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BofA Hiring 1,000 Small Business Bankers

Bankers are being hired in Dallas, Los Angeles, Baltimore and Washington, D.C.

NEW YORK (

TheStreet

) --

Bank of America

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is hiring over 1,000 small business bankers, according to a bank statement.

BofA is planning to hire small business bankers in Dallas, Los Angeles, Baltimore and Washington, D.C. to "give these communities more access to experts," according to the statement. The bank announced that they would make the hires by early 2012.

The bank also announced it provided $45.4 billion in credit to small and medium-sized companies and wants to increase lending by $5 billion by the end of 2010.

"Small businesses play a critical role in driving innovation and growth in our economy, and the steps we're taking at Bank of America will help create more certainty, more confidence and more opportunity for small businesses in all of our markets," said Bank of America CEO Brian Moynihan in the press release.

Last month, President Obama

signed legislation that provides $42 billion in loan incentives and tax cuts for small businesses.

--Written by Maria Woehr in New York.

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