Bank of America invested $13 million in Native communities in 2020
Bank of America directed more than $13 million to Native American communities disproportionately impacted by the COVID-19 pandemic in 2020.

As part of its efforts to advance economic opportunity and racial equity, BofA made a $10 million investment in Denver-based Native American Bank — the only national American Indian-owned community development bank in the country — in support of efforts to provide capital for small businesses, affordable housing, consumer lending, and community facilities such as schools and healthcare clinics.

The financial services company also awarded grants totaling $3.1 million to nonprofits working in Native American communities and to meet needs in the areas of health, hunger, and employment. Nearly half the grants went to local nonprofits in states with some of the highest proportion of Native Americans, including Arizona, Colorado, Oklahoma, and New Mexico.