Michigan Business Beat | Paul Keifer, Bank of America, Grand Rapids Knapp's Corner Expands

Jeffrey Mosher welcomes Paul Keifer, President, Bank of America, Grand Rapids Opens Knapp’s Corner Financial Center in Grand Rapids, Michigan. Key Points New financial center, celebrated at grand opening event, demonstrates commitment to serving families and businesses in West Michigan BofA has invested nearly $7 million in Grand Rapids in past 10 years; plans to invest $7 million more over next three years. Nationally, Bank of America plans to open 150 financial centers by 2027 GRAND RAPIDS, MICHIGAN – Bank of America opened the Knapp’s Corner Financial Center, at 2300 E. Beltline Ave. NE in Grand Rapids today. The opening of the bank’s newest financial center in Michigan demonstrates the bank’s commitment to serve the financial needs of the individuals, families and businesses of the Grand Rapids community. The opening builds on Bank of America’s more than $5 billion investment and the company’s plans to open 150 new financial centers in 2027. The grand opening was celebrated with a ribbon-cutting ceremony and remarks from Holly O’Neill, president of Consumer, Retail and Preferred, and member of Bank of America’s executive management team. The Knapp’s Corner Financial Center is a continuation of Bank of America’s ongoing investments in the West Michigan region. Bank of America has invested almost $7 million in Grand Rapids over the past 10 years, and plans to invest $7 million more over the next three years. With the addition of Knapp’s Corner, BofA now serves clients through six financial centers in Grand Rapids “Our financial center network is core to our business and gives us a strategic advantage — today and going forward,” said Paul Keifer, President, Bank of America West Michigan. “Whether they want an in-person conversation about their retail banking, lending and small business needs, financial guidance from Merrill, or use digital banking capabilities, we will be able to serve West Michigan clients when, where and how they choose to manage their financial lives.” In addition to Keifer, Bank of America leadership attending the grand opening included: — Holly O’Neill, President of Consumer, Retail and Preferred at Bank of America — Wyatt Smith, Senior Managing Director, Global Commercial Banking — Brian Stanton, Managing Director, Consumer Midwest Division Executive The opening of the Knapp’s Corner Financial Center is helping to grow the local economy and strengthen the community. In September, Bank of America announced it raised its U.S. minimum hourly wage to $25 per hour for full-time and part-time employees, bringing the minimum annualized salary for full-time employees to more than $50,000. Bank of America also recently announced its commitment to increase military and community college hiring, creating 700 financial center jobs in new growth markets across the country. Clients in West Michigan also have access to Bank of America’s industry-leading digital capabilities which serve the banking, lending and investing needs of more than 59 million verified digital clients. The new financial centers showcase the latest technology, private offices to assist clients one-on-one, and on-site financial specialists who work as one team to understand a client’s unique priorities and goals, and to provide personalized guidance. Frequently Asked Questions Question: How does this new center help Grand Rapids small businesses grow? Answer: Local business owners can meet in person with dedicated Small Business specialist to access capital, commercial real estate loans and treasury services. Through Bank of America's Business Advantage solutions, entrepreneurs can get expert guidance on managing cash flow and employee benefits to help scale their operations. » Visit MBN website: www.michiganbusinessnetwork.com/ » Watch MBN’s YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/