(Memphis, TN – September 18, 2023) – Bank of America has partnered with Knowledge Quest to reach the Memphis community and help boost residents’ financial wellness. The bank is bringing a mobile financial center to Gaston Park and Community Center on Monday, October 2, 2023, to provide local residents convenient access to financial education, credit counseling, meetings with specialists and the latest digital banking capabilities. The on-site hub offers free education and advice from specialists and credit counselors on managing finances to help families and business owners build their financial acumen on how to save, spend, borrow and invest to reach their goals.
“At Bank of America, our core mission is to grow and protect the financial wellbeing of our clients and the communities we serve,” said Trevia Chatman, president, Bank of America Memphis. “Through our community-centered approach, we focus on helping our neighbors wherever they are on their financial journey by building trust, confidence and financial know-how.”
The mobile financial center will be on-site at Gaston Park and Community Center, located at 1044 S. 3rd Street, 38106 from Monday, October 2, 2023, to Friday, October 6, 2023, and open from 10:00 a.m. – 2:00 p.m. The center will offer:
- Financial education classes and specialty workshops on topics ranging from basic budgeting and banking, saving, building healthy credit, homebuying and starting and growing a business. These sessions will be facilitated by certified Bank of America employees through Better Money Habits® resources and tools.
- Access to Operation HOPE financial wellbeing counselors who will host sessions focused on money management and credit to help clients build customized plans and solutions for creating budgets, increasing savings and improving credit scores.
- On-site financial specialists, including business solutions advisors and home lending advisors, to help provide tailored financial solutions and advice on individual needs.
- Digital Expo highlighting and featuring Bank of America’s mobile and online banking capabilities and solutions. Visitors can also try the Financial Literacy Simulator, where they learn to save, build credit and budget real-life monthly bills and commitments through an online gaming experience.
Since 2018, Bank of America has invested over $3.6 million in greater Memphis through grants to local nonprofits and employee matching to further support the community.
Bank of America’s mobile financial center in Memphis will be parked at 1044 S. 3rd Street, 38106, and will be open to the community until Friday, October 6, 2023.
For more information and to register for a class or workshop, visit rsvp.bankofamerica.com/client/1365.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs, and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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Reporters May Contact:
Anu Ahluwalia
anu.ahluwalia@bofa.com