The company has been involved in a number of merger and acquisition since 1998. Today, Bank of America is the largest issuer of credit, debit and prepaid cards in the world, as well as the largest consumer and small business bank in the United States.
The mission of Bank of America is community development and reaching high standards for their shareholders, customers, associates and communities.
The businesses of Bank of America are:
Personal:- Checking
- Saving and CD’s
- Credit Cards
- Mortgages
- Home Equity
- Investments & Wealth Management
- Insurance
Small Business:
- Checking
- Credit Cards
- Lending
- Savings
- CDs
- Check Card
- Merchant Card Processing
- Online Banking
- Online Business Suite
- Payments
- Invoicing
- Easy Online Payroll
- Tax Services
- Health insurance
Corporate and Institutional:
- Asset-Based Finance
- Asset Management
- Card Solutions
- Dealer Services
- Debt and Liquid Products
- Equities
- Foreign Exchange
- Futures
- Government Services
- Insurance Services
- Investment Solutions
- Leasing
- Merchant Services
- Mergers & Acquisitions Advisory
- NYSE Specialist Firm
- Principal Investing
- Real Estate
- Research
- Trade Services
- Treasury Management Services
Key Statistics
- Bank of America holds assets of $1,291,803.0 millions.
- The company has made profits of $16,465 millions in 2006.
- Bank of America operates in Asia, Europe, Latin America, U.S. and Canada.
- Bank of America has 176,638 employees.
The organization includes:
- Chairman and CEO
- CFO
- Global Risk Executive
- Directors
- Executives
International Ranking
- Bank of America ranks 3rd in the world according to the Forbes Magazine list.
- Bank of America Corp ranks 37 in Fortune Global 500 list.
Recent merger and Acquisition
- In May 2006, the Bank of America and Banco Itau entered into an acquisition agreement.
- Bank of America merged with credit card giant MBNA in 2005.
- In 2004, Bank of America acquired FleetBoston Financial and purchased National Processing Company from National City Corp.
Headquarter Address
100 N. Tryon St.,Charlotte, NC 28255
Phone: 800-900-9000
Website URL : www.bankofamerica.com
