Bank of America (BAC) today confirmed plans that it would hire over 1,000 small business bankers by early 2012.
“Small businesses play a critical role in driving innovation and growth in our economy, and the steps we’re taking at Bank of America will help create more certainty, more confidence and more opportunity for small businesses in all of our markets,” said President and Chief Executive Officer Brian Moynihan during his keynote remarks at the Chief Executive Club of Boston luncheon this afternoon. “Our small business bankers will live and work in the communities they serve, making them uniquely qualified to work with these businesses and provide the best combination of financial services to help them grow.”
BofA said it will expand its small business presence by hiring small business bankers in select banking centers in Dallas, Los Angeles, Baltimore and Washington, D.C., beginning in the fourth quarter of 2010.
Hiring will continue in select locations across the country throughout 2011.
BAC lost $0.77, or 5.76 percent, to $12.52 at 1:07 p.m. in New York Stock Exchange composite trading.