Bank of America to Add 500 Finance Jobs in Delaware

While Bank of America and a number of other financial institutions around the world have announced major job cuts recently, the second-largest U.S. bank holding company by assets has announced plans to add 500 finance jobs in Delaware.

According to the Newark Post, Governor Jack Markell made the announcement on Thursday, February 16. Markell noted the strong pool of qualified workers was a major reason behind the bank's choice of Delaware.

"Bank of America's commitment to add hundreds of jobs here is a strong endorsement of both the quality of our workforce and our State's commitment to the middle-class careers this industry supports," Markell said. "This industry has been one of the foundations of our state's economy for many years. We have people with the experience and energy to help these companies succeed."

The Post reports Capital One has also announced plans to add 500 new jobs in the state, following its merger with Wilmington-based ING Direct.

According to the News Journal, the 500 new positions will be brought back to the state over the next three years.