Bank Watch

Connecticut lawmakers to Bank of America: Relocate to our state

More than 40 Connecticut lawmakers have invited Charlotte-based Bank of America to relocate to their state. The lawmakers extended the invitation in a letter that cites North Carolina’s House Bill 2.
More than 40 Connecticut lawmakers have invited Charlotte-based Bank of America to relocate to their state. The lawmakers extended the invitation in a letter that cites North Carolina’s House Bill 2. Bloomberg

Hey, Bank of America. Upset over North Carolina’s new public accommodations law? Why not relocate to Connecticut?

That’s the pitch made this week by more than 40 Connecticut lawmakers to the Charlotte-based bank.

“You recently joined business leaders around North Carolina in calling on Governor Pat McCrory to repeal House Bill 2, discriminatory legislation that conflicts with Bank of America’s longstanding corporate commitment to equality and its LGBT workforce,” says the letter sent Tuesday to Bank of America CEO Brian Moynihan and signed by 41 Democratic and Republican members of Connecticut’s General Assembly.

“Bank of America is already a major employer in Connecticut and a valued corporate citizen,” the letter says. “We would welcome the opportunity to work with you to discuss moving to Connecticut, doubling down on your commitment to our shared values.”

Bank of America, which employs roughly 15,000 in Charlotte, has politely declined the invitation.

“We have more than 3,000 teammates in Connecticut and we appreciate the support of the elected officials across the state as reflected in their letter,” Bank of America spokesman Dan Frahm said. “We have no plans to move our headquarters.”

Deon Roberts: 704-358-5248, @DeonERoberts

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