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Bank of America
About
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
- Charlotte,North Carolina,United States
- https://www.bankofamerica.com
Details
- Last Funding Type
- Post-IPO Equity
- Last Funding Money Raised
- $800M
- Industries
- Asset Management,Banking,Finance,Financial Services,FinTech
- Founded date
- Jan 1, 2007
- Operating Status
- Active
- Stock Symbol
- nyse:BAC
- Legal Name
- Bank of America Corporation
- Also Known As
- Bank of America NA,Bank of America National Association
- Investor Type
- Investment Bank
- Sub-Organizations
-
Seafirst Bank
Security Pacific National Bank
Bank of America is a financial institution, serving individual consumers, small- and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.They serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. It offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries.Bank of America is a wealth management company specializing in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions, and individuals around the world.Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. It was founded in 1998 and is headquartered in Charlotte, North Carolina, United States.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jul 28, 2020 | Post-IPO Equity | $400M | 1 |
Berkshire Hathaway
|
— | Detail |
| Jul 23, 2020 | Post-IPO Equity | $800M | 1 |
Berkshire Hathaway
|
— | Detail |
| Dec 17, 2018 | Post-IPO Equity | — | — | — | — | Detail |
| Jan 13, 1978 | IPO | — | — | — | — | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Jan 13, 2023
Taseko Mines
|
Post-IPO Debt | $25M | Mining | Yes |
|
Jan 11, 2023
Xpansiv
|
Private Equity（PE） | $125M | Financial Services | Yes |
|
Jan 4, 2023
Illumina
|
Post-IPO Debt | $750M | Biotechnology | Yes |
|
Dec 30, 2022
Trimble
|
Post-IPO Debt | $1B | Indoor Positioning | Yes |
|
Dec 21, 2022
Taiga Building Products
|
Post-IPO Debt | $250M | Building Material | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Berkshire Hathaway
|
Yes | Post-IPO Equity |
Employee Profiles
Exits
Bank of America has had 54 exits. Bank of America most notable exits include Tillhub , Clenera
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| Apr 15, 2022 | Tillhub | M&A | Cloud Computing | Detail |
| Jun 30, 2021 | Clenera | M&A | Energy | Detail |
| Feb 12, 2021 | DRI Healthcare Trust | IPO | Biopharma | Detail |
| Oct 29, 2020 | Advantage Solutions | M&A | Consumer | Detail |
| Oct 16, 2020 | BIDS Trading | M&A | Financial Services | Detail |
Acquisition
Bank of America has acquired 9 organizations. Their most recent acquisition was FleetBoston Financial Group on Oct 27, 2003. They acquired FleetBoston Financial Group for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Oct 27, 2003
FleetBoston Financial Group
|
Banking | acquisition | — | Detail |
|
Jul 13, 2004
TransMerit Merchant Services
|
Payments | acquisition | — | Detail |
|
Jun 30, 2005
MBNA
|
Banking | acquisition | — | Detail |
|
Sep 11, 2006
HealthLogic Systems Corporation
|
Health Care | acquisition | — | Detail |
|
Nov 20, 2006
U.S. Trust
|
Financial Services | acquisition | — | Detail |
