Grassroots Group Protesting Bank of America Meeting

May 8, 2012

Some Charlottesville residents are not happy with the way big banks do business, so they're heading down to Charlotte, NC to relay the message in person at Bank of America's shareholder meeting.

The grassroots group Virginia Organizing is challenging Bank of America's practices on three fronts: foreclosures, predatory lending and tax reform. This comes after members delivered a letter to a local branch of the big bank in February expressing disappointment in some of its policies and procedures.

Many protesters say they used to be Bank of America customers but have switched over to local credit unions in the last few years.

"They prey on people whom they like to turn around and call their customers," claimed protester Becky Thomas. "Their annual report says something about that they will work very hard to generate profits and keep the stock price up. They have done that over the last five years, and very much at the expense of their customers."

The letter is part of an ongoing Move Our Money/Confront Corporate Power campaign encouraging people to move their money from big banks to small community banks and credit unions.

A spokesperson from Bank of America was not immediately available for comment.

The comments sections of are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 150667085 -
Gray Television, Inc.