5:19 PM Eastern - Tuesday, April 28, 2009

Bank of America Events in Florida Today: Time to Take Back the Economy

Momentum is building for real reform to take place at Bank of America.

Today thousands of taxpayers will tell Bank of America it's time for reform - and for CEO Ken Lewis to be fired - by gathering at "Take Back the Economy" events around the country. The purpose of these events is to show Bank of America it's time for reform - you can collect "taxpayer proxy cards" that we'll deliver to Bank of America's annual meeting on Wednesday.

What kind of impact does Bank of America have in Florida? Here are the facts:

Bank of America is the largest bank in the United States, with an estimated $2.3 trillion in assets and counts almost 1 in 2 households as customers. Bank of America is also the country's second largest issuer of credit cards. In Florida, Bank of America is the second largest bank and largest mortgage lender.

Bank of America is one of the largest small business lenders in the state, with more than 87,629 loans to small businesses totaling $1.4 billion.

Bank of America has put taxpayers on the hook for as much as $200 billion in bailout money, making it one of the top two recipients. And, it's estimated that Bank of America costs Florida taxpayers an additional $5.4 million annually for uninsured and underinsured employees who are forced to rely on publicly-funded state health care programs.

Bank of America in Florida by the numbers:

Branches: 656

Deposits (2008)
Deposits: $69.4 billion
Deposit Rank: 2

Mortgages (2007)
Mortgages: 122,149
Mortgage Value: $26.1 billion
Mortgage Rank (2006): 1

Small Business Loans (2007)
Total Small Business Loans: 87,629
Total Small Business Loan Value: $1.4 billion

Employees
Branch Workers (est): 5,520
Healthcare Cost to Taxpayers (est): $5.4 million

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