| BANK OF AMERICA CORP www.bankofamerica.com | | Industry Group Code: 522110 | | | | Ranks within this company's industry group: | | Sales: 6 | Profits:17 |
| | | Banking: | | Banking-U.S.: | Y | | Banking-Global: | Y | | Savings Assoiation: | Y | | Insurance Bank: | | | | | | | |
| | Mortgage/Insurance: | | Broker/Banker: | Y | | Insurance: | Y | | Specialty Services: | | | High Risk Mrtgs.: | | | | | | | |
| | Lending/Leasing: | | Consumer Loans: | Y | | Business Finance: | Y | | Leasing: | Y | | Pawn: | | | | | |
| | Credit Cards: | | VISA/MC/Amex: | Y | | Private Label Cards: | | | | | | | | | |
| | Technology: | | Financial Software: | | | Information Sys.: | | | Online Services: | | | ATM Manufacturer.: | | | Specialty Equip.: | | | | |
| | Services: | | Payment Processing: | | | Consulting: | | | Specialty Services: | Y | | Check Cashing Svcs.: | | | Credit Bureau: | | | |
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| TYPES OF BUSINESS: | BRANDS/DIVISIONS/AFFILIATES | Banking
Asset Management
Investment & Brokerage Services
Mortgages
Credit Cards
Insurance Agency
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| Barnett Banks, Inc.
FleetBoston
Merrill Lynch & Co.
MBNA Corp.
| | CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. | Kenneth D. Lewis, CEO
Kenneth D. Lewis, Pres.
Joe L. Price, CFO
Anne Finucane, Chief Mktg. Officer
J. Steele Alphin, Chief Admin. Officer
Edward P. O'Keefe, General Counsel
Amy Woods Brinkley, Exec.-Global Risk
Neil A. Cotty, Chief Acct. Officer
Walter J. Muller, Chief Investment Officer
Barbara J. Desoer, Pres., Home Loans & Insurance
Tom Montag, Pres., Global Markets & Corp. Banking
Brian Moynihan, Pres., Consumer & Small Bus. Bank
Walter E. Massey, Chmn.
Sallie Krawcheck, Head-Global Wealth & Investment Mgmt.
| | Phone: 704-386-8486 | | Fax: 704-386-6699 | | Toll-Free: 800-432-1000 | Address: 100 N. Tryon St., 18th Fl.
Charlotte, NC 28255 US |
| | GROWTH PLANS/SPECIAL FEATURES | Bank of America Corp. is a global provider of a diversified range of banking and financial services. In banking, the company operates through three business segments: global consumer and small business banking; global corporate and investment banking; and global wealth and investment management. The firm's global consumer and small business banking division maintains nearly 6,100 banking centers worldwide with over 19,000 ATMs serving 59 million customers. Over 24 million customers use Bank of America’s online banking service. The global consumer and small business banking division offers a variety of services including checking and savings accounts, CDs, IRAs, debit cards, credit cards, mortgage and home equity products. The global corporate and investment banking division provides services in three areas: business lending; capital markets and advisory services; and treasury services. Bank of America’s credit card business is the result of the $35 billion acquisition of MBNA. As one of America's strongest financial institutions, the company was able to grow substantially during the 2008 global financial crisis, by agreeing to acquire both Countrywide Financial and Merrill Lynch & Co. The January 2009 Merrill Lynch acquisition increased Bank of America’s financial advisor ranks to more than 20,000, making it the largest stock brokerage in the world in that regard, and boosted the total amount of client assets under management to $2.5 trillion. This acquisition includes a 50% ownership in asset management firm BlackRock. In July 2008, Bank of America acquired Countrywide Financial, Corp., one of the largest mortgage lenders in the U.S., immediately providing Bank of America with a massive network of mortgage offices and millions of additional mortgage customers.
The company offers its employees educational partnerships, health care and dependent care flexible spending accounts. |
| FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full amount. Yr. 2009 note: Fiscal 2009 results were not available for all companies at press time. For this company, yr. 2009 is for 12 months. | | 2009 Sales: | | (12 months) | 2009 Profits: | | (12 months) | | 2008 Sales: | $113,106,000 | | 2008 Profits: | $4,008,000 | | | 2007 Sales: | $124,321,000 | | 2007 Profits: | $14,982,000 | | | 2006 Sales: | $117,017,000 | | 2006 Profits: | $21,133,000 | | | 2005 Sales: | $83,980,000 | | 2005 Profits: | $16,465,000 | | Stock Ticker: BAC | Employees: 243,075 | Fiscal Year Ends: 12/31 |
| SALARIES/BENEFITS: | | Pension Plan: Y | ESOP Stock Plan: | Profit Sharing: | | Savings Plan: Y | Stock Purch. Plan: | | | | | | Top Exec. Salary: $1,500,000 | Bonus: | | Second Exec. Salary: $800,000 | Bonus: |
| OTHER THOUGHTS: | LOCATIONS: ('Y' = YES) | | Apparent Top Female Officers: 5 | W | SW | MW | SE | NE | INTER. | | Hot Spots for Advancement for Women/Minorities: Y | Y | Y | Y | Y | Y | Y |
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