North Carolina News
Banking & Finance | North Carolina
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Bank of America Corporation has announced that its Board of Directors approved regular cash dividends for the first quarter of 2025 on several series of preferred stock.
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Banking & Finance
Matt Reilly named president at Bank of America's New Hampshire operations
Bank of America has announced the appointment of Matt Reilly as President of its New Hampshire operations.
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Banking & Finance
Bank of America announces full redemption of Series MM preferred stock
Bank of America Corporation has announced the full redemption of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM, along with the corresponding depositary shares.
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Bank of America head: 'The data from our report tells two stories – one of balance growth, optimism from younger employees and maintaining contributions, contrasted with a trend of increased plan withdrawals'
Bank of America published its Q2 2023 Participant Pulse on Aug. 8, revealing a rise in average 401(k) balances by $7,250 (9.6%) since the close of 2022. The report additionally noted a rising trend of 401(k) participants initiating withdrawals from their plans, according to a press release.
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Economics
2022: North Carolina ranks 15th nationwide for total received in EDA grants, at $89,231,924
In 2022, North Carolina received $89,231,924 in EDA grants for economic development projects, ranking 15th nationwide, according to the US Economic Development Administration (EDA).
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Technology
Landrieu: ‘We all know how essential the internet is in order to access lifesaving telemedicine’ and more
North Carolina is on tap to benefit from $759 million in grants and loans through the U.S. Department of Agriculture that will bring rural communities up to snuff when it comes to such things as high-speed internet.
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Banking & Financial Services
Dimon on NC expansion: ‘We want to think about the next round of things we want to get done’
North Carolina has scored some economic development wins lately, including plans by biotech and electric vehicle companies. Now, JPMorgan Chase is adding its name to the list.
