BAC

Bank of America doubles support for Veteran Loan Fund to Aid Growth of Veteran-Led Small Businesses throughout Texas

Retrieved on: 
Wednesday, November 8, 2023
Bank, Community development financial institution, Bank of America, Small business, NYSE, Military personnel, New Markets Tax Credit Program, Veteran, Spouse, BAC, Digital, Risk management, Community development, Enterprise Community Partners, CDFI, Investment, SBA, Nidec-Shimpo America Corporation, SCORE, Real estate

AUSTIN, Texas, Nov. 8, 2023 /PRNewswire/ -- PeopleFund is honored to be one of twelve Community Development Financial Institutions (CDFIs) announcing the expansion of the Veteran Loan Fund, with Bank of America as the lead capital investor. Bank of America is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel across 37 states.

Key Points: 
  • Bank of America is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel across 37 states.
  • "PeopleFund is deeply proud of representing the Veteran Loan Fund in Texas," said Gustavo Lasala, President and CEO of PeopleFund.
  • PeopleFund, an Austin-based CDFI and managing member of the Veteran Loan Fund, helps underserved veteran entrepreneurs across the state of Texas.
  • Close to 30% of this lending activity took place since July 2021 and was supported by the Veteran Loan Fund.

BofA Doubles Support for Veteran Loan Fund to Aid Growth of Veteran-Led Small Businesses

Retrieved on: 
Wednesday, November 8, 2023
Bank, Bank of America, Small business, NYSE, Military personnel, Community development financial institution, Organization, Veteran, Entrepreneurship, Spouse, BAC, Digital, Risk management, Community development, CDFI, Nidec-Shimpo America Corporation, SCORE, Real estate

NEW YORK, Nov. 8, 2023 /PRNewswire/ -- Bank of America is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel that have created or retained more than 3,000 jobs across 37 states. The fund's first $15 million round, closed in 2022, was deployed in less than 12 months.

Key Points: 
  • The Veteran Loan Fund is a national collaborative of a growing number of Community Development Financial Institutions (CDFIs) and specialized veteran service organizations providing responsible capital and technical assistance to underserved veteran entrepreneurs.
  • The fund offers an online platform that connects military veterans and their spouses with mission-focused lenders and education partners to help them build and sustain small businesses.
  • "Many veterans have the drive, discipline and leadership skills to fuel small business growth but lack the funding or network to help them grow.
  • "Access to responsible capital is a key issue for military veteran entrepreneurs," says Grant Bennett, Director of Veteran Programs and Operating Manager of the Veteran Loan Fund.

Cannabix Completes Initial Electronics Testing on Contactless Alcohol Breathalyzer, Commences International Certification Plans

Retrieved on: 
Tuesday, November 7, 2023
Weather, DUI, Mining, RFID, Laboratory, OTC, Nintendo Wi-Fi Connection, Amazon Web Services, Certification, Organization, Maintenance, CSE, Calibration, Data management, BAC, CAB, QAI, AWS, Test management, Blood alcohol content, Agriculture, EMC, Mobile phone, Online shopping

In particular, engineers successfully completed preliminary electromagnetic compatibility (EMC), emissions, immunity testing and vibration testing at QAI with the Cannabix CAB device.

Key Points: 
  • In particular, engineers successfully completed preliminary electromagnetic compatibility (EMC), emissions, immunity testing and vibration testing at QAI with the Cannabix CAB device.
  • The CAB workplace series (industrial version) is now being prepared for international alcohol standards testing.
  • An increasing number of employers are taking proactive measures to safeguard their workers and their operations by implementing alcohol testing procedures.
  • Workplace testing instances typically include random testing, start-of-shift testing, pre-employment testing, return-to-work testing, post-incident testing, reasonable cause testing, and pre-promotion testing.

Safety Shot’s Highly Anticipated Wellness Beverage that Reduces Blood Alcohol Content Set to Launch First Week of December 2023 at www.DrinkSafetyShot.com & www.Amazon.com

Retrieved on: 
Monday, October 30, 2023
Spindrift, Albertsons, Walmart, Anheuser-Busch, Target, Safety, CNS, BAC, Kroger, Moa, Marketing, Restaurant, Mineral, Blood, Keurig Dr Pepper, Blood alcohol content, Central nervous system, Costco

The Company plans to launch business-to-business sales of Safety Shot to distributors, retailers, restaurants, and bars in the first quarter of 2024.

Key Points: 
  • The Company plans to launch business-to-business sales of Safety Shot to distributors, retailers, restaurants, and bars in the first quarter of 2024.
  • Safety Shot’s launch is boosted by the Company’s engagement of Advantage Solutions, which deploys its expansive sales, marketing, and technology solutions to ramp and grow sales.
  • A recent study of the nutraceutical functional beverage version of Safety Shot, set to launch in December, reduced blood alcohol content (BAC) within 30 minutes.
  • A more concentrated, prescription version of the Safety Shot formula is being developed as a detox product for alcohol poisoning.

Spontaneous Family Wealth Discussions and Decisions Can Lead to Regrets, Finds Merrill Study

Retrieved on: 
Thursday, November 2, 2023
Taboo, Wealth, FDIC, Bank of America, Small business, Bank, NYSE, Family, Research, Investment, BAC, Nature, Trust, Digital, Risk management, Risk, Merrill (company), Merrill, Bank of America Corporate Center, Birth control, Tutoring, Cryptocurrency, Financial adviser

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- Nearly four in five wealthy families have had unplanned discussions about wealth with 26% later regretting it, according to a new study published by the Merrill Center for Family Wealth™, a part of Merrill Private Wealth Management. The research found 33% of families increased family conversations about wealth since the Pandemic; however, many families dive in without a plan, process, or skills to make well-intended conversations productive. This can lead to unintended stress, potential family rifts and under-functioning heirs.

Key Points: 
  • NEW YORK, Nov. 2, 2023 /PRNewswire/ -- Nearly four in five wealthy families have had unplanned discussions about wealth with 26% later regretting it, according to a new study published by the Merrill Center for Family Wealth™, a part of Merrill Private Wealth Management.
  • 78% of families who recently had conversations about family wealth said the discussion came up spontaneously.
  • The Merrill Center for Family Wealth (the Center), a highly specialized group within Merrill Private Wealth Management, works closely with families to develop the skills and processes for more productive family wealth conversations and effective decision-making.
  • In its report on the study findings, the Center provides recommended guidance based on years of experience facilitating family wealth discussions, particularly among families with substantial wealth, complex dynamics or circumstances.

New York City Entrepreneurs Selected for Small Business Spotlight at Bank of America Winter Village at Bryant Park

Retrieved on: 
Friday, October 27, 2023
Bank, Woman, Bank of America, Small business, NYSE, 520 West 41st Street, Sixth Avenue, 1924 Colored World Series, Face, BAC, Learning, Digital, Growth, Risk management, Partnership, New Yorker, Creative, Nidec-Shimpo America Corporation, Tourism, Black

NEW YORK, Oct. 27, 2023 /PRNewswire/ -- Bank of America today announced the four New York City-based women and/or minority-owned business beneficiaries of this year's Bank of America Small Business Spotlight program at the iconic Bank of America Winter Village at Bryant Park. Each business will showcase and sell their products at a rent-free booth in the Bank of America Winter Village Holiday Shops for over two weeks each. Offering these local entrepreneurs and businesses the opportunity to reach new customers at one of the city's top winter shopping and tourist destinations, Bank of America will cover shop rent and coordinate the basic build-out of the shop.

Key Points: 
  • NEW YORK, Oct. 27, 2023 /PRNewswire/ -- Bank of America today announced the four New York City-based women and/or minority-owned business beneficiaries of this year's Bank of America Small Business Spotlight program at the iconic Bank of America Winter Village at Bryant Park .
  • The guidance, support, and encouragement I received from Bank of America, Bryant Park, and Urbanspace staff extended far beyond my time at Bank of America Winter Village at Bryant Park."
  • Another former Small Business Spotlight vendor, Putrice Thomas, Artist & Founder, Cocoa Puzzles, said, "Participating in the Bank of America Small Business Spotlight program in 2022 was an incredible journey.
  • Kalsang Chomphel, Founder, Kalsang Pottery, a returning business to the Bank of America Winter Village at Bryant Park Holiday Shops and former Small Business Spotlight vendor, said, "The opportunity Bank of America's Small Business Spotlight gave us has been crucial in finding our place within New York City's marketplace for business.

Brunswick Corporation Re-Defines Marine Consumer Financing with the Launch of Brunswick Finance, a New Private Label, Digital Retail Financing Solution

Retrieved on: 
Wednesday, October 25, 2023
BAC, Kingstreet Investments Ltd v New Brunswick (Finance), Wells Fargo, Corporate services, NYSE, Ecosystem, Brunswick Corporation, Security (finance), Financial adviser

The new solution that will be launched prior to the end of the year, will be accessible through the Brunswick Finance portal and offers end-to-end integration across the boat buying ecosystem, from applying for pre-qualification to underwriting, finalizing agreements and e-signing for loans.

Key Points: 
  • The new solution that will be launched prior to the end of the year, will be accessible through the Brunswick Finance portal and offers end-to-end integration across the boat buying ecosystem, from applying for pre-qualification to underwriting, finalizing agreements and e-signing for loans.
  • “Brunswick Finance immediately improves the consumer finance experience for our channel partners and will fundamentally change and simplify the purchase process, offering competitive rates and ensuring a seamless transaction,” said Bijoy Jha, Vice President - Brunswick Financial & Business Services.
  • Brunswick Finance brings together Aqua’s retail financial services with inventory financing solutions provided by Wells Fargo.
  • “We are proud to join forces with Brunswick Corporation to offer a superior customer experience for Brunswick dealers and consumers,” said Kurt Grossheim, CEO, Aqua Finance.

BofA Second Annual More Rewards Day to Take Place on Thursday, November 9

Retrieved on: 
Tuesday, October 24, 2023
Bank, Merchant cash advance, Bank of America, Small business, Holiday, NYSE, Cyber Monday, Multimedia, BAC, Black Friday, Digital, Risk management, Credit, Nidec-Shimpo America Corporation, Cryptocurrency

CHARLOTTE, N.C., Oct. 24, 2023 /PRNewswire/ -- Bank of America announced it will celebrate clients on Thursday, November 9, 2023, with its second annual More Rewards Day – a single day during which bank credit cardholders can earn even more rewards on their purchases. Consumer and Small Business cardholders earned approximately $25 million in extra rewards during More Rewards Day in 2022.

Key Points: 
  • Consumer and Small Business cardholders earned approximately $25 million in extra rewards during More Rewards Day in 2022.
  • "Once again, we are hosting More Rewards Day to help cardholders easily earn more bonus rewards while buying the things they need for the holidays.
  • Bank of America Preferred Rewards members will earn their Preferred Rewards bonus on their purchase amounts as usual, but not on the incremental bonus earned for the More Rewards Day promotion.
  • If customers are enrolled in Preferred Rewards, they will earn the Preferred Rewards bonus on the purchase amount(s).

New Study Demonstrates Safety Shot Significantly Reduced Blood Alcohol Within 30 Minutes Compared to Control

Retrieved on: 
Thursday, October 12, 2023
Mouth, Volunteering, Blood alcohol content, BAC, Fresh water, Throat, Safety

JUPITER, FL, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) today reported results from a product test of Safety Shot™, the world’s first patented beverage that helps people feel better faster by reducing blood alcohol content and boosting clarity.

Key Points: 
  • JUPITER, FL, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT) today reported results from a product test of Safety Shot™, the world’s first patented beverage that helps people feel better faster by reducing blood alcohol content and boosting clarity.
  • Immediately following the tests, volunteers drank 6 ounces of Safety Shot and waited 30 minutes before repeating the same sobriety tests.
  • The control participants then took a breathalyzer test, waited at least 30 minutes without a drink (were not administered Safety Shot), and took a second breathalyzer test.
  • The results indicate that Safety Shot significantly reduced the percentage of BAC faster on average relative to the control group which was not administered Safety Shot.

Gen Z is Tightening its Belt, with 73% Modifying Lifestyles Due to Inflation

Retrieved on: 
Friday, October 13, 2023
Probability, Knowledge, Multimedia, Retirement, NYSE, Family, BAC, PDF, Risk management, Gen, Retail banking, Cooking, Small business, Bank of America Corporate Center, Bank of America, Environment, Baby boomers, Friends, Africa-America Institute, Digital, Ipsos, Bank, Woman, Habit, Research, Retail, Online shopping, Tobacco, Generation Z

CHARLOTTE, N.C., Oct. 13, 2023 /PRNewswire/ -- Today, 85% of Gen Zers cite one or more barriers to achieving financial success. Topping the list is the higher cost of living, cited by 53% of respondents to Bank of America's annual Better Money Habits survey (PDF). The new research provides timely insights into approaches this younger generation is taking to gain its financial footing in the current economic environment.

Key Points: 
  • Over the past year, nearly three out of four (73%) Gen Zers say they've changed their spending habits due to increased prices.
  • According to the Bank of America Institute, a significant gap opened in the last year between spending by younger and older generations.
  • While Gen Z women continue to save more than Gen Z men, fewer Gen Z women are investing (11% vs. 18% of men) and feel equipped to save for retirement (40% vs. 51% of men).
  • For more Bank of America news, including dividend announcements and other important information, register for email news alerts.