Small Business Finance News

Bank Of America To Hire New Small Business Focused Staff

Written by Jenna Weiner
Published: 10/15/2010

BofA to add 1,000 new staff members by 2012

In an effort to increase its focus on small business lending, one of the largest banks in the country is taking big steps by adding new staff.

Entrepreneur Financial News

Bank of America announced that it would add more than 1,000 new small business bankers by the start of 2012. The added personnel will serve small business owners looking to gain funding for their companies and allow them to get more one-on-one time to better have their questions answered.

The announcement was made by BofA president and CEO Brian Moynihan while speaking at the Chief Executive Club of Boston during a luncheon.

"Small businesses play a critical role in driving innovation and growth in our economy, and the steps we're taking at Bank of America will help create more certainty, more confidence and more opportunity for small businesses in all of our markets," said Moynihan. "Our small business bankers will live and work in the communities they serve, making them uniquely qualified to work with these businesses and provide the best combination of financial services to help them grow."

This isn't the first time that Bank of America has made news for small business in recent months. A few weeks ago, the bank announced that it would be funding grants of more than $3.7 million to Community Development Financial Institution.

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