| BANK OF AMERICA CORP www.bankofamerica.com | | Industry Group Code: 522110 | | | | Ranks within this company's industry group: | | Sales: 6 | Profits:3 |
| | | Banking: | | Banking-U.S.: | Y | | Banking-Global: | Y | | Savings Assoiation: | Y | | Insurance: | Y | | | | | | |
| | 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
Commercial Real Estate
Investment & Brokerage Services
Insurance
Mutual Funds
Venture Capital
Mortgages
Credit Cards
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| Barnett Banks, Inc.
FleetBoston
Merrill Lynch & Co.
MBNA Corp.
China Construction Bank
Countrywide Financial Corp
LaSalle Bank Corp
U.S. Trust
| | 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
J. Steele Alphin, Chief Admin. Officer
Walter J. Muller, Chief Investment Officer
Amy Woods Brinkley, Chief Risk Officer
Barbara J. Desoer, Pres., Mortgage, Home Equity & Insurance Svcs.
Brian Moynihan, Pres., Global Corp. & Investment Banking
Liam McGee, Pres., Consumer & Small Bus. Bank
Kenneth D. Lewis, Chmn.
Thomas White, CEO-Banc of America Securities (Global Markets)
| | 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. 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 Merrill Lynch acquisition, scheduled for an early 2009 closing, will increase 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 will boost the total amount of client assets under management to $2.5 trillion. This acquisition also brings 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. On the banking side, 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 more than 19,000 ATMs serving 59 million consumer and small business customers. Over 24 million customers are active in 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. The global wealth and investment banking segment includes Premier Banking and Investments, which provides banking, credit, investment services to clients with less than $3 million in assets, The Private Bank for clients with greater than $3 million in assets; Columbia Management Group for intuitional customers. Bank of America’s credit card business is the result of the $35 billion acquisition of MBNA.
The company offers its employees educational partnerships, performance-based compensation, health care and dependent care flexible spending accounts, as well as discounts on bank products and services, including home loans. |
| FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full amount. Yr. 2007 note: Fiscal 2007 results were not available for all companies at press time. For this company, yr. 2007 is for 12 months. | | 2007 Sales: | $124,321,000 | (12 months) | 2007 Profits: | $14,982,000 | (12 months) | | 2006 Sales: | $117,017,000 | | 2006 Profits: | $21,133,000 | | | 2005 Sales: | $83,980,000 | | 2005 Profits: | $16,465,000 | | | 2004 Sales: | $48,965,000 | | 2004 Profits: | $14,143,000 | | | 2003 Sales: | $49,006,000 | | 2003 Profits: | $10,810,000 | | Stock Ticker: BAC | Employees: 210,000 | 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: $4,250,000 | | Second Exec. Salary: $800,000 | Bonus: $4,000,000 |
| OTHER THOUGHTS: | LOCATIONS: ('Y' = YES) | | Apparent Top Female Officers: 4 | W | SW | MW | SE | NE | INTER. | | Hot Spots for Advancement for Women/Minorities: Y | Y | Y | Y | Y | Y | Y |
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