in the markets where we have local branches and offices. As part of our 6 year, $15 billion Community Commitment, BBVA will fund more than $100 million in equity and equity equivalents to CDFIs. BBVA is a national leader in the deployment of capital to CDFIs, which helped us earn an Outstanding CRA rating from the Federal Reserve Bank of Atlanta.
At Truist, our purpose is to inspire and build better lives and communities. Every day, the pursuit of better drives us—to empower clients with more choice, teammates with more fulfillment, and communities with more hope. We boldly believe in the power of what we can achieve together. With 275 years of combined BB&T and SunTrust history, Truist offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S.
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2020 OFN VIRTUAL CONFERENCE