2023 2024 EduVark > Education Discussion > Banks Related


  #2  
April 1st, 2017, 01:42 PM
Super Moderator
 
Join Date: Mar 2012
Re: Military Bank Of America Online

Bank of America is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina

As you asking here I am telling Bank of America has supported the U.S. military through their contributions to military-focused charitable organizations, differentiated banking services for military servicemembers, and their commitment to hiring military veterans.

Bank Of America also support our military by making sure our service members are aware of the federal Service members Civil Relief Act (SCRA) and the benefits it offers. The SCRA expands and improves the provisions of the Soldiers' and Sailors' Relief Act of 1940 (SSCRA), allowing persons on active duty in the United States Military to devote their full attention to service by easing some of their financial obligations and, in certain cases, suspending the enforcement of civil liabilities.

As an active duty member of the United States Military, you may be eligible for SCRA benefits and protections on the following products:

Line of credit, credit card and installment loans
Mortgage and home equity secured loans
Student loans

Bank profile :
Type Public company
Traded as NYSE: BAC
S&P 100 Component
S&P 500 Component
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 112 years ago (as Bank of Italy)
February 1930; 87 years ago (as Bank of America)
October 1998; 18 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina
Number of locations 4,600 retail financial centers & approximately 15,900 automated teller machines
Area served Worldwide
Key people Brian Moynihan
(Chairman and CEO)
Products Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,
Revenue US$83.701 billion (2016)
Net income US$17.906 billion (2016)
AUM US$886.148 billion (2016)
Total assets US$2.187 trillion (2016)
Total equity US$266.84 billion (2016)
Number of employees 208,000 (2016)
Divisions Bank of America Home Loans, Bank of America Merrill Lynch
Subsidiaries Merrill Lynch
U.S. Trust
Capital ratio 10.8% (2016)
Rating Long Term Senior
Moody's: Baa1 (10/2016)
S&P: BBB+ (10/2016)
Fitch: A (10/2016)


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