|Key People||Brian Moynihan (Chairman and CEO)|
|Headquarters:||Charlotte, North Carolina|
|☎ Telephone number:||+1-704-386-5000|
|SWIFT code:||BOFAUS3N (US dollars), BOFAUS6S (foreign currencies)|
|Number of employees:||209000|
|Number of locations:||15,900 ATMs and 4,600 offices|
|ATM locator||Find here|
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Bank of America: Introduction
Before you will get to know how to use the services of Bank of America online, you should definitely know a little piece of history of this financial corporation.
Even though the Bank of America is believed to have been founded just in 1998, its history can be traced to as early as 1904 – at the time the bank was established as Bank of Italy in San Francisco, California. At that time, the bank’s aim was to serve immigrants, who were often discriminated by established American banks.
In 1928, Bank of Italy merged with Bank of America, which resulted in the bank’s rebranding into Bank of America. Following that, the bank quickly expanded beyond California and carried out several other mergers and acquisitions.
The most prominent merger, however, took place in 1998, when Bank of America merged with NationsBank and formed the bank we know nowadays. Actually, NationsBank acquired Bank of America then but remained with the BoA name as it was a more famous brand at that time.
Nowadays, Bank of America tends to be one of the largest banks in the United States and the world. In the wake of the 2008 Financial Crisis, Bank of America acquired Merrill Lynch. As of the present time, this bank provides its financial services worldwide. In 2016, it was ranked as the second-largest bank in the United States (by assets) and was placed on the 26th position in the ranking of the largest American companies.