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Bank of America Memorabilia & BOA Corporate Gifts

By Edited Nov 13, 2013 0 0

bank of america logo current
Bank of America Corporation is an American multinational banking and financial services corporation. The bank is headquartered in Charlotte, North Carolina, but has significant offices in most major American cities.

Bank of America claims a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500.  It serves clients in more than 150 countries. The bank is part of the the S&P 500 Index and the Dow Jones Industrial Average.

As of 2010, Bank of America Corporation is the 5th largest company in the United States by total revenue, and the second largest non-oil company in the U.S. (after Walmart). Forbes listed Bank of America Corporation as the 3rd biggest company in the world in 2010.

With the Bank's 2008 acquisition of Merrill Lynch, the bank became the world's largest wealth management corporation and a major player in the investment banking market.

Bank of America Corporation is one of the Big Four banks in the United States, along with Wells Fargo, Citigroup, JPMorgan Chase. With very broad coverage, the Bank reports that it operates "in all 50 states, the District of Columbia and more than 40 non-U.S. countries". It has a "retail banking footprint" that "covers approximately 80 percent of the U.S. population" "and it serves approximately 57 million consumer and small business relationships" at "5,900 banking centers" and "18,000 ATMs".

Brief History of Bank of America

In 1904, Italian Amadeo Giannini founded the Bank of Italy in San Francisco thinking he could serve immigrants denied service by other banks. During the 1906 San Francisco earthquake, Giannini was able to save all deposits from the fires ravaging the city. Giannini used these funds and a makeshift desk consisting of a few planks over two barrels to start lending money to anyone who was willing to rebuild. Later in life, he took great pride in the fact that all of these emergency construction loans were repaid.

Bank of America, like all the big banks, is a product of many mergers, acquisitions and divestitures throughout its history. 
 
In 1922, Giannini moved into the Italian market as Bank of America and Italy by buying Banca dell'Italia Meridionale.  This was the first move into international banking by the company.

On March 7, 1927, Giannini consolidated the Bank of Italy's 101 branches with the Liberty Bank of America's 175 branches to form the Bank of Italy National Trust & Savings Association. Combined it had capital of $30 Billion, and resources of $115 Billion, a very large sum even today.

In 1928, that bank merged with Bank of America, Los Angeles to create what would become the largest banking institution in the country. On November 3, 1930 the Bank of Italy was renamed Bank of America, creating the brand in use today.
 
Transamerica Corporation was forcibly separated from Bank of America by federal anti-trust regulators.  It was not until the 1980's that new banking regulation allowed for bank holding companies to establish nationwide networks.
 
BankAmerica was acquired by NationsBank of Charlotte, North Carolina in October 1998 in what was the largest bank acquisition in history at that time. This shifted the Bank's headquarters to North Carolina from California, but although NationsBank was the nominal survivor, the merged bank carried the stronger brand name Bank of America Corporation. The combined bank still operates under Federal Charter 13044, which was granted to Giannini's Bank of Italy on March 1, 1927.
 
As part of the financial meltdown fallout, BOA acquired Country Wide Financial in 2008 for $4.1 billion and then saved Merrill Lynch & Co., Inc. from bankruptcy at the end of 2008  in an all-stock deal worth approximately $50 billion. Both operations continue, although Countrywide has been rebranded as BOA Home Loans.
 
Another claim to fame was the invention of the what is now known as the Visa Card in 1958 (introduced as the BankAmericard). A consortium of other California banks introduced Master Charge (now MasterCard) to compete with BankAmericard, creating the now worldwide rivalry between the two top credit card brands
 
Bank of America's Flagscape
The Bank of America uses the distinctive "flagscape" logo to brand the main retail bank and a number of subsidiaries. The flagscape comes in red and blue suggesting the American flag and the country knit together. Mono-chrome versions are used for other applications like branding on single color items.

Collectibles From Other Financial Companies

JP Morgan Chase Sign

JP Morgan Chase & Co Corporate Memorabilia

Forbes ranks JP Morgan Chase as largest public company with over $2.2 Trillion in assets.  Traded as JPM on the New York Stock Exchange the bank is part of the Dow Jones Industrial Average and the S&P 500 Indexes.

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