Draft 4 - Bank of America is one of the leading commercial banks not only in the United States but internationally It was established as Bank of

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Bank of America is one of the leading commercial banks not only in the United States, but internationally. “It was established as Bank of Italy in 1904 by Amadeo Peter Giannini and his son in San Francisco, California. Bank of America history shows that at the time of establishment it was for the small farmers who had come from Italy. Today Bank of America provides unparalleled comfort and serves almost 59 million consumers. Bank of America has headquartered in Charlotte, North Carolina. It has about 19,000 ATMs and 6,100 Retail Banking Offices. Bank of America Online Banking services are accessed by almost 24 million users” (Navigate Portals, 2006). Bank of America was once known as NationsBank before the acquisition of San Francisco. Bank of America provides a variety of services to its clients. These services include personal and business banking as well as corporate and institutional banking. Services in personal banking include: Credit Cards Mortgage Auto Loans Personal Loans Insurance Investment Services Online Banking IRAs are the investment schemes that comes under retirement plans Home Equity Retirement (Navigate Portals, 2006) Small Business Banking has the following services: Business Checking and Savings Healthcare Practice Loans Credit Cards Online Banking Services Automotive, dealer and marine services Health insurance Trade services (Navigate Portals, 2006)
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In the sector of Corporate and Institutional the following services are provided: Asset Management Card Solutions Electronic Trading Services Mergers and Acquisitions advisory Private Equity Investments
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This note was uploaded on 07/18/2011 for the course COMM 101 taught by Professor Jones during the Spring '11 term at Broome Community College.

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Draft 4 - Bank of America is one of the leading commercial banks not only in the United States but internationally It was established as Bank of

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