Mortgage company job promise intact
AUSTIN — Bank of America Corp. says it will create jobs in Texas over the next two years and comply with a state agreement signed by Countrywide Financial Corp., now that the two firms have merged and the bank has assumed the mortgage company’s job contract.
“Bank of America has adopted the agreement. We’re committed to meeting the terms of that agreement,” said company spokesman Dan Frahm.
The Texas Enterprise Fund contract agreed to in December 2004 calls for Countrywide to create 7,500 total new jobs in Texas by the end of 2010 in exchange for $20 million in taxpayer money. It’s one of the largest of the enterprise fund, an account overseen by Gov. Rick Perry.