Worcester Business Journal

December 20, 2021-Economic Forecast

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We've been through a lot together and have proved to be resilient. The approaching new year brings with it new possibilities to help our clients, communities and teammates move forward and prosper — safely. Using our industry-leading digital tools, like mobile check deposits, Erica, ® CashPro ® and access to Zelle, ® individuals and businesses are finding it easier to do their everyday banking. Across the country, the expertise of our specialists and our teammates in financial centers is helping clients meet all their financial needs at every stage of their lives. In our communities, we continue to collaborate with local partners, business leaders, experts and academics across the public and private sectors to fuel job growth and financial stability. More than $400 million of our $1.25 billion commitment to advance racial equality and economic opportunity is already supporting diverse small businesses and partners, including many recipients here in Worcester who provide job skilling and hiring programs. We've also increased resources to support our teammates' emotional and financial well-being. Recently, we raised our minimum hourly wage for U.S. employees to $21 per hour, moving closer to our goal of $25 by 2025. My teammates and I look forward to growing existing partnerships and creating new ones as we work together to make a difference. Have a safe and happy holiday season. What would you like the power to do? ® Moving forward together Learn more at bankofamerica.com/worcester Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Bank of America, the Bank of America logo, Erica® and CashPro® are registered trademarks of the Bank of America Corporation. Bank•of•America, N.A. Member FDIC. Equal Housing Lender © 2021 Bank•of•America Corporation. All rights reserved. Edwin T. Shea, Jr. President, Bank of America Worcester

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