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Headquarters:
100 North Tryon St. Website: http://www.bankofamerica.com Bank of America is one of the world's largest financial institutions. It serves over 59 million customers including businesses and individuals. The company has 6,100 bank locations in 29 states and the District of Columbia. It has over 19,000 ATMs and 12 million active online users. The company serves clients in 175 countries. It is the No. 1 Small Business Administration lender in the U.S. It also operates an investment bank under Bank of America Securities. Bank of America was originally headquarted in San Francisco. It merged with NationsBank in Charlotte in 1998 and retained the Bank of America name. Headquarters are now located in Charlotte. In 2005, the company acquired MBNA, a leading issuer of credit cards. MBNA is now part of Bank of America Card Services and the largest credit card issuer in the U.S. Bank of America has helped finance thousands of films since the earliest days of Hollywood. It also helped finance the construction of Disneyland in California. Bank of America generated record revenues in 2007 with $68.0 billion and net income of $14.98 billion. The company reported assets of $1.72 trillion and total deposits of $805.1 million. The company announced in January it would cut 650 jobs from its corporate and investment bank and sell the prime brokerage unit that caters to hedge funds. Bank of America was added to the Dow Jones Industrial Average Index in February. Benefits The company offers medical, dental, prescription drugs and vision coverage options for employees. Flexible spending accounts are also an option. Life, accident and disability insurance are also provided. Employees can contribute up to 30% of their pay toward a 401(k). After one year of service, Bank of America matches contribution up to 5% of pay. The company also adds to a pension account each month after one year of service. When you leave the company, you can receive your vested benefits in a lump sum if you choose. Bonuses and incentive programs are also offered. Commuter expenses can be paid for by employees on a pre-tax basis. Employees can also receive discounted mortgages through the company. Updated February 19, 2008
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