Bank of America says it will donate undecided sum to Trump's inaugural committee-March 2024-www.financetom.com

Bank of America says it will donate undecided sum to Trump's inaugural committee

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Bank of America says it will donate undecided sum to Trump's inaugural committee

Dec 13, 2024 1:53 PM

Dec 13 (Reuters) - Bank of America ( BAC ), the

second-largest U.S. lender, plans to contribute to

President-elect Donald Trump's inaugural committee but has yet

to decide on the amount, a BofA spokesperson said Friday.

BofA, along with JPMorgan Chase & Co ( JPM ), were the two

largest bank contributors to Trump's 2017 inauguration. JPMorgan ( JPM )

representatives declined to comment on Friday.

The inaugural committee plans and finances inaugural events,

including opening ceremonies and parades, galas and balls, but

not the swearing-in ceremony itself, according to the Federal

Election Commission.

Bank of America ( BAC ) contributed $1 million to both Trump's first

inaugural fund and to President Joe Biden's in 2021. JPMorgan ( JPM )

donated $500,000 for Trump's 2017 inaugural festivities.

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