Overview of the Bank of America
Bank of America was established in 1904 and is one of the largest banks in the United States as well as one of the most important banks in the country and in the world. The bank’s main office is located in the city of Charlotte in North Carolina. The bank currently has total assets of $2,513.6 billion, total net loans outstanding to customers of $981.0 billion and total customer deposits of $2,150.3 billion. In addition, the FDIC estimates that 37% of the bank’s domestic deposits are insured. The bank currently has a total employee base of 134,978 people. Bank of America is also a bank that uses Zelle – this means that its customers can transfer money quickly and for free using the Zelle Network.
Other Information for The Bank of America
- Bank of America Routing Number: 026009593
- Main Office Address: 100 N Tryon St, Charlotte, NC 28202
- Website: www.bankofamerica.com
- Total Number of Branches: 4,331
- Total Number of International Branches: 229
- Number of Employees: 134,978
- FDIC Certificate Number: 3510
- FDIC Community Bank: No
- FDIC Field Office: Charlotte
- Independent or Subsidiary Bank: Independent
- Federal Reserve ID Number: 480228
- Bank Charter Class: N
- Primary Regulator: OCC
Bank of America Financial Metrics (as of March 2022):
- Total Assets: $2,513.6 billion (increase of 8.5% vs. prior year)
- Net Loans: $981.0 billion (increase of 11.0% vs. prior year)
- Total Deposits: $2,150.3 billion (increase of 9.7% vs. prior year)
- Return on Equity: 10.0%
- Return on Assets: 0.93%