Bank of America serves more than 38 million consumer and small business relationships in the nation’s fastest-growing and most diverse communities. Sales, service and fulfillment are provided through more than 5,800 banking centers and nearly 17,000 ATMs in 29 states and the District of Columbia. We also offer our customers the leading online banking service in the United States, with more active online bill payers than all competing banks combined, as well as a 24-hour telephone banking service that earns high ratings for speedy and easy self-service. With product and sales teams coordinating closely within these various distribution channels, Bank of America has grown to become the nation’s largest provider of checking and savings services, the No. 1 credit and debit card provider (effective with completion of the MBNA merger on Jan. 1, 2006), the No. 1 small business lender, the leading home equity lender and the fifth-largest originator of
consumer mortgages.
Global Wealth and Investment Management delivers comprehensive financial solutions to more than 2 million individual and institutional clients worldwide. It includes Premier Banking and Investments, which delivers financial solutions through full-service banking and investment products to affluent clients; The Private Bank of Bank of America, which provides investment, trust and integrated banking, and lending services to wealthy clients; and Family Wealth Advisors at The Private Bank, which serves the complex financial needs of the very wealthy. It also includes Columbia Management, one of the world’s largest asset managers and the provider of proprietary asset management products to retail and institutional investors. It is among the 10 largest U.S. wealth managers (ranked by private banking assets under management in accounts of $1 million or more as of June 30, 2005), the 10 largest U.S. mutual fund managers, and the five largest global money market fund managers by assets under management as of Dec. 31, 2005.
Global Business and Financial Services serves midsize domestic and international business clients of Bank of America. The unit, combined in 2006 with Global Capital Markets and Investment Banking to form the new Global Corporate and Investment Banking unit, provides innovative financial services, specialized industry expertise and local delivery through a global team of client managers and a diverse mix of market-leading businesses, including Global Treasury
Services, Middle Market Banking, Commercial Real Estate Banking, Dealer Financial Services, Business Banking, Leasing and Business Capital. It also includes our businesses in Latin America. Bank of America is the predominant middle market bank in the United States, providing financial solutions such as capital markets, investment banking and traditional banking services. We also are the No. 1 global treasury services provider, the leading bank-owned asset-based lender and the leading provider of financial services to commercial real estate businesses.
Global Capital Markets and Investment Banking is an integrated corporate and investment bank that provides issuer clients with innovative, comprehensive capital-raising solutions and advisory services, as well as traditional bank
deposit and loan products, cash management and payment services. Investor clients are served through equity
and debt research, secondary trading
capabilities and financing activities in fixed income and equity markets. Clients benefit from extensive derivative and
other risk-management products. Through offices in more than 27 countries, it serves domestic and international corporations, including most of the Fortune 500,
institutional clients, financial institutions and government entities. Many of our services are provided through our U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America
Securities Limited.
