Bank of America
Bank of America is a large bank headquartered in Charlotte, NC. The bank operates 6258 branches in 36 states. Bank of America has deposits of $1.0 trillion, and was established in October 1904.
This bank is FDIC insured - all deposits are protected for up to $250,000.
Current Bank of America Rates
Really Going Downhill
I used to bank here over 5 years ago and this bank has really lost their focus. They don't seem to care about the customers and it seems like things take forever to get done there. Their rates are not impressive at all and I wonder why so many people still bank there. I guess it is too much of a hassle to change banks for some people.
About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other. It operates in 32 states, the District of Columbia and 30 foreign countries.
On September 15, 2008, Bank of America announced its intentions to purchase Merrill Lynch & Co., Inc. in an all-stock deal worth approximately $ 50 billion, about 86% of the Bank of America stock price at close. This acquisition will make Bank of America the largest financial services company in the world. Temasek Holdings, the largest shareholder of Merrill Lynch & Co., Inc., will become one of the largest shareholders of Bank of America. Shareholders of both companies approved the acquisition on December 5, 2008, and the deal closed January 1, 2009.