Bank of America - An American Multinational Investment Bank

Bank of America - An American Multinational Investment Bank

The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. The company was founded in 1851 in San Francisco and took on its current form in 1998 when NationsBank of Charlotte acquired it. The company now employs more than 200,000 people in the United States and abroad. Its headquarters are in Charlotte, North Carolina. The bank was once regional savings and loan, but in the late nineteenth century, it became an independent institution with headquarters in Chicago.

Bank of America began as a regional bank in the mid-1970s and later expanded into the New England region. As of the early 21st century, the bank operated over 5,500 banking branches throughout the U.S. and conducted corporate banking in more than a hundred countries worldwide. In 2004, the company grew its credit-card business by acquiring National Processing. In 2006, it merged with MBNA Corporation to create a large credit-card offering. In 2007, the company acquired U.S. Trust Corporation, a high-net-worth individual trust manager.

Although the Bank of America Corporation has many locations around the world, you'll find that it's a good idea to check the Bank of Americans website for branch locations and customer support. They have convenient phone numbers and live chat, so you can always reach a live person who can help you out. A bank account is not a bank account unless you're comfortable using a credit card. While some banks offer lower interest rates than others, you may be better off with a more competitive interest rate and more convenient banking experience.


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