Bank of America is still called Bank of America, and the company’s full name is Bank of America Corporation. The modern Bank of America Corporation was formed when BankAmerica was acquired by Nations Bank in 1998, though parts of the company date back over 200 years.
Another major change at Bank of America came with the acquisition of Merrill Lynch in 2008. After Bank of America acquired Merrill Lynch, they called their investment banking and trading operations division Bank of America Merrill Lynch, but it was renamed BofA Securities in 2019. Bank of America kept the name Merrill for its wealth management division.
This answer was first published on 10/12/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
