Bank of America – Brief information

Bank of America or BOA is an American multinational investment bank and financial services holding company. It is headquartered at the Bank of America Corporate Center in North Carolina. The bank was founded in San Francisco, California. Bank of America is the second largest banking institution in the US after JPMorgan Chase. Bank of America was founded in 1923 in Los Angeles. But in 1928, the entity was acquired by the Bank of Italy of San Francisco, which took the name Bank of America two years later.

Some of Bank of America’s history dates back to October 17, 1904, when Amadeo Pietro Giannini founded the Bank of Italy in San Francisco. It is operating as a public company in the United States of America. Bank of America is a combined bank of Bank America and National Bank. In fact, the Bank of Italy was founded by Amadeo Giannini and the National Bank was founded by Hugh McCall, which has been merged to form Bank of America.

As of recently, Bank of America has 3900 Retail Financial Centers and around 16000 ATMs operating around the world. The company deals in services such as… Asset Management, Banking, Commodity, Credit Card, Equity, Wealth Management, Risk Management, Private Equity, Mortgage Lending, Investment Management, Insurance and Equity Trading etc.

According to 2022, the working number of employees of this company is 2,17,000 and as of 31 March 2023, the total assets of the company are US $ 3.1 trillion.

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