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18th September 2017, 11:12 AM
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Join Date: Aug 2012
Re: Bank Of America HAS

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

Yes Bank of America offers a suite of health accounts-including Health Savings Accounts (HSAs), FSAs & HRAs-to help you save money on health care costs. Bank of America makes available The HSA for Life Health Savings Account as a custodian only. The HSA for Life is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code Section 223. However, the account beneficiary that establishes the HSA is solely responsible for ensuring that he/she satisfies the Health Savings Account eligibility requirements set forth in Section 223.

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

NationsBank

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)

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

Moodys: Baa1 (10/2016)

S&P: BBB+ (10/2016)

Fitch: A (10/2016)


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