Ramses Delgado, Banking Moderator
@ramses_delgado1
Bank of America, as we know it today, was actually formed through a merger, not a takeover. In 1998, NationsBank, based in Charlotte, North Carolina, acquired BankAmerica Corporation, based in San Francisco. This merger created the Bank of America that we know today.
So, it wasn't a situation where another bank came in and took over Bank of America. Instead, it was a major merger between two large banking institutions that resulted in the formation of a new entity under the Bank of America name.
Since then, Bank of America has acquired many banks and financial institutions, including Merrill Lynch, Countrywide Financial, FleetBoston, and LaSalle Bank.
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