The Bank of America Corporation (simply referred to as Bank of America, often abbreviated as BofA or BoA) is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. Founded in San Francisco, Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998.
Bank of America Home Loans is the mortgage unit of Bank of America.In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006, Countrywide financed 20% of all mortgages in the United States, at a value of about 3.5% of United States GDP, a proportion greater than any other single mortgage lender.
- 1969 (Countrywide), February 2009 (Bank of America Home Loans)
- $6,061,437,000 US$ (2007)
- $703,538,000 US$ (2007)
- Barbara J. Desoer, President of Bank of America Home Loans and Insurance
Alvaro de Molina (born July 13, 1957) is a former chief financial officer of Bank of America Corporation. He had been with the company since joining one of its predecessors in 1989. De Molina graduated in 1975 from Bergen Catholic High School in Oradell, New Jersey, and was inducted into the school's hall of fame in 2012.
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Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Trust and fiduciary services are provided by Bank of America, N.A. and U.S. Trust Company of Delaware.
Summit Bancorp was a bank based in Summit, New Jersey, that operated in New Jersey, Pennsylvania, and Connecticut. In 2001, it was acquired by FleetBoston Financial. History. The bank was organized in 1899. In 1968, the bank organized a Pennsylvania entity.
- 1899; 122 years ago
- $1.266 billion (2013)
- Summit, New Jersey
Bank of America financial center is located at 339 Franklin Ave Wyckoff, NJ 07481. Our branch conveniently offers drive-thru ATM & teller services. Bank of America's financial center and ATM located at 339 Franklin Ave in Wyckoff, NJ is conveniently located for the banking services you need.
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Transfers require enrollment in the service and must be made from a Bank of America consumer deposit account to a domestic bank account or a debit card. Recipients have 14 days to register to receive money or the transfer will be cancelled. Transactions between enrolled Zelle users typically occur in minutes.
Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date.