Bank of America

Bank of America CorporationBankAmericaBank of America Corp.BankAmerica CorporationBank of America CorpBankAmerica Corp.Bank of America, N.A.Bank of America Merrill LynchBank of America, National AssociationBank of Italy
The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company founded in San Francisco, California and based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto.wikipedia
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Charlotte, North Carolina

CharlotteCharlotte, NCCharlotte, N.C.
The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company founded in San Francisco, California and based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto.
Charlotte is home to the corporate headquarters of Bank of America and the east coast operations of Wells Fargo, which along with other financial institutions has made it the second-largest banking center in the United States since 1995.

List of largest banks in the United States

largest banks in the United Stateslargest bank in the United States8th largest bank in the United States by total assets
It is the second largest banking institution in the United States, after JPMorgan Chase.

JPMorgan Chase

JP MorganJP Morgan ChaseJPMorgan
It is the second largest banking institution in the United States, after JPMorgan Chase.
It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo.

Citigroup

CitiCiticorpCitigroup Inc.
As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase.
Citigroup is ranked 3rd on the list of largest banks in the United States and, alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banks of the United States.

Amadeo Giannini

A.P. GianniniA. P. GianniniAmadeo Peter Giannini
One branch of its history stretches back to Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided Italian immigrants who faced service discrimination various banking options.
Amadeo Pietro Giannini, also known as Amadeo Peter Giannini or A.P. Giannini (May 6, 1870 – June 3, 1949) was an Italian-American banker who founded the Bank of Italy, which became Bank of America.

Merrill Lynch

Merrill Lynch & CompanyMerrill Lynch, Pierce, Fenner & SmithMerrill Lynch & Co.
Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009, respectively.
Merrill, legally Merrill Lynch, Pierce, Fenner & Smith Incorporated and previously branded as Merrill Lynch, is an American investing and wealth management division of Bank of America.

Bank of Italy (United States)

Bank of ItalyBank of Italy (USA)
One branch of its history stretches back to Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided Italian immigrants who faced service discrimination various banking options.
It grew by a branch banking strategy to become Bank of America, the world's largest commercial bank, with 493 branches in California and assets of $5 billion in 1945.

Financial crisis of 2007–08

financial crisis of 2007–2008global financial crisis2008 financial crisis
The bank's large market share, business activities, and economic impact has led to numerous lawsuits and investigations regarding both mortgages and financial disclosures dating back to the 2008 financial crisis.

San Francisco

San Francisco, CaliforniaSan Francisco, CACity and County of San Francisco
The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company founded in San Francisco, California and based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto.
Amadeo Giannini's Bank of Italy, later to become Bank of America, provided loans for many of those whose livelihoods had been devastated.

Orra E. Monnette

This bank was headed by Orra E. Monnette.
Monnette was also the Founder of the Bank of America, L.A..

Sovran Bank

Hamilton G. FantSovranSovran Financial Corporation
In 1991, it merged with C&S/Sovran Corporation of Atlanta and Norfolk to form NationsBank.
In 1990 it was merged with Citizens & Southern National Bank to form C&S/Sovran Corp., which in turn merged with NCNB to form NationsBank which became Bank of America in 1998.

BankBoston

First National Bank of BostonBank of BostonMassachusetts Bank
The eastern portion of the Bank of America franchise traces its roots to 1784, when Massachusetts Bank was chartered—the earliest forerunner of FleetBoston, which it acquired in 2004.
In 2005, FleetBoston was purchased by, and merged into, Bank of America of Charlotte, North Carolina.

Investment banking

investment bankinvestment bankerinvestment banks
The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company founded in San Francisco, California and based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto.
Notable large banks with significant investment banks include JPMorgan Chase, Bank of America, Citigroup, Credit Suisse, Deutsche Bank, UBS, and Barclays.

Wells Fargo

Wells Fargo BankWells Fargo & CompanyWells Fargo & Co.
As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase.
Wells Fargo fell behind Bank of America to third by bank deposits in 2017 and behind Citigroup to fourth by total assets in 2018.

UBS

UBS AGUBS Investment BankUBS Warburg
Its wealth management side manages US$1.081 trillion in assets under management (AUM) as the second largest wealth manager in the world, after UBS.
UBS's main competitors in this division are Bank of America, Credit Suisse, Morgan Stanley, JP Morgan Chase, Wells Fargo and Charles Schwab.

FleetBoston Financial

Fleet BankFleet Financial GroupShawmut Bank
The eastern portion of the Bank of America franchise traces its roots to 1784, when Massachusetts Bank was chartered—the earliest forerunner of FleetBoston, which it acquired in 2004.
In 2004 it merged with Bank of America; all of its banks and branches were converted to Bank of America.

Citizens & Southern National Bank

C&SC&S BankC&S/Sovran Corp.
In 1991, it merged with C&S/Sovran Corporation of Atlanta and Norfolk to form NationsBank.
Both are now part of the modern day Bank of America.

Visa Inc.

VisaVisa InternationalVisa card
In 1958, the bank introduced the BankAmericard, which changed its name to Visa in 1977.
In mid-September 1958, Bank of America (BofA) launched its BankAmericard credit card program in Fresno, California, with an initial mass mailing (or "drop", as they came to be called) of 60,000 unsolicited credit cards.

Mastercard

MasterCard InternationalPayPassMasterCard Worldwide
A consortium of other California banks introduced Master Charge (now MasterCard) in 1966 to compete with BankAmericard.
Mastercard, originally known as "Interbank" from 1966 to 1969 and "Master Charge" from 1969 to 1979, was created by an alliance of several regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc.

Bank of America NT&SA

Bank of America National Trust and Savings Association
Bank of Italy was renamed on November 3, 1930, to Bank of America National Trust and Savings Association, which was the only such designated bank in the United States at that time.
Bank of America, National Trust and Savings Association (NT&SA) was the primary bank subsidiary of BankAmerica Corp. A.P. Giannini chose this unusual extension for the bank's name in order to highlight its multiple functions when it converted from a state charter to a national one.

Alden W. Clausen

Tom ClausenA.W. (Tom) ClausenAlden Winship Clausen
Though Armacost blamed the problems on his predecessor, A.W. (Tom) Clausen, Clausen was appointed to replace Armacost.
He was also president and CEO of Bank of America in 1970 and again in 1986.

Credit card

credit cardscreditcredit-card
New technologies also allowed the direct linking of credit cards with individual bank accounts.
In September 1958, Bank of America launched the BankAmericard in Fresno, California, which would become the first successful recognizably modern credit card.

Hugh McColl

Hugh L. McColl Jr.Hugh McColl, Jr.Falfurrias Capital Partners
NationsBank president, chairman and CEO Hugh McColl, took on the same roles with the merged company.
Hugh L. McColl Jr. (born 18 June 1935) is a fourth-generation banker and the former Chairman and CEO of Bank of America.

Bank of America, Los Angeles

The Bank of America name first appeared in 1923, with the formation of Bank of America, Los Angeles.
The formation of BoA L.A. predates the creation of the Bank of America, merging with the Bank of Italy (USA) in 1928-29 to form the Bank of America.

Security Pacific Bank

Security Pacific National BankSecurity PacificSecurity Pacific Corp.
The company acquired its California rival, Security Pacific Corporation and its subsidiary Security Pacific National Bank in California and other banks in Arizona, Idaho, Oregon, and Washington (which Security Pacific had acquired in a series of acquisitions in the late 1980s).
It was acquired by Bank of America in 1992.