Bank of America has established an innovative community and economic development program that combines loans and investments that focus on affordable housing, small business venture growth, and commercial/economic development. Called NationsBank Neighborhood Funds, the program builds on the long and rich history of NationsBank Corporation to continue a tradition of leadership in helping communities, their residents and businesses reach their full potential.
"Bank of America's success in helping our neighborhoods grow stems from our ability to integrate a wide variety of lending and investment products tailored to meet the needs of clients in every aspect of community development," said Doug Woodruff, Community Development executive. "Our leadership in this area has its roots in the company's predecessor institutions. With the creation of this program that will fund economic and community development efforts throughout our franchise, we honor NationsBank and its history of leadership in helping neighborhoods succeed." Press Blue Button for the Bank of America website.
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