Bank of America Opens New Financial Center in City Ridge

Tenleytown’s City Ridge development is home to Washington, DC’s newest Bank of America financial center, at 1 Ridge Square, NW. The sleek new facility offers clients high-tech and high-touch solutions including access the bank’s local and nationwide networks of financial professionals to meet their banking, borrowing, and investment needs.

The Ridge City financial center brings the bank to nearly 140 locations across the Greater Washington, DC region. This opening further delivers on the bank’s mission to bring retail, banking, lending, and small business services to local clients, along with investing and personalized financial guidance from Merrill with support from over 2,400 employees regionally.

Washington, DC clients also have access to Bank of America’s industry-leading digital services, including virtual financial assistant Erica, financial planning tool Life Plan®, and the Zelle money transfer network. Nearly 1.3 million clients in Greater Washington, DC use Bank of America’s digital services to better access their finances.

Investing in Greater Washington, DC

Bank of America is committed to fostering responsible growth that improves the financial lives of individuals, families, and communities, investing millions across the Capital region in 2022 through innovative community health support, workforce development, affordable housing and economic revitalizations projects, and more.

Investing in Teammates

Bank of America is well on its way to delivering on its promise of increasing its hourly minimum wage to $25 by 2025. The company also subsidizes approximately 75% of employee health care costs, which means capital area employees will be eligible for the company’s benefits that have an average value of almost $17,000. The firm also offers matching 401(k) contributions of up to 5%, and an annual company contribution of up to 2% of pay after one year with the company.