Bank of America is making good on its plan to hire 1,000 small business bankers across the nation by mid-2012. On Monday, the bank announced it is hiring more than 50 small business bankers in New England.
BOSTON – Bank of America is making good on its plan to hire 1,000 small business bankers nationally by mid-2012. On Monday, the bank said 51 of those will be in New England.
Five new hires will be based in Rhode Island, while 32 will be in Massachusetts, including 13 in the greater Boston market. An additional 14 will be brought on board in Connecticut.
The bankers will consult with small business owners at their place of business and assess their companies' deposit, credit and cash management needs, Bank of America said in a news release.
“Our small business bankers will provide business owners in New England with the tools they need to continue to be the engine that drives our local and national economy forward,” Bob Gallery, Massachusetts president for Bank of America, said in a statement.
There are more than 400,000 small businesses in Rhode Island and Connecticut, Bank of America said citing data from the U.S. Small Business Administration.
Bank of America said it extended $6.4 billion in new originations to small businesses in 2011, increasing new credit to small businesses by 20 percent in 2011.
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.