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

10 hours ago

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2024.12.13 16:45

(Reuters) – Bank of America, 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 (NYSE:), were the two largest bank contributors to Trump’s 2017 inauguration. JPMorgan representatives declined to comment on Friday.

© Reuters. A signage is seen at the Bank of America Tower in Manhattan, New York City, New York, U.S., November 2, 2022. REUTERS/Andrew Kelly/File Photo

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 contributed $1 million to both Trump’s first inaugural fund and to President Joe Biden’s in 2021. JPMorgan donated $500,000 for Trump’s 2017 inaugural festivities.

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