Bank of America

We’re proud to be the bank of choice for Hispanic-Latino clients and businesses. About one in every three checking accounts opened with us are by Hispanic-Latino clients. In addition, we continue to support our Hispanic-Latino clients' financial wellness– whether that is through programs like Mejores Hábitos Financieros™ (Better Money Habits) where we provide free, online tools and education to help build financial literacy, by delivering complete investment and wealth management solutions or helping them grow their businesses. We continue to invest in the Hispanic-Latino communities we serve and are delivering on our commitment to advance racial equality and economic opportunity for people and communities of color with a focus on affordable housing, health, jobs, and small business. Examples include: We committed $500 million in equity investments to more than 150 minority- and women-led funds. Of the funds we have currently in our portfolio, 21% are led by Hispanic-Latino managers. We’ve closed investments in 23 minority depository institutions (MDIs) and CDFI banks – for example working with Ponce Bank in the South Bronx which provides financial services to the Puerto Rican community. We’ve invested $60 million in BIPOC affordable housing developers, a first-of-its kind fund supporting Enterprise’s Equitable Path Forward initiative. We continue to partner with UnidosUS on the Latinos in Finance program and increased our investment in 2021 by $1 million to expand the program to 18 markets to help Hispanic-Latinos navigate career pathways in financial services. Through our $25 million signature jobs initiative, we are working with four Hispanic-Serving institutions, to up-skill and reskill Hispanic-Latino and Black individuals through partnerships with 21 higher education institutions, of which 10 serve primarily Hispanic-Latino Students, including Baruch - The City University of New York (CUNY); Arizona State University – Downtown Phoenix; University of Puerto Rico - Rio Piedras; and Florida International University. In partnership with 12 Hispanic Serving Institutions (HSIs) and education firm EAB, we launched the Progresando initiative to help Hispanic-Latinos achieve upward economic mobility through careers in healthcare, while also helping to increase representation and address the shortage of culturally sensitive, Spanish-speaking health providers.