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TheStreet Open House

Bank Of America Recognized For Exemplary National Guard And Reserve Support

Stocks in this article: BAC

Bank of America has been named a 2013 Secretary of Defense Employer Support Freedom Award recipient, the highest recognition given to companies for support of their employees who serve in the National Guard and Reserve.

“We recognize the unique skills and experiences that National Guard and Reserve employees bring to our company, and that’s why we place such value on attracting, developing and retaining them,” said Andrea Smith, Global Human Resources executive at Bank of America. “We employ some 6,000 veterans, Guard and Reserve members, 1,600 of whom were hired last year. We’re working hard to increase that number, and the level of support we provide.”

Freedom Award winners are recognized for their implementation of formal policies and informal initiatives that go above and beyond in assisting and encouraging National Guard and Reserve service. In 2012, Bank of America established the Military Affairs Advisory Group, an internal team dedicated to coordinating programs across the company focused on supporting Guard and Reserve employees, and veterans. In addition, the company works with these employees through the Military Support & Assistance Group, a resource that creates opportunities for advancement and leadership development through networking, mentoring and information forums.

Bank of America also supports the military through contributions to service-focused nonprofit organizations such as the George W. Bush Institute Military Service Initiative and Wounded Warrior Project (WWP), and by providing differentiated banking services for service members. In 2012, the company broadened its efforts by announcing a three-year commitment to make up to 1,000 properties available to nonprofits and local government programs that provide homes for veterans and first responders.

“I commend and thank the 15 recipients of the 2013 Secretary of Defense Employer Support Freedom Award for providing exceptional support to our Citizen Warriors,” said Defense Secretary Chuck Hagel. “So many of our Nation’s employers are finding ways to contribute to our Nation’s security, but these employers stand out for their commitment to our Guardsmen and Reservists. They have the gratitude and thanks of the entire Department of Defense.”

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