Bank of America today said that it is hiring more than 50 small business bankers in New England to provide guidance and counsel to local small business owners. The additions are part of the company’s previously announced plan to hire 1,000 small business bankers across the nation by mid-2012.
Small business bankers will consult with small business owners at their place of business and assess their companies’ deposit, credit and cash management needs.
Bank of America is hiring 32 bankers in Massachusetts, including 32 in Greater Boston, 14 in Connecticut, and 5 in Rhode Island.
“For well over 200 years, New England has been a pioneer of entrepreneurial innovation, and Bank of America is proud to be supporting the region’s entrepreneurial heritage,” said Bob Gallery, Massachusetts president for Bank of America.
“Our small business bankers will provide business owners in New England with the tools they need to continue to be the engine that drives our local and national economy forward.”
Following a June 2010 announcement, Bank of America increased its spending with small, medium-sized and diverse businesses through a commitment to purchase $10 billion in products and services from those suppliers over five years. Other efforts to help small businesses include a new suite of small business charge cards that give businesses more choice and control over their payment and expense management needs. Additionally, Bank of America has made recent improvements to the bank’s two million small business credit card accounts, such as no penalty rate increases on existing balances. Additional enhancements have been made to the Advisor Alliance retirement plan platform, which serves more than 950,000 people from more than 40,000 businesses. Advisor Alliance combines Merrill Lynch investment and advisory services with a choice of diverse, committed partners to provide competitive record keeping and plan administration services for businesses’ retirement plan needs.
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