Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,750 ATMs and award winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
HQ Address: 100 North Tryon Street, 28255, Charlotte, NC, USA
In 1783, The treaty of Paris formally recognises American independence by this ending the British prohibition against American-owned banks. In September 1783, a small group of Boston’s leaders, led by founder Moses Michael Hayes, quickly exercise their newly-won freedom and create the stepping stones of the Massachusetts Bank, Bank of America’s earliest predecessor.In 1784 the bank opens for business. In 1805 a branch in Maryland opens to serve the needs of farmers. It is believed to be the first to pay intetestr on deposits to customers 1958 The bank introduces BankAmericard, the first general use credit card and the first to be licensed to other banks across the country. 1998 Nationsbank acquires Bank of America – creating the first coast-to coast retail banking franchise. The group retains the Bank of America name. 2004 Bank of America buys FleetBoston Financial, extending the bank’s rach throughout the northeast. 2006 Bank of America buys MBNA. 2008 Bank of America agrees a rescue deal to buy Countrywide in a $4bn deal. Losses: Bank of America’s mortgage business – some of which is Countrywide — lost $8.9 billion in 2010 and $3.8 billion in 2009. 2009 BoA buys Merrill Lynch for $50bn.