Bank of America Corp. at a Glance

Uppers

  • “Good culture and environment”
  • “Top bucket compensation”
  • “Excellent growth opportunities

Downers

  • “You work a lot”
  • “Compliance issues that create a burdensome amount of work”
  • “Politics of such a large institution”

The Buzz

  • “Big player”
  • “Too large, impersonal”
  • “Fine enough bulge bracket bank”
  • “Depends on group”

About Bank of America Corp.

Headquartered in Charlotte, N.C., Bank of America is one of the world's largest and most prestigious financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. The company has operations in more than 35 countries and business relationships with 96 percent of the U.S. Fortune 1,000 and 81 percent of the Global Fortune 500. The company serves some 47 million consumer and small business relationships, and has approximately 4,500 retail branches, 16,000 ATMs and 23 million active mobile users. Bank of America's roots go back to the late 18th century, and the modern version of the bank dates to 1991 when North Carolina National Bank merged with Citizens & Southern National Bank to form NationsBank, which acquired BankAmerica in 1998 to become Bank of America. 

In 2004, Bank of America acquired FleetBoston Financial for $47 billion, and in 2006, it paid $35 billion for MBNA's credit card business. In 2007, the bank acquired U.S. Trust as well as the ABN AMRO North American Holding Company, the parent of U.S.-based LaSalle Bank Corporation. In 2008, Bank of America purchased the U.S. diversified financial services holding group Countrywide Financial Corporation and, at the end of the year announced that it would buy New York-based investment bank Merrill Lynch, calling the purchase "a great opportunity for our shareholders," as the deal expected to achieve $7 billion in pretax expense savings by 2012. When the deal closed, it made the bank the biggest U.S. bank in terms of assets, with more than $2 trillion; the largest brokerage firm in the world; one of the leading investment banking advisory firms; and one of the world's top wealth management firms. 

Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses of Bank of America Corporation. The global banking and markets division serves mid- to large-sized corporations and institutional clients worldwide. It is comprised of business banking, global commercial banking, global corporate and investment banking, global markets and wholesale credit. Aligned with these client-facing groups are global capital markets and global research. 

Today, Bank of America employs more than 200,000 people. The bank is led by CEO Brian Moynihan, who took the company reins in late 2009.

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Bank of America Corp.

100 North Tryon Street
Charlotte, NC 28255

Stats

  • Employer Type: Public
  • Stock Symbol: BAC
  • Stock Exchange: NYSE
  • Chairman & CEO: Brian T. Moynihan
  • 2017 Employees: 200,000

Major Office Locations

  • Charlotte, NC
  • New York, NY