Bank of America commits $1B to combat economic, racial inequalities

Bank of America Corp. is committing $1 billion to address economic and social disparities heightened during the Covid-19 pandemic. The bank, which announced the four-year commitment earlier this week, will address four areas: job training, health, small businesses and housing. Bank of America (NYSE: BAC) is the No. 1 bank in Massachusetts, based on deposits, with over $78 billion in local deposits in 2019, according to FDIC data. Bank of America NYSE: BAC) is focusing on minority communities that…