The banking industry has faced its fair share of struggles over the past few years, needing a bailout from taxpayers and drawing the ire of many for overly risky practices. However, in recent months, some of the leading financial institutions are hiring more workers in an effort to help business owners.
In Oregon, Bank of America announced plans to hire 15 new small business bankers, with eight of the new positions for locations in the Portland area. The added staff will help entrepreneurs gain access to resources to help them stay in business and increase profits.
"Now more than ever, small business owners are turning to their bank for more than just a checking account and a line of credit," said Craig Christenson, BofA's small business banker manager for Oregon. "Business owners are looking to their banker as a dedicated resource who knows their business and can effectively navigate the unique and complex demands their company faces."
The firm is also planning on hiring workers overseas. Mother Jones reports that the bank is planning to add staff in the Philippines, where wages are significantly lower than the United States.