Bank of America commits $25 billion for community development in Michigan

Its recent acquisition of Lasalle Bank in hand, Bank of America has announced a major $25 billion investment into community development in Michigan.


The community-development initiative is part of a commitment by Bank of America to invest $750 billion over 10 years in community development.

The company also said it would sustain more than $17 million in combined annual philanthropic giving in Michigan and Illinois by Bank of America and LaSalle.

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