After suffering a significant loss after the 1998 Russian bond default, BankAmerica, as it was then known, was acquired by the Charlotte-based NationsBank for ...History · Operations · Charitable efforts · LawsuitsFounded: 1998 (via the merger of BankAmerica & NationsBank); 1956 (as BankAmerica); 1784 (as its predecessor, the Massach...
Headquarters: Bank of America Corporate Center; Charlotte, North Carolina, United States
Number of locations: 4,600 retail financial centers & approximately 16,200 ATMs
Number of employees: 200,000 (2020)
Headquarters: Bank of America Corporate Center; Charlotte, North Carolina, United States
Number of locations: 4,600 retail financial centers & approximately 16,200 ATMs
Number of employees: 200,000 (2020)
BankAmerica continued to operate its new subsidiary as Seafirst rather than Bank of America until the 1998 merger with NationsBank. However, D.E. Shaw suffered significant loss after the 1998 Russia bond default. In 1998, Bank of America possessed combined assets of $570 billion, as well as 4,800 branches in 22 states.