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Chart of U.S. bank mergers. This 2012 chart shows some of the mergers noted above. Solid arrows point from the acquiring bank to the acquired one. The lines are labeled with the year of the deal and color-coded from blue (older) to red (newer). Dotted arrows point to the final merged entity.
Date. Acquiring bank. Acquired bank. Purchase price. Sept. 30, 1998. Bank of America. NationsBank. $62 billion. July 1, 2004. J.P. Morgan Chase. Bank One. $58 billion
Bank of America building in Atlanta was for years owned by NationsBank. In 1998, it acquired BankAmerica Corporation of San Francisco in what was the largest bank merger in American history at the time. Although NationsBank was the nominal survivor, the merged bank took the better-known Bank of America name, and operates under Bank of America's ...
Bank of America [166] Merrill Lynch & Co. 50.0 70.8 22 2009: United States Department of the Treasury [167] [c] General Motors: 49.5 70.3 23 2003 Bank of America [168] FleetBoston Financial: 47.0 77.8 24 2009 Roche Holding AG [169] Genentech: 46.8 66.5 25 2008: United States Department of the Treasury [170] [c] Citigroup: 45.0 63.7 26 2008
The history of Bank of America dates back to October 17, 1904, when Amadeo Pietro Giannini (1870–1949) founded the Bank of Italy, in San Francisco. [14] In 1922, Bank of America, Los Angeles was established with Giannini as a minority investor.
You might know Bank of America (NYSE: BAC) as one of the world's largest financial institutions. It is a well-known consumer-facing bank with over $3.2 trillion in assets today.
Bank of America set the tone when CEO Brian Moynihan announced his firm’s “best-ever quarter” in trading, while Citigroup projects ... — Get in now as they monetize a $2 Trillion market by ...
The company agreed to be acquired by Bank of America on September 14, 2008, at the height of the Financial crisis of 2007–2008, the same weekend that Lehman Brothers was allowed to fail. The acquisition was completed in January 2009 [ 2 ] and Merrill Lynch & Co., Inc. was merged into Bank of America Corporation in October 2013.