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EMPLOYER NEWS
Bank of America Names Marc Perez President of Long Island
LONG ISLAND – September 9, 2021 – Bank of America has named Marc Perez as President of Bank of America Long Island. Perez succeeds Bob Isaksen, who held the position for 17 years and will continue in his role as the region’s business banking market executive and an active local leader. As Long Island President, […]
BofA Unveils “VAM 2.0”, an Enhanced Virtual Account Management Solution
Next Gen VAM Delivers Single Global View, Flexibility and Full Integration into CashPro and FX Platforms CHARLOTTE, NC – September 9, 2021 – Following a multi-year investment, Bank of America has launched the next generation of its global Virtual Account Management (VAM) solution to address the growing complexities that treasurers face today when managing global […]
Key4Women and SCORE announce women-owned business pitch contest finalists
10 Northeast Ohio start-up and existing women-owned businesses will compete for $22,000 in awards CLEVELAND, Sept. 7, 2021 /PRNewswire/ — KeyBank’s (NYSE: KEY) Key4Women program and SCORE Cleveland today announced 10 finalists have been selected to compete in a business pitch contest for women-owned businesses (WOBs) located in Northeast Ohio. Selected from a pool of […]
First Indigenous-Developed Clinical Simulation Space Planned at WSU Spokane With Bank of America Grant
SPOKANE, WA – September 1, 2021 – Washington State University Spokane’s (WSU Spokane) Native American Health Sciences (NAHS) program will build what is believed to be the nation’s first indigenous-developed and instructed clinical simulation space at the Center for Native American Health on campus. NAHS will construct 1,045 square feet of clinical space to include […]
PNC Foundation Commits $600,000 To The Center For Urban Families and Coppin State University In Baltimore
Support to help support economic empowerment of African Americans, low- and moderate-income communities BALTIMORE, Sept. 1, 2021 – The PNC Foundation locally has committed $300,000 to the Center for Urban Families (CFUF) and $300,000 to Coppin State University over a three-year period, as part of the financial institution’s broader commitment to provide more than commit $1 […]
Read Davis, Renee Keen named to leadership positions with McGriff
CHARLOTTE, N.C., Sept. 1, 2021 /PRNewswire/ — Truist Insurance Holdings today announced the following two appointments to senior leadership roles at McGriff, its retail insurance business, effective immediately. Read Davis, currently president of McGriff’s Georgia region, will become CEO, McGriff Specialty and Middle Market, while Renee Keen, the business’ National Personal Lines & Small Business practice leader, will assume the position of CEO, […]
PNC Bank Announces Minimum Pay Rate Increase
Minimum Hourly Rate Jumps to $18.00 PITTSBURGH, Aug. 30, 2021 /PRNewswire/ — PNC Bank announced that it will bring its minimum pay rate from $15 to $18 per hour, beginning Nov. 22, 2021. This represents a 20% increase from the bank’s current $15 minimum rate and is more than double the national minimum wage of […]
Truist commits $1 million to the Henry Louis Aaron Fund to support HBCU students and alumni
Truist continues to build better lives and communities to advance diversity and inclusion ATLANTA, Aug. 27, 2021 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) today announced the Homers for Hank program, a five-year commitment to donate $755 to the Henry Louis Aaron Fund for every home run hit by the Atlanta Braves, totaling a minimum […]
Why U.S. Bank is taking an ownership stake in two fintech venture capital firms
We are investing in the future of fintech and accelerating our dedicated fintech engagement team. A new startup company is created every six seconds. Minneapolis, MN – August 26, 2021 – That sheer volume is just one of the reasons U.S. Bank has a dedicated fintech engagement unit, which analyzes the industry to find, evaluate […]
PNC Bank Continues Retail Expansion With Entry Into Miami
MIAMI, Aug. 24, 2021 – PNC Bank today announced the opening of its first retail branch in Miami-Dade County at the iconic 28-story 800 Brickell Avenue office tower in Miami. The new 3,400-sq.-ft. location features an array of digital banking capabilities, including a video banking machine in the drive-thru and a self-service ATM in the […]
Truist and EVERFI bring no-cost early literacy digital education to teachers, families and communities nationwide
New program tackles reading losses of youngest learners to address systemic financial and workforce disparities tied to illiteracy CHARLOTTE, N.C. and WASHINGTON, Aug. 24, 2021 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) and EVERFI Inc., the leading Impact-as-a-Service™ education innovator, today announced all elementary students nationwide will soon have access to WORD Force Universe, a […]
Fifth Third Private Bank Introduces Business Transition Advisory Team
Frieda Rakhman leads team as managing director of strategic client development CINCINNATI, August 19, 2021 —Fifth Third Private Bank, a division of Fifth Third Bank, N.A., has announced the creation of the Business Transition Advisory team, dedicated to preparing business owners financially and personally for a business transition or liquidity event. Leading the team is […]
Goldman Sachs to Acquire NN Investment Partners
NEW YORK, August 19, 2021 – The Goldman Sachs Group, Inc. (“Goldman Sachs”) today announced that it has entered into an agreement to acquire NN Investment Partners from NN Group N.V. for approximately €1.6 billion1. The transaction is expected to close by the end of the first quarter of 2022, subject to regulatory and other […]
Schwab Announces Pay Increase for Employees
WESTLAKE, Texas, August 19, 2021–(BUSINESS WIRE)– The Charles Schwab Corporation today announced it is implementing a special five percent pay increase for employees in recognition of their unwavering service to clients and each other throughout the pandemic. “Our teams’ focus and dedication have resulted in outstanding results for our clients and growth for the company,” […]
Anaplan Arms OZON with Platform to Support Expansion
San Francisco, CA, August 19, 2021 — The global e-commerce market is booming, fueled by consumers who favor convenience and digital delivery services that make it easy to buy everything—from clothes and household goods to groceries and cars—without ever having to leave your home. For OZON, one of Russia’s leading e-commerce players, this rapid market […]
PNC Pledges $20 Billion In Environmental Finance
Environmental finance goal builds on longstanding commitments to reduce environmental impact, transition to a low carbon economy and leverage resources to move all forward financially PITTSBURGH, Aug. 18, 2021 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) announced today it is committing $20 billion over five years in support of environmental finance. This […]