Former Army Medic Receives Keys to Home as Bank of America Celebrates 2,000 Property Donations to Nonprofits Serving Military...
July 22 2016 - 11:00AM
Business Wire
Bank Has Doubled Original Commitment of 1,000
Homes
Retired U.S. Army Sergeant and medic Seth Musikant received keys
to a renovated mortgage-free home in this Rochester suburb today,
becoming the latest recipient of a home donated by Bank of America
through the Military Warriors Support Foundation (MWSF).
Today’s ceremony represents the 2,000th home Bank of America has
donated to recipients who have served in the military, which is
more than any other bank. Bank of America also doubled its original
goal to donate 1,000 properties through nonprofit organizations for
veterans and their families who have housing needs.
“Our property donation program has been one of the most unique
ways we have assisted and thanked those who have served in the
military and sacrificed for our country,” said Larry Washington,
Strategic Portfolio Management executive for Bank of America. “The
team at Bank of America is committed both to revitalizing
communities and helping U.S. veterans return to civilian life.”
“Housing is a key component in our mission to provide support
for our nation’s combat-wounded heroes and Gold Star families as
they transition out of the military and into civilian life,” said
Casey Kinser, vice president of programs for MWSF. “Bank of
America’s generous donations of properties help us carry out our
mission and honor our nation’s heroes.”
Musikant entered the army in 2004 at age 19 with the specific
intent to become a combat medic and “help get soldiers home safe to
their families during deployments.” He served two tours of duty,
first in Baghdad, Iraq from 2005 through 2006 and later in Kirkuk,
Iraq from 2007 through 2008. During each deployment, he was injured
by detonations of improvised explosive devices, suffering traumatic
brain damage and other injuries. His injuries and combat zone
experiences resulted in post-traumatic stress disorder, and today,
he is recovering with care and support. In addition to the Purple
Heart, he counts the Army Commendation Medal for Valor among his
military awards.
Musikant is engaged to Sarah Taylor, and the couple will
relocate to the Rochester area from Antwerp, N.Y., where their
family lives. Since leaving the army, Musikant has earned a
master’s degree in health administration and hopes to use his
degree in a local health facility after relocating. Taylor plans to
attend a nearby university to complete her degree.
Veterans in 48 states have received keys to refurbished homes
through Bank of America’s property donation program. Military
Warriors Support Foundation, USA Homeownership, Green Extreme
Homes, Purple Heart Homes and Nehemiah Reinvestment Coalition are
among the organizations partnering with the bank. Properties are
donated to the nonprofits, which identify the home recipients and
provide related services, such as financial counseling.
Across all of the company’s community revitalization programs,
Bank of America has donated more than 5,800 homes and properties to
nonprofits, land banks and municipalities since 2012.
Bank of America has supported the U.S. military with banking
services for more than 90 years, and currently serves more than 2
million active and veteran military customer households. The
company is committed to helping veterans while on active duty, and
as they transition back to civilian life, including the goal to
hire 10,000 veterans and Guard and Reservists during the next few
years. Bank of America also supports the military community
nationwide through philanthropic contributions to military-focused
nonprofits and volunteering. The bank has provided more than $17
million in financial support to military nonprofits since 2009, and
company employees volunteered more than 55,000 hours at military
events last year.
Military Warriors Support FoundationMWSF is a 501(c)3
non-profit, founded by retired Army Lt. Gen. Leroy Sisco in 2007.
MWSF’s Mission is to provide support for our nation’s combat
wounded heroes and Gold Star families as they transition out of the
military and into civilian life. Their programs focus on housing
and homeownership, employment, as well as recreational activities
and travel assistance. For more information on MWSF and all of
their programs, please visit www.MilitaryWarriors.org.
Bank of AmericaBank 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
47 million consumer and small business relationships with
approximately 4,700 retail financial centers, approximately 16,000
ATMs, and award-winning online banking with approximately 33
million active accounts and more than 20 million mobile active
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
owners through a suite of innovative, easy-to-use online products
and services. The company serves clients through operations in all
50 states, the District of Columbia, the U.S. Virgin Islands,
Puerto Rico and more than 35 countries. Bank of America Corporation
stock (NYSE:BAC) is listed on the New York Stock Exchange.
Visit the Bank of America newsroom for more Bank of America
news.
www.bankofamerica.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160722005491/en/
Reporters May Contact:Jumana Bauwens, Bank of America,
1.800.796.8448pressroom@bankofamerica.com
Bank of America (NYSE:BAC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bank of America (NYSE:BAC)
Historical Stock Chart
From Sep 2023 to Sep 2024