Russellville native Heather Albright was named president of Bank of America’s Arkansas operations earlier this year, becoming one of the state’s prominent banking leaders.
And it’s only fitting. After all, women make up 50 percent of Bank of America’s global workforce, more than 40 percent of its managers and 35 percent of its board of directors.
“Our senior leaders are driving and deploying the bank’s resources to address local social concerns to create economic opportunity and mobility, as well as build strong communities,” Albright said. “We also are committed to supporting the health, safety and engagement of our associates.”
With 19 financial centers across the state, including five affiliated Merrill Lynch offices in Little Rock, Fort Smith, Hot Springs, Jonesboro and Rogers, Bank of America is committed to Arkansas.
“We’re a global financial institution yet we meet client needs at a local level — the best of both worlds,” Albright said. “We are enormously proud of our $1.25 billion, five-year commitment to help local communities address economic and racial inequality accelerated by the global pandemic. As part of that commitment, we have made equity investments in several minority depository institutions (MDIs) and community development financial institution (CDFI) banks across the country, including Southern Bancorp, here in Arkansas.”
Bank of America has 290 employees in Arkansas, and Albright is proud of their collective commitment to better their communities and help Arkansans navigate the challenges of the past year.
“From a community perspective, we are proud to partner with several local nonprofits responding to added demands for services including health care, childcare, education and job training and housing, among others,” she said. “We also know that many Arkansans have felt stress in their financial lives as a result of the pandemic, and we have focused on providing financial guidance to help families recalibrate their budget, understand government relief resources, plan for a safety net and more practical tips.”
Helping Arkansans achieve their personal and business goals is what drives Bank of America Arkansas.
“We strive to connect everything our company offers to our clients’ personal and financial goals by providing tailored solutions to fit their needs,” Albright said. “We’re a global company operating locally by personally helping our customers, clients and communities thrive. We are helping Arkansas’ small businesses grow by extending more than $180 million in credit and have helped Arkansas homeowners by providing $110 million in home loans in the last 12 months.”
Bank of America employees and their commitment to customers have made Albright’s transition to Arkansas president an easy one.
“Our talented and knowledgeable team enables us to deliver our capabilities for the benefit of our customers and clients across Arkansas,” she said. “In every situation, we’re committed to growing responsibly and sustainably ensuring everything we do aligns to our purpose of helping people live better financial lives.”