Posted on May 23, 2013
Bank of America, National Association
101 S Tryon St
Charlotte, NC 28202
General Bank Information
FDIC Insured Yes
FDIC Certificate # 3510
Date Established 1904
Bank of America, National Association is an FDIC insured institution located in Charlotte, NC. It was founded in 1904 and has approximately $1474.08 billion in assets. Customers can open an account via one of its 5,656 branches.
One of the largest banks in the US by assets (along with Citigroup and JPMorgan Chase), Bank of America also boasts one of the country's most extensive branch networks with more than 5,900 locations covering some 40 states from coast to coast. Its core services include consumer and small business banking, credit cards, and asset management. In early 2009 Bank of America paid some $50 billion in stock for Merrill Lynch, which had been crippled by the global credit crisis. The acquisition of the once-mighty investment bank known as "The Bull," which has an extensive retail brokerage network, beefs up Bank of America's wealth management, investment banking, and international business
Bank of America, National Association Financial Size
| Assets | $1,474.08 billion |
| Loans | $738.93 billion |
| Deposits | $1,117.62 billion |
| Capital | $177.50 billion |
For a more detailed analysis of Bank of America, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Bank Loan Profile?
| % Loans |
% Comparison to Other Banks |
|||
| Low | Med | High | ||
| 1-4 Family Residential Loans | 45.77 | ✓ | ||
| Multifamily Mortgages |
0.71 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 3.60 | ✓ | ||
| Small Business Loans | 0.95 | ✓ | ||
| Construction and Development Loans | 1.44 | ✓ | ||
| Commercial Real Estate | 6.02 | ✓ | ||
| Commercial and Industrial Loans | 27.09 | ✓ | ||
| Farm Loans | 0.16 | ✓ | ||
The top three loan types in Bank of America, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.
Compared to other banks in North Carolina, Bank of America, National Association has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double
categorization of some loan types. All data from the FDIC.
Additional information about this table.
