bank of america

Bank of America, logo

WILMINGTON, Del. (AP) - Bank of America is donating nearly $600,000 in grants to Delaware nonprofits for affordable housing and community revitalization.

The News Journal of Wilmington, Del., reports the bank is giving $90,000 to Habitat For Humanity of New Castle County to help build homes for lower-income residents.

Stephen Bailey, executive director and chief executive officer of the Grand Opera House, says the theater is receiving $75,000 for youth educational performances, income-based scholarships and programs.

 

            The Bank of America could give Delaware’s economy a boost 500 additional jobs…at its credit card business over the next three years.

            The announcement comes even as the financial institution has been downsizing its workforce.

            Chip Rossi, the bank’s Delaware Market president, hailed the move telling the Wilmington News Journal that this was a great day for the state.