Bank of America is basically one of the major commercial bank in the world and which headquarter is in the charlotte in the North Carolina. The official website of BofA is www.bankofamerica.com. It mainly provides many facilities to its customers and more than 50 million customers are there and 19000 ATMs and more than 6100 retail banking offices and it also provides online services and more than 20 million customers using this facility.
BofA is second largest bank in terms of market capitalization and largest commercial bank by the deposit in the America. It also has a relationship with more than 95% of the fortune 500 companies.
The bank was established in the year 1904 by Amadeo Peter Giannini in San Francisco specially for the farmers who came from Italy. When bank taken over by previous nations banks in 1998 then it known as Bank of America. There are mainly many mergers and acquisitions are there like merger with FleetBoston Financial, purchase of US Trust, acquisition of Countrywide Financial, acquiring MBNA and National Processing Company.
In the Hyderabad its first branch was started in India in a year 1960 and after 3 years in 1999 it added four more branches. In a year 2005 Indian branch of bank of America create a profit of Rs.144 crore and after that BPO operation of the bank are handled in the Hyderabad, Mumbai and Gurgaon. 85% of the revenue of the bank is generated from the domestic market and major divisions for that income are Corporate Division, Consumer Division, Investment Management Division and the International Operations Division.
There are many products also offer by Bank of America like retirement plan, mortgage plan, credit card service, insurance, equity, online banking and personal loans.
Access Your Bank of America Credit Card Account Online by Login on: http://www.bankofamerica.com/creditcards/index.cfm?template=manage_card
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