Bank of America

In virtually every ranking of corporations by size, Bank of America comes out near the top. It is the largest bank holding company in the US by assets and the second largest by market capitalization. As a corporation, it is the fifth largest in the US by total revenue and the second largest non oil company, trailing only Walmart. Perhaps most impressively, Bank of America has a business relationship with 99% of Fortune 500 companies.

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Despite its patriotic name, Bank of America originated as the Bank of Italy. It was formed in 1904 in San Francisco by an Italian immigrant named Amadeo Giannini in order to provide banking services for immigrants that were denied services from other banks. In 1906 San Francisco was rocked by a major earthquake and Giannini personally rescued all of the deposits from the bank. Other banks were unable to access their funds for weeks, but Giannini began immediately providing loans for individuals and businesses rebuilding from the disaster. The Bank of Italy expanded into the homeland in 1922 when it bought out an Italian bank, and renamed itself the Bank of America and Italy. The final rename to Bank of America happened following the 1928 merger with Bank of America Los Angeles.

The history of Bank of America is a retelling of the history of twentieth century banking regulation. The company was forced to sell off its banking business outside of California in the 1960's and it wasn't until the 1980's that BofA once again expanded outside the Golden State.




Today Bank of America employs slightly less than three hundred thousand people. In 2009, corporate revenues topped $150 Billion. As a bank, BofA has nearly 6000 branches and over 18,000 ATM's. Currently Hound lists 194 jobs with Bank of America, culled straight from the company web page. The vast majority of these jobs are not found on any other job boards, but can be seen on Hound along with over 600,000 other current job openings.

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