Bank of America is one of the most famous commercial banks in the world that belongs to the group of banking, insurance and financial services brands . Bank of America is also one of the largest companies in the United States of America. Bank of America is not a part of the Dow Jones Industrial Average in America. The bank of America is known for its several banking and insurance programs. It is one of the earliest banks of America that has also been serving the people various financial incentives.
Initially, when the Bank of America was established, the name was not Bank of America, but it was NationsBank. Before 1993, the headquarters of the bank was situated in Charlotte in North Carolina.
After that in the year of 1998, the NationsBank merged with a famous company called BankAmerica, which was a San Francisco based company at that time. From that time the name Bank of America came into existence.
The history of this largest commercial bank also has some relation with the world famous American Bank of Italy. Amadeo Giannini established the American bank of Italy in San Francisco in the year of 1904.
To talk about the recent history of this world famous bank of America, it owned some of the brand companies such as National Processing Company based in Kentucky and Louisville, in the year of 2004. Then in the same year Bank of America also purchased the brand company named FleetBoston Financial, based in Boston and Massachusetts.
