Bank Of America FDIC Insurance Limit - 2018 2019 Student Forum

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Old 12th October 2017, 01:04 PM
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Default Bank Of America FDIC Insurance Limit

Hi friends do you know what is Bank Of America FDIC Insurance Limit, as my cousin want to know about the same here ?
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Old 12th October 2017, 02:18 PM
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Join Date: Aug 2012
Posts: 28,458
Default Re: Bank Of America FDIC Insurance Limit

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

As you want here I am telling Bank Of America FDIC insurance limits, the current limit is $250,000 per depositor,

Bank profile

Type Public company

Traded as NYSE: BAC

S&P 100 Component

S&P 500 Component

ISIN US0605051046

Industry Banking, Financial services

Predecessor Bank America


Founded October 17, 1904; 112 years ago (as Bank of Italy)

February 1930; 87 years ago (as Bank of America)

October 2000; 16 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$89.701 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)

Owner Berkshire Hathaway (7.09%)

Number of employees 208,000 (2016)

Divisions Bank of America Home Loans, Bank of America Merrill Lynch

Subsidiaries Merrill Lynch

Merrill Edge

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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