Payments

Bank of America intros rebuilding solutions for those impacted by LA wildfires

Photo: Adobe Stock

December 4, 2025

Bank of America is continuing its commitment to those impacted by the Los Angeles wildfires in January 2025 with programs to help customers rebuild their houses. This is part of its Rebuild Solution, according to a press release.

This program has the following features:

• Extended forbearance by two years.
• Rebuild line of credit to cover rebuilding costs.
• Keeps in place the current lower interest rate.

"As Los Angeles continues to recover from January's Eaton and Palisades fires, Bank of America is utilizing its experience working through disasters, its capital and connections to help our clients rebuild their homes," Raul Anaya, president of business banking and Los Angeles president, Bank of America, said in the release.