The Bank of America Corporation, also called BoA or BofA, is an American multinational financial services holding organization and investment bank. It is headquartered at the Bank of America Corporate Center, Charlotte, North Carolina, United States. This entity was founded by the merger of Bank of America and NationsBank in 1998. Now, it is the second-biggest bank in the world in terms of market capitalization and the second-largest banking institution in the United States. According to the data, this organization serves an estimated 10% of all American bank deposits.

Dating back to its history, this entity was founded in California, Los Angeles, in 1923 and was established with Giannini as a minority investor. Later on, the Bank of Italy of San Fransisco procured it in 1928 and renamed to Bank of America National Trust and Savings Association on 3 November 1930. Giannini merged his institution with the Bank of America, headed by Orra E.