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Bank of America Corporation (BAC)

On Feb 9: 14.47 USD   0.00 (0.00%)  
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Bank of America Corporation
100 North Tryon Street
Charlotte, NC 28255
Phone: 704-386-5681
Fax: 704-386-6699
Web Site: http://www.bankofamerica.com

DETAILS
Index Membership: Dow Jones Composite
Dow Industrials
S&P 100
S&P 500
S&P 1500 Super Comp
Sector: Financial
Industry: Money Center Banks
Employees (last reported count): 283,717

BUSINESS SUMMARY
Bank of America Corporation, a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. Its Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services. The company’s Global Corporate and Investment Banking segment provides commercial and corporate bank loans, indirect consumer loans, real estate lending products, and leasing and asset-based lending products for banking clients, middle market commercial clients, multinational corporate clients, public and private developers, homebuilders, and commercial real estate firms; advisory services, financing, and related products for institutional investor clients in support of their investing and trading activities; debt and equity underwriting, merger-related advisory services, and risk management solutions; and treasury management, trade finance, foreign exchange, short-term credit facilities, and short-term investing options for correspondent banks, commercial real estate firms, and governments. The company’s Global Wealth and Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and diversified asset management products to institutional clients and high-net-worth individuals. As of December 31, 2008, the company operated approximately 6,100 banking centers and 18,700 automated teller machines. It has a strategic alliance with Avjet Corporation. The company was founded in 1874 and is headquartered in Charlotte, North Carolina.
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    OFFICERS
      Pay Exercised
    Mr. Thomas M. Ryan , 57
    Director, Chairman of Corp. Governance Committee, Member of Compensation & Benefits Committee, Chairman of CVS/Caremark Corp., Chief Exec. Officer of CVS/Caremark Corp. and Pres of CVS/Caremark Corp.
    $ 0 N/A
    Ms. Barbara J. Desoer , 57
    Pres of Mortgage and Pres of Home Loans & Insurance
    $ 800.00K $ 0
    Mr. Joe L. Price , 49
    Pres of Consumer, Small Bus. & Card Banking
    $ 800.00K $ 0
    Mr. Brian T. Moynihan , 50
    Chief Exec. Officer, Pres
    N/A N/A
    Mr. Neil A. Cotty , 55
    Interim Chief Financial Officer and Chief Accounting Officer
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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