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BofA Clients Had a Record 23.4 Billion Digital Interactions in 2023

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Real-time alerts offer proactive and personalized insights, helping clients know when to log in and manage their financial lives

CHARLOTTE, N.C., Feb. 12, 2024 /PRNewswire/ — As Bank of America continues to personalize digital banking, clients are more frequently connecting with their finances digitally. In 2023, Bank of America clients connected with their finances more than 23.4 billion times through a combination of digital logins and proactive alerts – an 11% increase year over year and all-time record.

Clients received more than 10.6 billion proactive digital alerts in 2023 – an increase of 12% year-over-year – giving them real-time insight into their financial lives. Bank of America now has 57 million verified digital users, among which more than 35 million have opted to receive these alerts. The most common alerts last year offered insights into account balances, deposit available balances, and virtual debit card usage.Over the course of 2023, clients also logged into their accounts 12.8 billion times to stay on top of their finances – including a record 3.3 billion logins in Q4, up 10% year-over-year. More clients are checking their finances more often, driving the number of active digital clients, those who have used digital in the last 90 days, to a record 46 million active users, up more than 2.2 million year over year.Today, 77% of Consumer and Small Business households actively use Bank of America’s digital platforms, as well as 84% of Wealth Management households, and 75% of business clients.

“Our clients unlocked convenience 23 billion times last year through digital interactions,” said Nikki Katz, Head of Digital at Bank of America.  “Individualized real-time alerts and proactive insights, along with our digital platform overall, help simplify the day-to-day management of finances. This allows our clients to more easily balance life and enjoy the moments that matter.”

In 2023, clients interacted 673 million times with Erica, the most advanced and first widely available virtual financial assistant. This was a 28% increase year-over-year, bringing the total interactions since launch to nearly 1.9 billion. Clients across Bank of America businesses increasingly leverage Erica:

Erica now has 18.5 million active users, a 12% increase year-over-year.Merrill client interactions with Erica exceeded 10 million in 2023.Private Bank clients interacted with Erica a record 700,000 times in 2023, up 35% from the previous year.CashPro Chat integrated Erica in 2023, with 43% of client inquiries now being answered in the app. CashPro clients also received 19.7 million alerts and insights in 2023.

How clients send and deposit money has also continued to shift toward digital:

A record 21.5 million clients now use Zelle®. These clients sent and received 1.24 billion payments worth $373 billion in 2023 – both record highs.Clients sent more than twice as many Zelle transactions as checks written in 4Q 2023.75% of checks to Wealth Management clients were deposited digitally.75% of Business clients were active across CashPro and BA360.

More information on how Bank of America clients are engaging with digital banking is available in the bank’s quarterly Trends in Digital fact sheet.

Bank of America continues to be recognized throughout the industry for its digital leadership, receiving over 120 accolades in 2023. Most recently, Bank of America was named:

Best Mobile Banking Apps by Forbes#1 Overall 4Q 2023 Online Banker Scorecard by Keynova#1 Overall 4Q 2023 Mobile Credit Card Scorecard by KeynovaMerrill Edge Self-Directed was ranked #1 in three categories in the StockBrokers.com 2024 Annual Broker ReviewOverall Client Experience (for the seventh year in a row)Client Dashboard (for the fourth year in a row)for Bank Brokerage (for the tenth year in a row)

Download the Bank of America app or visit bankofamerica.com.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Zelle and the Zelle-related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

For more Bank of America news, including dividend announcements and other important information, register for news email alerts.

Reporters May Contact: 
Andy Aldridge, Bank of America
Phone: 1.980.387.0514
andrew.aldridge@bofa.com

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SOURCE Bank of America Corporation

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Transworld Business Advisors’ Managing Director Peter Berg Named Florida Business Broker of the Year by Business Brokers of Florida

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Berg is the Top Dollar Producer having sold the highest dollar volume of businesses in Florida in 2025.

FT. LAUDERDALE, Fla., June 18, 2026 /PRNewswire/ — Transworld Business Advisors (Transworld), the largest business brokerage firm in the world, announced that Peter Berg, a shareholder and managing director, was named the No. 1 Top Dollar Producer for 2025 for all business intermediaries in the state of Florida. The annual award, presented by the Business Brokers of Florida (BBF), evaluates the dollar volume of all business brokers throughout the state in determining the honor. This is the ninth time Berg has won the prestigious honor.

“Peter excels at guiding sellers, buyers, and their advisors to successful outcomes, even in the most complex transactions,” said Andy Cagnetta, Founder of Transworld Business Advisors of Florida. “His persistence and ability to solve problems creatively is exceptional, and we are proud of his accomplishments.”

“I am grateful for the trust business owners place in me when selling their companies. Many businesses come with unique challenges, and a transaction is never certain until the deal closes, and sometimes not even then, said Berg. “It is rewarding to help owners convert years of hard work into equity, whether that means retirement or the freedom to pursue new opportunities. I’m fortunate to have the support of a great company and teammates, and I look forward to helping more business owners achieve their goals.”

Berg is a Certified Business Intermediary (CBI), an M&A Master Intermediary (M&AMI) and a Certified M&A Professional (CM&AP) as recognized by the industry associations IBBA and the M&A Source. He joined Transworld in 2000 and is celebrating his 26th year with the company. He is also a shareholder and sits on the Transworld board of directors. He specializes in selling businesses with profits between $2 mil and $30 mil.

For more information, please contact Peter Berg at pberg@transworldma.com or 954-907-3007. For more information about Transworld, please visit: www.tworld.com or www.transworldma.com.

About Transworld Business Advisors

Transworld Business Advisors® (TBA) is among the United Franchise Group™ (UFG) family of affiliated brands. With over 40 years of business brokerage experience, Transworld Business Advisors is in the business of helping buyers and sellers connect, conducting franchise consultations, and supporting franchise development. The company represents acquisition-minded corporations or individuals interested in owning their own company or franchise. From business brokerage to mergers and acquisitions, Transworld Business Advisors are business sale specialists that represent numerous listings across multiple industries. For more information about Transworld visit www.tworld.com and for information on owning a Transworld franchise, visit www.tworldfranchise.com.

View original content:https://www.prnewswire.com/news-releases/transworld-business-advisors-managing-director-peter-berg-named-florida-business-broker-of-the-year-by-business-brokers-of-florida-302804992.html

SOURCE Transworld Business Advisors

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Brazos Residential Announces Promotion of Cliff Davis to Junior Partner

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DALLAS, June 18, 2026 /PRNewswire/ — Brazos Residential is pleased to announce the promotion of Cliff Davis to Junior Partner, recognizing his significant contributions to the firm’s growth and investment platform since joining the company in 2022.

Davis joined Brazos Residential as an Investment Professional and has since assumed an increasingly influential role across the firm’s acquisitions, capital markets, investor relations, and asset management functions. Throughout his tenure, he has been directly involved in evaluating and executing investment opportunities, arranging debt and equity financing, and supporting strategic initiatives across the company’s expanding multifamily portfolio.

His promotion reflects both the impact he has made within the organization and the confidence the firm places in his long-term leadership and continued contributions to the business.

“Cliff has become an integral part of our organization and someone we rely on across many facets of the business,” said James Roberts, President and Co-Founder of Brazos Residential. “As our first hire, Cliff’s work ethic, commitment to excellence, and dedication to our mission embody what Brazos Residential stands for. His contributions have helped shape our growth, and this promotion is well deserved.”

“Cliff approaches the business with a high level of professionalism and discipline,” said Will Hancock, Chief Executive Officer and Co-Founder of Brazos Residential. “He has earned the trust of our team, partners, and investors through consistent execution and sound judgment. We are excited to welcome him into this leadership role and look forward to his continued impact on the future of the company.”

Prior to joining Brazos Residential, Davis worked at Berkadia Commercial Mortgage, where he was involved in underwriting, originations, and the execution of multifamily financing transactions, while also assisting in the sourcing and evaluation of investment opportunities. Earlier in his career, he served as a Credit Analyst at Benchmark Bank.

Davis earned a degree in Economics from The University of Texas at Austin and currently resides in Dallas, Texas.

The promotion underscores Brazos Residential’s continued commitment to developing talent from within and building an institutional-quality platform positioned for sustained long-term growth. As the company continues to expand its footprint across the Sun Belt, leadership development remains a core component of its strategy for creating value for investors, residents, and partners.

About Brazos Residential

Brazos Residential is a vertically integrated multifamily investment and property management platform headquartered in Dallas, Texas. Founded in 2022 without institutional backing, the firm has grown into a fully integrated real estate operating platform encompassing investment management, property management through Brazos Residential Management, and construction management through Brazos Construction Management.

The company currently manages over $800 million in assets under management across more than 7,000 apartment units and employs more than 200 professionals. Brazos focuses on workforce and Class B/C multifamily housing in high-growth Sun Belt markets, with a strategic emphasis on acquiring attainable housing located near major employment centers. Through its vertically integrated operating model, Brazos seeks to preserve and improve naturally occurring affordable housing while delivering attractive risk-adjusted returns for institutional and private capital partners.

Media Contact: marketing@brazosres.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/brazos-residential-announces-promotion-of-cliff-davis-to-junior-partner-302804953.html

SOURCE Brazos Residential

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Monport Mega S Redefines What a Desktop Laser Engraver Can Do for Small Businesses

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The upgraded Monport Mega S desktop laser engraver combines speed, precision, and automation to help businesses scale production, improve output quality, and reduce workflow complexity.

NEW YORK, June 18, 2026 /PRNewswire/ — As small businesses and independent makers continue to expand into custom products, signage, and light manufacturing, the need for reliable and efficient laser systems has grown significantly. While entry-level machines have made laser engraving more accessible, many operators quickly outgrow basic systems when production demands increase.

The Monport Mega S desktop laser engraver is designed to bridge that gap, offering a more production-ready solution that brings industrial-style capabilities into a compact desktop format. Built for speed, consistency, and usability, the upgraded system reflects how desktop laser technology is evolving beyond hobby use into serious business production tools.

Rather than focusing solely on specifications, the Monport Mega S emphasizes workflow efficiency—helping users move from design to finished product with fewer manual steps and greater consistency.

Desktop Laser Power Designed for Real Business Use

For many growing businesses, the challenge is not learning how to engrave, but scaling production without sacrificing quality. The Monport Mega S desktop laser machine addresses this by combining high-speed performance with automation features that simplify daily operation.

With engraving speeds reaching up to 600 mm/s and precision down to 0.03 mm, the system is designed to handle both detailed engraving and efficient cutting tasks across materials such as wood, acrylic, leather, and coated surfaces. This balance of speed and accuracy allows users to take on both custom one-off orders and higher-volume production runs.

Unlike traditional entry-level systems, the Mega S desktop laser engraver is built with production continuity in mind, giving users the ability to maintain output consistency across larger batches.

Built for Faster Workflow and Reduced Manual Setup

One of the most time-consuming aspects of laser production is setup and preparation. Material alignment, focus adjustments, and repeated calibration can slow down workflow significantly, especially in small workshop environments.

The Monport Mega S desktop CO2 laser engraver reduces these friction points through integrated automation features designed for practical day-to-day use.

Key workflow advantages include:

Built-in autofocus system that adjusts based on material thicknessSmart Batch Fill support for efficient multi-item processingSimplified optical alignment process for quicker setupEnhanced airflow system for improved cutting quality and cleaner edgesEfficient smoke extraction for a safer working environmentSupport for automated feeding workflows for repetitive production tasks

These features allow users to spend less time preparing machines and more time producing finished goods, which is especially important for businesses handling frequent or recurring orders.

Conveyor Belt Integration Expands Production Capability

A key upgrade that sets the Mega S apart from many standard desktop laser systems is its optional conveyor belt system. This feature enables continuous material feeding, allowing businesses to process longer materials or run uninterrupted production workflows.

For businesses producing signage, engraved panels, or repetitive product runs, the conveyor system helps reduce downtime between jobs and supports a more assembly-line style production approach. Instead of manually repositioning materials, users can maintain consistent output across extended production cycles.

This type of capability is typically associated with larger industrial systems, making it a notable advancement in the desktop laser engraver category.

Supporting Both Creative and Commercial Applications

While the Monport Mega S is designed with business scalability in mind, it remains versatile enough to support a wide range of applications. This flexibility is one of the reasons it has become relevant for both new entrepreneurs and expanding production shops.

Common applications include:

Personalized gifts and custom merchandiseAcrylic signage and branding materialsWood engraving and decorative productsLeather accessories and fashion itemsSmall-batch manufacturing and prototyping

The machine’s combination of precision engraving and cutting capability allows users to expand product offerings without needing multiple machines for different tasks.

Improved Safety and Workspace Efficiency

In addition to performance improvements, the Monport Mega S also focuses on creating a more stable and safer working environment. Its Class 1 safety design makes it suitable for both home-based workshops and small business environments where space and safety compliance are important considerations.

The enhanced airflow and smoke extraction system further improves usability by maintaining a cleaner workspace during extended production sessions. This becomes especially valuable for businesses operating daily production schedules or working with materials that generate more residue.

A Step Forward for Desktop Laser Manufacturing

The evolution of desktop laser systems has increasingly blurred the line between entry-level hobby tools and production-ready equipment. The Monport Mega S desktop laser engraver reflects this shift by offering a system that is not only capable of detailed creative work but also structured for repeatable, scalable business output.

Rather than requiring users to upgrade to full industrial machinery, the Mega S provides many of the workflow advantages needed for growth—automation, batch processing, and optional continuous feeding—within a compact desktop format.

For small businesses, makers, and growing production shops, this means fewer operational bottlenecks and more opportunity to focus on output and customer demand.

Monport is currently offering a limited-time promotion for the Mega S Powerful Desktop CO2 Laser Engraver, which includes:

Instant $300 discountFree air assist systemFree 2 black laser marking sprays

The promotion is designed to help new and growing businesses lower initial setup costs while gaining access to upgraded production tools that improve efficiency and output quality.

To learn more about the Monport Mega S desktop laser engraver, visit Monport Laser official website.

Media Contact:
Monport Laser
Email: official@monportlaser.com 
Website: www.monportlaser.com.

View original content:https://www.prnewswire.com/news-releases/monport-mega-s-redefines-what-a-desktop-laser-engraver-can-do-for-small-businesses-302804972.html

SOURCE Monport

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