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Bank of America's logo from 1969 to 1998 Bank of America Tower, headquarters for Bank of America's investment banking operations, seen from Bryant Park in Midtown Manhattan, in 2015 Following passage of the Bank Holding Company Act of 1956 by the U.S. Congress , [ 24 ] BankAmerica Corporation was established for the purpose of owning and ...
The Bank of Italy later merged with Bank of America, Los Angeles in 1928, which was then renamed Bank of America in 1930. [3] [11] In March 1930, Transamerica acquired Occidental Life Insurance Company, founded in 1906. [12] At the time, Occidental had over $25 million in assets and over $150 million in life insurance policies in force. [12]
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Bank of America, member FDIC, is the second largest bank in the U.S., with more than $2.5 trillion in assets. The bank has nearly 3,900 branches in 39 states and Washington D.C., along with ...