Bank of America Company Description
Welcome to the machine. The second-largest bank in the US by assets (behind Citigroup), Bank of America boasts the country's most extensive branch network, with more than 6,100 locations covering some 30 states from coast to coast. Its core services include consumer and small business banking, credit cards, investment banking and brokerage, and asset management. In 2007 Bank of America bought U.S. Trust from Charles Schwab for more than $3 billion and acquired Chicago-based LaSalle Bank from Netherlands-based ABN AMRO for some $21 billion. Also that year the company made a $2 billion investment in Countrywide Financial, and in early 2008 bought the troubled company outright.
View the Comprehensive Company Description for Bank of America
The Company Description provides a historical perspective of Bank of America's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Bank of America's evolution in the marketplace.
