Bank of America

Patented: Netflix’s Streaming Media Techniques and More North Texas Inventive Activity

Dallas-Fort Worth ranked No. 9 for patents out of 250 metros for the week of June 4, 2024. 153 patents granted include: 7-Eleven's feedback and training for a machine learning algorithm configured to determine customer purchases during a shopping session at a physical store, Apple's enhanced RACH (random access channel) design for 5G CIoT (cellular internet of things), ATT Intellectual Property I's facilitation of voice over new radio for 5G or other next generation network, Avohdah's automated gesture identification using neural networks, Bank of America's dynamic unauthorized activity detection, and more.
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Bank of America Supercharges The DEC Network Mission with $120K for Entrepreneurs of Color Fund
Formally known as the Entrepreneur of Color Credit Enhancement Fund, the program will provide loan guarantees and loan-readiness assistance to growth-oriented businesses.
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The Last Word: JPMorgan’s Elaine Agather on DFW’s Growing Global Financial Impact
by | Jan 18, 2024
In a recent end-of-2023 article titled Wall Street’s Seismic Shift Propels Dallas Past Chicago, LA, Yahoo! Finance noted that "Dallas saw three of Wall Street’s largest banks start on new campuses this year, cementing their bets on one of the fastest-growing metros in one of the fastest-growing states."
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Bank of America Awards $1M Grant to Fort Worth’s National Juneteenth Museum
by | Jul 25, 2023
"The National Juneteenth Museum will be a social and economic anchor in Fort Worth that will serve as a catalyst for community education and growth," Mike Pavell, Bank of America Fort Worth president, said in announcing the $1 million grant.
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Home Loan Servicer Mr. Cooper Appoints EVP/Chief Legal Officer

by | Feb 23, 2023

Carlos M. Pelayo has been appointed executive vice president and chief legal officer of Coppell-based Mr. Cooper Group Inc.

Pelayo will lead the company’s legal department and corporate governance functions and will serve on the executive leadership team. Mr. Cooper is one of the largest home loan servicers in the nation and delivers a variety of servicing and lending products, services, and technologies....

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Santander Consumer USA Names President of Chrysler Capital & Auto Relationships
by | Jan 27, 2023

Dallas-based Santander Consumer USA Inc. announced that Betty Jotanovic will be president of Chrysler Capital and Auto Relationships where she will be responsible for all aspects of Santander Consumer’s Chrysler Capital and Auto Relationships.

Jotanovic will report to Bruce Jackson who recently was named head of the Santander US Auto business and CEO of Santander Consumer....

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Bank of America Contributes Nearly $4M to North Texas Nonprofits in 2022
by | Dec 28, 2022
Bank of America has donated nearly $4 million to North Texas nonprofits this year, including local food banks and two 2022 Bank of America Neighborhood Builder® awardees.
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Bank of America Invests $900K to Support North Texas Nonprofits
by | Nov 9, 2022

Bank of America announced that it has invested nearly $900,000 to support nonprofits in North Texas that focus on community needs such as affordable housing, community revitalization, small business, and the arts.

The funds should help nonprofits already beleaguered by the COVID-19 pandemic to overcome the effects of inflation.

“Dallas nonprofits dedicate their time and energy to solve the complex societal challenges, build up our neighbors in need, and promote economic advancement,” Jennifer Chandler, Bank of America Dallas president, said in a statement....

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Follow the Money: Fort Worth Biotech Raises $16M, VC Firm Raises $25M for Debut Fund, S2 Capital Surpasses Blackstone as Region’s Most Active Multifamily Investor, and More

by | Jul 15, 2022
Plus, Dallas real estate startup Nada raises $5.7M, Arlington's Wonder Works Studios raises $5.53M, Exela Technologies in talks to sell off $200M-revenue business unit, PE firm Crossplane Capital closes $325M second fund, and more North Texas deals.
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New Age Capital Raises $25M for Debut Fund to Invest in ‘Historically Underfunded Founders’
by | Jul 14, 2022
Co-founded by Dallasite LaDante McMillon and Brooklyn-based Ivan Alo, New Age Capital has raised $25 million for its debut fund. Formed in 2016, New Age focuses on seed-stage rounds for startups with Black and Hispanic founders.

Looking ahead, New Age wants to be the “go-to institutional VC firm” in their space.
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Texan by Nature CEO Says ‘The Future Is Innovation.’ Here’s Why Today Is Our Slowest Day
by | Dec 16, 2021
The nonprofit is uniting industry and conservation as we move faster and faster towards progress.

How do we radically shape the future? In November, the Laura Bush-founded Texan by Nature hosted a conservation summit to tackle the topic. CEO Joni Carswell urged an audience of innovators, collaborators, and changemakers to “Ask yourself ‘what if?’ Do something different and new and more.”

Here are takeaways.
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Bank of America Invests $200K to Continue Dallas’ B.U.I.L.D. Collaborative Small Business Grant Program
by | Nov 30, 2021
Broadening Urban Investment to Leverage Dallas (B.U.I.L.D.)—launched last year by the City of Dallas, DEC@Redbird, and more than 200 Dallas County business service organizations—will continue its grant program that serves as a catalyst to Southern Dallas’ small business owners of color and women business owners.
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Metro Dallas Homeless Alliance Raises $10M for Historic ‘Rapid Rehousing’ Program

by | Oct 18, 2021
The private donations by local companies and foundations are for the Dallas R.E.A.L. Time Rapid Rehousing initiative. Its goal: house more than 2,700 homeless people and families over the next two years. The $10M in private funds will complement $62M in federal funds allocated by local governments and DHA, the North Texas housing authority.
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Bank of America Set a Company Record for Patents Granted In the First Half of 2021. One Big Reason? Addison’s Manu Kurian.
by | Sep 1, 2021
Bank of America had a company-record 227 patents granted during the first half of 2021. One of its biggest inventors? Addison-based Global Banking SVP Manu Kurian, who ranks in the top 300 patent holders on earth. He's filed more than 360 patents since 2014, with more than 240 of those having been granted.
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Coworking Adapts to Survive and (Eventually) Thrive
by | Nov 29, 2020
Local coworking firms use different approaches to deal with COVID challenges.
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Dallas-Fort Worth Leads the Nation in Apartment Demand for Q3 2020
by | Nov 28, 2020
The DFW multifamility market also led in the second quarter with modest gains due to government stay-at-home orders.
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