Lending, Investing and Giving in South Carolina June 30, 2012 Update

Lending, investing and giving in South Carolina June 30, 2012 update

Helping South Carolina businesses grow Small business lending: In the first half of 2012, Bank of America provided over $45.6 State facts and figures million in new credit to small businesses in South Carolina, a 24% increase over the same State leadership period in 2011. Kim Wilkerson Working with home loan customers South Carolina State President Modifying home loans: Since 2008, Bank of America has provided home loan modifications for more than one million customers, including 11,574 customers in the state of South Banking Centers: 107 Carolina. This includes 683 home loan modifications for South Carolina customers in ATMs: 293 the first half of 2012. Merrill Lynch Offices: 14 Community involvement Bank of America is empowering consumers, supporting communities and investing in the U.S. Trust Offices: 4 economy of South Carolina through philanthropy and volunteerism: • Grants and matching gifts: In 2011, the Bank of America Charitable Foundation gave Heritage more than $1,742,464 (including matching gifts from the Bank of America Charitable Bank of America began serving South Carolina Foundation) to help local nonprofit community organizations develop and grow, including those that provide basic human services such as hunger relief and housing assistance. more than 120 years ago. The Bank of • Matching employee donations: In the first six months of 2012, more than $242,656 Greenwood opened its doors in 1888, began was contributed by employees to the local charitable organizations of their choice, and expanding in the 1950s and emerged in 1969 matched by the Bank of America Charitable Foundation. as Bankers Trust. In 1985, Bankers Trust was • United Way commitments: In 2011, employees pledged $222,502 to the local campaign, purchased by NCNB, a NationsBank predecessor. volunteered in food banks, taught financial education and helped critical-needs service Another predecessor, Citizens and Southern Bank providers in their communities. of South Carolina was created in Charleston in • Volunteer hours: In the first six months of 2012, local employees contributed 2,862 1929, and was purchased by Atlanta, GA-based volunteer hours for maximum community impact. For 2012, the U.S. goal is to exceed C&S National Bank in 1986. In 1991, the merger 1.5 million hours. of C&S/Sovran and NCNB created NationsBank. Community development lending and investing Today, Bank of America is one of the nation’s (for calendar year 2011) largest financial institutions and provides • Affordable Housing: $1,030,848,241 in mortgages, loan modifications and financing, services to half of all American households. primarily for housing for low- and moderate-income (LMI) individuals and families To learn more about our history, please visit • Small Business Lending: $223,535,523 in small-business loans and lines of credit http://message.bankofamerica.com/heritage. • Consumer Lending: $24,421,397 in consumer financial services for LMI individuals and families www.bankofamerica.com/local • Economic Development: $3,416,555 in investments to nonprofits, including many Community Development Financial Institutions (CDFIs), to promote neighborhood revitalization Environmental commitment Bank of America has completed more than $18.5 billion toward its $20 billion, 10-year environmental goal launched in 2007. Having almost reached this goal, the bank also announced a new $50 billion, 10-year environmental goal to begin in 2013. In South Carolina, this contribution includes over $276.4 million in financing for renewable energy and energy efficiency projects and support of nonprofits focused on climate change.