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The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan.
Learn about Bank of America's vision, mission, values and history. Find out how we serve clients, communities and shareholders with responsible growth and financial solutions.
- Formation
- Growth
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The Bank of United States was chartered on June 23, 1913 with a capital of $100,000 and a surplus of $50,000. The bank was founded by Joseph S. Marcus, a former president of the Public Bank, also of Delancey Street. Marcus, who was responsible for the building up of Public Bank, started the new bank, with the backing of several well-known financier...
The bank grew slowly, with only five branches by 1925. However, after the death of the founder, his son, Bernard Marcus who had been running the bank since 1919 grew the bank rapidly through a series of mergers until it had 62 branches by 1930. In April 1928, it merged with the Central Mercantile Bank and Trust Company with Bernard Marcus as the Pr...
On December 10, 1930, a large crowd gathered at the Southern Boulevard branch in the Bronx seeking to withdraw their money, and started what is usually considered the bank run that started the Great Depression (though there had already been a wave of bank runs in the southeastern part of the U.S., at least as early as November 1930). The New York T...
Soon after the closing of the Bank of United States, another bank, the Chelsea Bank, was taken over by the state banking superintendent, Joseph A. Broderick, amidst allegations attributed to "reliable sources" that the Communist Party of America was actively trying to create a run on the bank (the Soviet Union was also accused of financing short se...
Clippings about Bank of United States in the 20th Century Press Archives of the ZBWHá 3 dias · Bank of America, one of the largest banking and financial services brands and corporations in the United States. It was formed through NationsBank’s acquisition of BankAmerica in 1998. Bank of America is headquartered in Charlotte, North Carolina. The bank’s history dates to 1904 when Amadeo Peter.
Learn about Bank of America's history, products, services and global presence. The web page also includes information on the company's environmental, social and governance approach.
