Bank of America supports returning troops and veterans

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by New Day Producers

KING5.com

Posted on November 5, 2013 at 12:00 PM

Updated Tuesday, Nov 5 at 2:02 PM

More than 250,000 service men and women will leave active duty this year. Many will face an array of needs that can be addressed by parnterships including non profits and our business communities. With Veteran's Day coming next Monday (November 11), we're spotlighting what Bank of America and its community and business partners are doing to help military families here in Western Washington.

Christi Gordon, Bank of America's Corporate Social Responsibility Manager, Puget Sound, joined Margaret to talk about what the bank and its community and business partners are doing to help address the needs of military families, as well as servicemembers who are transitioning to civilian life.

Trevor Cobb, U.S. Army Veteran and Bronze Star recipient for his life-saving actions in Iraq, shared how he transitioned from his twelve years as an Army officer, to his position now with U.S. Trust Bank of America Private Wealth Management.

George White, Public Relations and Communications Manager with Tacoma Goodwill shared how the nonprofit supports servicemembers and families, with job training programs and other services. He also spotlighted their "Round Up for Veterans" campaign this weekend (November 8 - 11) to raise money to fund these programs and services. To learn more about the "Round Up for Veterans" campaign, as well as locations of Goodwill locations in the South Sound taking part, please click here.

Resources:

Bank of America Military Support website

Bank of America's "Express Your Thanks" campaign

Connect with Bank of America on Facebook.  Follow on Twitter: @BofA_Community

Here's additional information about Bank of America's commitment to the U.S. military:

  • Bank of America has supported our U.S. military for more than 90 years, and today we serve more than 2 million military customers through the Military Overseas Banking Division which offers special services and rates on a variety of credit and banking products.
  • As a company, Bank of America understands the challenges our military men and women face when returning to civilian life. Our special Military Advisory Group guides our company’s efforts on reintegrating service members into the civilian workforce through four key areas: education, employment, wellness and housing.
  • In the community, we also connect with service members and their families through partnerships with nonprofits, and our employees also volunteer their time and expertise to support these organizations.
Bank of America's commitment to helping servicemembers transfer military/wartime skills to civilian jobs:

  • This is one of the most critical issues facing returning soldiers, and locally, Joint Base Lewis-McCord anticipates transitioning 400- 700 service members per month over the next 10 years.
  • Bank of America is working to address these needs in a variety of ways, including placing a priority on military hiring. Bank of America hired about 1,600 last veterans last year and are on a similar hiring trajectory for hiring this year.
Other areas where Bank of America is supporting the troops:

  • As they seek to help stabilize communities that have been impacted by foreclosure, Bank of America has committed to donating at least 1,000 properties to military service members and their families through our partnerships with nonprofits like Wounded Warrior Project and Military Warriors Support Foundation.  They’ve made several property donations here in Washington State.
  • Managing changing streams of income often presents challenges for veterans leaving active duty.  This spring, members of Bank of America's Merrill Lynch team in Seattle held a financial wellness seminar to address those challenges. They plan to hold more of these in the future as well.
  • Since early summer, Bank of America has been collecting Expressions of Thanks for our troops from everyone across the country.  This culminated in Bank of America donating $1 million to Wounded Warrior Project and Welcome Back Veterans to help service members and veterans succeed here at home. 

 

 

 

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