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Bank of America Corp. (BAC)

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Website: https://www.bankofamerica.com/

Corporate Profile

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Corporate Structure

Merrill Lynch & Co., Inc. is a wholly owned subsidiary of Bank of America Corporation.
Website: www.ml.com/US

Debt Profile

Prior to Merrill Lynch's acquisition by Bank of America, Merrill Lynch & Co., Inc. (ML & Co.) was the primary issuer of Merrill Lynch's debt instruments. Debt instruments were also issued by certain subsidiaries. ML & Co. is no longer a primary issuer of new unsecured borrowings under the Bank of America platform. Bank of America has not assumed or guaranteed the long-term debt that was issued or guaranteed by ML & Co. or its subsidiaries prior to the acquisition of Merrill Lynch by Bank of America.

Following the completion of Bank of America's acquisition of Merrill Lynch, ML & Co. became a subsidiary of Bank of America and established intercompany lending and borrowing arrangements to facilitate centralized liquidity management. Included in these arrangements is a $50 billion extendible one-year revolving line of credit that allows Bank of America to borrow funds from Merrill Lynch at a spread to LIBOR that is reset periodically and is consistent with other intercompany agreements. The line of credit matures on January 1, 2014 and will automatically be extended by one year to the succeeding January 1st unless Merrill Lynch provides written notice not to extend at least 45 days prior to the maturity date. There were no amounts outstanding at both March 31, 2013 and December 31, 2012 under this credit facility. There is also a short-term revolving credit facility that allows Bank of America to borrow up to an additional $25 billion. Interest on borrowings under the credit facility is based on prevailing short-term market rates. The line of credit matures on February 11, 2014. At March 31, 2013 and December 31, 2012, approximately $10.7 billion and $16.2 billion, respectively, was outstanding under this line of credit.

Brian T. Moynihan is the chief executive officer of Bank of America. He was elected to his role by the board of directors on December 16, 2009, and took office on January 1, 2010. Moynihan also is a member of the Bank of America board of directors. Moynihan has led Bank of America’s Global Diversity and Inclusion Council, a group of senior executives from across lines of business, since 2007. Moynihan joined Bank of America in 2004 following the company’s merger with FleetBoston Financial. In 2010, he was elected a trustee of the Corporation of Brown University.

Bank of America Corporate Center
100 North Tryon Street
Charlotte, NC 28255


Investor Relations:
Tel: 704-386-5681
Fax: 980-386-6699


Updated: 9/13/13

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BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 06:01 AM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 06:01 AM
BAC News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 09/18/2020 03:25:14 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 09/18/2020 01:16:32 PM
BAC News: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 09/18/2020 06:09:31 AM
News News Alert: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 09/21/2020 06:01:53 AM
#22004   $bac $25.35 v -0.25 (-0.98%) Taurus69 09/17/20 10:22:26 PM
#22003   $bac $25.3 v -0.45 (-1.75%) Taurus69 09/15/20 03:06:14 PM
#22002   BREAKING NEWS: $BAC 1 Question Bank of America whytestocks 09/12/20 08:31:13 AM
#22001   BREAKING NEWS: $BAC 3 Robinhood Stocks That Warren whytestocks 09/06/20 08:15:30 AM
#22000   BREAKING NEWS: $BAC Stock Market Crash 2.0: A whytestocks 09/05/20 08:00:06 AM
#21999   Entry points matter. Let the desperate for cash tyguy1505 09/03/20 03:27:05 PM
#21998   That’s why I’m buying YJ4LIFE 09/03/20 10:11:39 AM
#21997   Looking forward jugs 08/28/20 10:34:52 AM
#21996   Looking forward Willwill 08/28/20 10:32:25 AM
#21994   BAC will be a solid winner if you Spicknspan 08/19/20 09:24:04 PM
#21993   $BAC / #BankOfAmerica reaching Apex TFMG 08/10/20 06:12:06 PM
#21992   $bac $26.09 ^ 0.62 (2.43%) Taurus69 08/08/20 02:29:25 PM
#21991   $BAC testing resistance level- let's see what the la_trader 08/07/20 02:02:29 AM
#21990   Buffett buying BAC -> gap up today with $treet $inatra 08/05/20 12:03:20 PM
#21989   "Disclosure-Shy Buffett Must REALLY Like BAC Stock" bar1080 07/30/20 09:19:44 AM
#21988   yet BAC is up...just like I called it la_trader 07/30/20 02:42:09 AM
#21987   You should be down 50% Jim! Lowjack 07/29/20 09:17:51 PM
#21986   This is how we do it! Bac trading tyguy1505 07/29/20 02:09:36 PM
#21985   With gold screaming up to 2k only means Saving Grace 07/27/20 12:21:30 PM
#21984   $BAC @ re-entry level. la_trader 07/27/20 10:09:47 AM
#21983   Write them 2.5 puts like your life depended Lowjack 07/26/20 08:40:38 PM
#21982   $bac $24.405 v -0.135 (-0.55%) Taurus69 07/24/20 03:05:24 PM
#21981   It's very good for BAC that Buffett upped bar1080 07/24/20 03:01:39 PM
#21980   Warren Buffet hikes B of A stake by tyguy1505 07/23/20 11:15:23 PM
#21979   $bac $24.31 v -0.11 (-0.45%) Taurus69 07/22/20 07:50:08 PM
#21978   $bac $24.42 ? 0.0 (0.00%) Taurus69 07/22/20 06:08:33 AM
#21977   Pretty sad when they say the Bank's finished Saving Grace 07/16/20 07:59:34 PM
#21976   Right on. Rome wasn't built in a day Saving Grace 07/10/20 05:00:40 PM
#21975   Come back next week and talk restripe 07/10/20 04:04:12 PM
#21974   Bac and J.P. Morgan both up a strong tyguy1505 07/10/20 03:41:29 PM
#21973   Nice day!!! Seeing green in my accounts ! tyguy1505 07/10/20 03:40:15 PM
#21972   Overloaded debt crashing banks and why they are Saving Grace 07/09/20 12:20:02 PM
#21971   Very thin ice, ahead. Saving Grace 07/08/20 05:26:07 PM
#21970   The gap at $21.40 may be bottom falling-out. Saving Grace 07/08/20 12:44:54 PM
#21969   lol cool story bro. hellcatjr 07/07/20 10:42:19 AM
#21968   And back underwater during sour hour! Saving Grace 07/02/20 02:44:08 PM
#21967   Hope you enjoy your windfall as we enter conix 07/02/20 09:56:50 AM
#21966   Let’s hope so I am loaded with puts restripe 07/01/20 03:34:11 PM
#21965   This dumping can last for days as more Saving Grace 07/01/20 03:32:31 PM
#21964   The Junk notes are worthless paper just like Saving Grace 07/01/20 03:28:10 PM
#21963   Nobody wants the unsecured junk notes as every Saving Grace 07/01/20 11:26:57 AM
#21961   New "unsecured" notes look similar to Junk Bonds Saving Grace 06/30/20 03:16:14 PM
#21960   Failing Banks stuffed full of stimulus debt can't Saving Grace 06/30/20 02:51:35 PM
#21957  Restored Corrupt Central Banks no longer control the Fed Saving Grace 06/29/20 03:22:48 PM
#21956   The type of People that handle money at tyguy1505 06/29/20 02:03:50 PM
#21955  Restored But Central Banks are weak and can't pay Saving Grace 06/29/20 01:57:25 PM
#21954   You can always count on the bank boys tyguy1505 06/29/20 01:05:19 PM
#21953   I’m buying bank stocks and holding for long tyguy1505 06/29/20 01:04:43 PM
#21952  Restored Hardly, It is what it is. Failing Banks Saving Grace 06/29/20 11:40:28 AM
#21950   One more pump and then, the dump. Saving Grace 06/29/20 10:36:10 AM
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