Bank of America

From WikiCover

Bank of America serves individual consumers, small and middle market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk-management products and services. The company serves more than 57 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs, and online banking with more than 22 million active users. Bank of America is the top overall Small Business Administration (SBA) lender in the United States and the number one SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500.

On August 22, 2007, Bank of America Corporation today announced it has made an investment in Countrywide Financial Corporation, the largest mortgage lender in the United States. Bank of America will invest $2 billion in the form of a non-voting convertible preferred security yielding 7.25 percent annually. The security can be converted into common stock at $18 per share.

Website: http://www.bankofamerica.com/