Program proven to help individuals improve their overall financial health by building savings, reducing debt, and improving their credit score

DETROIT — Bank of America is expanding HOPE InsideTM, a program in partnership with Operation HOPE, offering free, in-person financial coaching services in select Bank of America Metro Detroit financial. The program, now available in 17 markets nationwide, is designed to help people build savings, improve their credit scores and decrease debt.

In Metro Detroit, 10 BofA financial centers now offer one-on-one financial health sessions with a HOPE Financial Wellbeing Coach, available in-person and virtually, including:

· 25001 Van Dyke Ave., Center Line (Van Dyke Ave. and E. 10 Mile Rd.)

· 13024 Michigan Ave., Dearborn (Michigan Ave. and Hartwell St.)

· 13020 W. Warren Ave., Dearborn (W. Warren Ave. and Hartwell St.)

· 4001 8 Mile Rd., Detroit (8 Mile Rd. and Livernois St.)

· 3031 E. Grand Blvd., Detroit (New Center One at W. Grand Blvd. and 2nd Ave.)

· 17540 Grand River Ave., Detroit (Grand River Ave. and Longacre St.)

· 13900 Livernois, Detroit (Livernois and Oakman Blvd.)

· 3670 Woodward Ave., Detroit (Woodward Ave. and Mack Ave.)

· 1950 Dix Hwy., Lincoln Park (Southfield Rd. and Dix Hwy.)

· 25177 Greenfield Rd., Southfield (Greenfield Rd. and W. 10 Mile Rd.)

In addition to the comprehensive credit and money management counseling HOPE Inside™ coaches provide, Metro Detroit clients can also participate in financial education workshops with Bank of America’s Better Money Habits guides, tools, and content on topics including establishing and repairing credit; budgeting, savings and money management and home buying.

“Good financial health is at the root of strong communities. We are committed to ensuring more communities have access to solutions and resources that help them achieve a healthy financial future,” said Matt Elliott, President, Bank of America Michigan. “Operation HOPE and the HOPE InsideTM program help our clients build solid financial foundations by working with them to address short-term issues and plan for long-term financial goals.”

Operation HOPE has served more than four million people and directed more than $3.2 billion in economic activity into disenfranchised communities — turning check-cashing clients into banking clients, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers and uncertain disaster victims into financially empowered disaster survivors.

“Bank of America and HOPE Inside have already had a real, measurable impact on the financial health of so many individuals,” said John Hope Bryant, Chairman and CEO, Operation HOPE, Inc. “The expansion of HOPE Inside is proof that empowering individuals with the knowledge and resources to navigate financial planning can have significant results on individuals, families, and communities.”

The HOPE Inside™ program was successfully piloted in four financial centers in Atlanta and Los Angeles before expanding to 15 initial markets. The results were clear: By the end of 2022, participants had on average improved their FICO scores by 21 points, increased their yearly savings by $4,313, and reduced their annual debt by $837. Counseling is available in both English and Spanish at most locations. For more information, visit www.OperationHOPE.org.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATM, and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking, and trading across a broad range of asset classes, serving corporations, governments, institutions, and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories, and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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