BoA or expanded ad Bank of America is headquartered in Charlotte, North Carolina, Unites States of America. This Multinational financial and banking corporation is the second largest company in United states based on the assets. It was found in 1904 by the founding of Bank of Italy which served the financial needs of immigrants in San Francisco by Amadeo Pietro Giannini. Who later was able to safely keep away money during 1906 San Francisco earthquakes. In 1928 Bank of America merged with Bank of America, Los Angeles. Later BankAmerica corporation was established to own and operate the needs of Bank of America. Bank of America acquired Security Pacific Corporation and its subsidiary Security Pacific National Bank in California and other banks in Arizona, Idaho, Oregon, and Washington in 1982. In 2008, Bank of America was acquired by Merrill Lynch making it world’s largest wealth management corporation and one of the key business people in investment banking market scenario. The share of Bank of America deposit is so relevant that it holds 12.2% deposits in America as of 2009. Now headed by chairman and CEO Brian.T. Moynihan, Bank of America focuses on corporate banking, consumer banking, finance and insurance, investment banking, mortgage loans, private equity, wealth management, private banking and credit cards. Merrill Lynch and U.S trust are the main subsidiaries. Mainly Bank of America accommodates two divisions- Bank of America Hoe Loans and Bank of America Merrill Lynch.
5,100 banking centers, 16,300 ATMs, call centers and 24/7 online and mobile net banking services are provided. Debit cards that provide upto 15% off in restaurants and shopping is now made better with chip technology. Credit cards provide 1% cash back is ensured everywhere at any time and the offers never expire. Mortgage specialists will help you pick the right home loans. Salary plans and retirement plans is categorized under small business banking. Also Bank of America supports investment in mutual funds, ETFs, Stocks, Bonds and other investments via Merrill Edge investment and Bank of America investments. They are also involved in charity events like give a meal.