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Old 17th May 2016, 02:51 PM
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Default Bank of America CDC

Hi budy can you tell me short profile of Banc of America CDC (Community Development Corporation), as my cousin asking me about it ??
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Old 17th May 2016, 03:32 PM
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Default Re: Bank of America CDC

Banc of America CDC (Community Development Corporation), a real estate company, engages in development of homes and communities, it was formerly known as Nationsbank Community development Corporation and changed its name to Banc of America Community Development Corporation in September 1999.

Banc of America CDC (Community Development Corporation), was founded in 1992 and is based in Charlotte, North Carolina. Banc of America Community Development Corporation operates as a subsidiary of Bank of America, National Association.

Short info about the bank

TypePublic

Traded asNYSE: BAC

S&P 500 Component

IndustryBanking, Financial services

PredecessorBank America

NationsBank

FoundedOctober 17, 1904; 111 years ago (as Bank of Italy)

February 1930; 86 years ago (as Bank of America)

1998; 18 years ago (current)

FounderAmadeo Giannini

HeadquartersCharlotte, North Carolina, United States

Area servedWorldwide

Key peopleBrian T. Moynihan

Chairman & CEO

ProductsConsumer banking, corporate banking, finance and insurance,
investment banking, mortgage loans, private banking, private equity, wealth
management, credit cards,

Revenue US$82.50 billion (2015)

Operating income US$21.89 billion (2015)

Net income US$15.89 billion (2015)

Total assets US$2.14 trillion (2015)

Total equity US$256.2 billion (2015)

Number of employees220,000 (2015)

DivisionsBank of America Home Loans, Bank of America Merrill Lynch

SubsidiariesMerrill Lynch

U.S. Trust
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