About Bank of America, N.A.
Bank of America, N.A. is the second-largest commercial bank in the United States with over $2.51 Trillion in total assets. Serving tens of millions of consumer households and business clients across all 50 states, Bank of America operates thousands of financial centers, Merrill wealth advisory services, and global corporate investment banking.
Financial Scale and Asset Performance
According to recent FDIC call report data, Bank of America, N.A. holds $2,518,290 Million in total consolidated assets, ranking it #2 out of more than 2,000 insured commercial banking institutions in the United States. Of its total holdings, $2,392,162 Million represent domestic U.S. deposits and investments, representing approximately 95% of its total balance sheet.
Branch Network & Regulatory Oversight
The bank currently maintains a domestic network of 3,804 retail banking centers across the United States. Under its NAT charter classification, Bank of America, N.A. is subject to primary supervisory examination by the Office of the Comptroller of the Currency (OCC) alongside FDIC insurance coverage for eligible deposit accounts up to $250,000 per depositor.
Key Profile Summary: Bank of America
- Official Legal Name: BANK OF AMER NA/BANK OF AMER CORP
- National Asset Rank: #2
- Parent Holding Co: BANK OF AMER CORP
- Primary Regulator: Office of the Comptroller of the Currency (OCC)
- Official Website: https://www.bankofamerica.com