Bank of America Corporation is a leading multinational financial institution headquartered in Charlotte, North Carolina. Founded in 1904 as the Bank of Italy in San Francisco, the company adopted its current name following a series of mergers and reorganizations in the mid-20th century. Today, it is recognized for its comprehensive suite of banking and financial services, serving individual consumers, small- and middle-market businesses, and large corporations with a focus on delivering digital and in-branch solutions.
The company operates through several primary business segments, including Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. Its Consumer Banking division offers deposit products, credit cards, home and auto loans, and online banking services. Through Merrill and Bank of America Private Bank, it provides investment advisory services, retirement planning, trust and estate administration, and brokerage solutions. Corporate clients benefit from treasury services, lending, risk management, and capital raising capabilities via the Global Banking and Global Markets units.
Bank of America maintains an extensive network of branches and ATMs across all 50 U.S. states, complemented by operations in more than 35 countries. Its international presence supports global corporate clients and institutions, enabling cross-border financing, trade services, foreign exchange, and advisory work. The firm’s commitment to technology and digital innovation is reflected in its mobile and online platforms, which serve millions of active users and facilitate seamless account management, payments, and investment activities.
Under the leadership of Chairman and Chief Executive Officer Brian Moynihan, who has guided the company since 2010, Bank of America has emphasized responsible growth and sustainable finance initiatives. The firm continues to invest in community development, environmental programs, and financial literacy to support economic opportunity and resilience. Its governance framework and risk management practices aim to uphold high standards of integrity and regulatory compliance in the dynamic global financial landscape.
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