KNOXVILLE – Bank of America recently announced an increase to its military hiring, committing to add 10,000 more individuals with military backgrounds over the next five years as the bank strengthens its focus on skills-based hiring and its commitment to creating new opportunities, and supporting the growth of the U.S. economy. The bank also said it plans to increase its hiring from community colleges, committing to 8,000 new hires over the next five years, and create 700 financial center jobs in new growth markets across the country.

"Bank of America’s commitment to expanding opportunity through skills-based hiring is an exciting step forward – not just nationally, but right here in Knoxville. With a strong local team serving our community, we’re proud to be part of a company that’s investing in people and helping build pathways to meaningful careers," said Terry Cline, Bank of America Knoxville Market President.

This is the company’s latest step – following its minimum wage announcement – to expand economic opportunity nationwide. Bank of America is committed to a skills-first approach to hiring and investing in its people through a lifelong commitment to training and development via its Academy. The company’s focus on workforce development is reflected in its broad-based hiring practices, which includes hiring those who do not have four-year college degrees, military veterans, and individuals from community colleges.

Here in Knoxville, Bank of America has 110 employees and 4 local financial centers, where many of these starting-pay roles are housed.