Bank of America, one of Plano's largest employers with about 6,566 workers in the city according to Plano's 2025 annual financial report, plans to bring on 1,000 more apprentices in the next two years and spend $150 million over five years on outside workforce training groups.
Chair and CEO Brian Moynihan talked about the plan during a Sept. 29 visit to upstate New York, where he spoke at the Anderton Economic Policy Symposium at Hobart and William Smith Colleges in Geneva. The Rochester Business Journal reported on the visit Oct. 5. The bank first announced the commitments in late September.
The apprenticeship expansion
The new positions come on top of the more than 800 apprentices the bank already hires each year in areas including consumer banking, operations and technology. According to the bank, roughly 40% of the people it hires now lack a four-year degree. The bank has separate commitments to hire 10,000 more people with military backgrounds over five years and 8,000 people from community colleges.
The $150 million will go to organizations in the bank's markets that provide job training, coaching and connections to employers. Bank of America said it spent nearly $40 million on similar work in 2025 through more than 100 colleges and universities and more than 600 nonprofits.
