Who owns Bank of America Corporation?
Isabella Turner
Updated on January 10, 2026
Bank of America
| The Bank of America Corporate Center, headquarters of Bank of America in Charlotte, North Carolina | |
|---|---|
| Total assets | US$2.819 trillion (2020) |
| Total equity | US$272.92 billion (2020) |
| Owners | Berkshire Hathaway (11.9%) The Vanguard Group (7.1%) BlackRock (6.2%) |
| Number of employees | 213,000 (2020) |
Does Bank of America offer trust services?
At Bank of America, we have the objectivity and resources to handle trusts and estates, from the simplest to the most complex. In fact, we’ve been doing it for many generations. I encourage you to contact an advisor to learn more about Bank of America Trust Services.
What happened to us trust?
Two of the most vaunted names in banking are fading into retirement. Bank of America said Monday it will gradually retire the U.S. Trust brand to become the Bank of America Private Bank. The move is part of CEO Brian Moynihan’s “one-company” strategy to more closely align the bank’s various businesses and branding.
Who did Bank of America take over?
Merrill Lynch
Bank of America’s Takeover of Merrill Lynch. Bank of America agreed to pay $2.43 billion to settle a class-action lawsuit with investors who owned or bought its shares when the bank purchased Merrill Lynch in 2008.
What bank is associated with US Trust?
Bank of America Private Bank
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. It operated independently until 2000, when it was acquired by Charles Schwab, and Co. and subsequently sold to, and became a subsidiary of, Bank of America in 2007.
Who owns US Trust now?
Bank of America
Bank of America, National Association
Bank of America Private Bank/Parent organizations
When did Bank of America acquire US Trust?
To gain a strong position in the wealth-management business, Bank of America in 2007 acquired U.S. Trust Corporation, an investment firm that manages investments for high-net-worth individuals.
When was the Bank of America Corporation formed?
Bank of America, in full Bank of America Corporation, one of the largest banking and financial services corporations in the United States. It was formed through NationsBank’s acquisition of BankAmerica in 1998.
When did Bank of America buy out Schwab Trust?
It operated independently until 2000, when it was acquired by Charles Schwab, and Co., and subsequently was sold to, and became a subsidiary of, Bank of America in 2007. U.S. Trust provides investment management, wealth structuring, and credit and lending services to clients.
What kind of business does Bank of America do?
Bank of America is one of the world’s leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services.
