Select a region below to discover the ways in which large banks help support communities across the state.

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Detroit Ann Arbor Lansing

For more information on our member banks' impact in Michigan, please contact us at:

Michigan

Employees

6,295

New Small Business Loans

$1.11 billion

Home Mortgage Originations

$3.4 billion

Municipal Bond Underwriting

$3.13 billion

Total Deposits

$65.5 billion

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For more information on our member banks' impact in Michigan, please contact us at:

Region: Detroit

Citigroup Lights Up Detroit

In 2013, Citigroup extended $60 million from its balance sheet and developed a $185 million bond to help install or fix lights across Detroit. After the city filed for bankruptcy, Detroit had no money to cover power bills or repair light poles and 40% of the city’s streetlamps were out. The project led to 65,000 streetlights being installed or fixed over two years.

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Region: Detroit

JPMorgan Invests in Detroit’s Economy

In 2019, JPMorgan announced its commitment to invest $200 million in Detroit’s economic recovery by the end of 2022. The new data-driven investment builds on the initial progress that helped boost the city’s recovery through the creation of sustainable loan programs for small businesses like the Entrepreneurs of Color Fund and increased access to affordable housing and job training.

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Region: Detroit

Goldman Sachs Supports Small Businesses in Detroit

Launched in Detroit in 2013, in partnership with Macomb Community College, Oakland Community College and Wayne State University, Goldman Sachs’ 10,000 Small Businesses program helps local entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. Over 465 Michigan small business owners have graduated from the program. Sixty-seven percent of alumni report increased revenues six months after graduating, 47% report hiring employees during the same time period, and nearly 88% of graduates do business with one another.

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Region: Detroit

Morgan Stanley Provides Funding for Hunger-Relief Programs

Morgan Stanley’s partnership with Feeding America allocated $1 million to local food banks in 21 U.S. cities, including Detroit. The Gleaners Community Food Bank of Southeastern Michigan received a $50,000 grant from the Morgan Stanley Foundation to fund its School Food Mobile Pantry Program that provides nutritious food for children and their families in easy-to-access locations, such as local schools.

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Region: Ann Arbor

Morgan Stanley Provides Funding for Infrastructure Improvements at the University of Michigan

In 2017, Morgan Stanley helped the University of Michigan raise $465 million. The funding supported construction of the new Biological Sciences Building, athletic facilities, improvements in the central power plant, health centers, and research buildings. This expansion will allow the university to provide its students with the best tools to succeed in and out of the classroom.

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Region: Lansing

Bank of America’s Philanthropic Contributions in Michigan

Since 2014, Bank of America has provided $14 million in grants and matching gifts to support local Michigan nonprofits and improve economic mobility and community needs throughout the state through the Bank of America Charitable Foundation. The Foundation matched a portion of the $3.5 million pledged by bank employees to Michigan nonprofits and communities. To date, 106,000 employee volunteer hours have been completed in Michigan, as part of the bank’s annual goal of giving 2 million volunteer hours across the company.

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For more information on our member banks' impact in Michigan, please contact us at: