Bank of America
American multinational banking and financial services corporation
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| 2025 | Former United States President Donald Trump publicly accused Bank of America CEO Brian Moynahan of political debanking, calling for the bank to be more open to conservatives. |
| 2024 | Leo Lukensas III, a former US Army Special Forces Veteran working in the investment banking division, died from heart problems after experiencing a work culture with weeks exceeding 100 hours. Lukensas was reportedly seeking to leave the firm due to excessive working hours. His manager, Gary Howe, was removed from a leadership position following the incident. |
| 2023 | A Christian charity focused on charitable work in Africa had its account suddenly terminated by Bank of America without explanation, leading to media investigation and allegations of politically motivated debanking. |
| 2023 | The Consumer Financial Protection Bureau imposed $250 million in fines and compensation against Bank of America for multiple deceptive practices, including double charging insufficient funds fees, withholding credit card rewards, and opening unauthorized accounts without customer knowledge or permission. |
| May 2022 | CFPB ordered Bank of America to pay $10 million in penalties for illegal garnishments. |
| March 2022 | Filmmaker Ryan Coogler was wrongly detained by police at a Bank of America branch in Atlanta after attempting to withdraw cash. Despite having a valid California state ID and Bank of America card, he was initially treated as a potential bank robber. The bank later issued an apology for the incident. |
| January 6 2021 | Bank of America faced significant controversy for voluntarily providing extensive private customer profile information to law enforcement, covering individuals who were in specific locations during January 5-7, 2021, without being legally compelled to do so. |
| 2020 | Bank of America terminated the joint venture with Fiserv and established its own independent Merchant Services platform. |
| January 2020 | Bank of America hired new financial advisors specifically dedicated to assisting ultra-wealthy clients. |
| October 25 2019 | Capital Bank and First Tennessee Bank were unified and rebranded as First Horizon Bank. |
| June 2019 | Bank of America ended its tenancy in the TC Energy Center (formerly Bank of America Center) in Houston, Texas. |
| May 1 2019 | Bank of America implemented the initial minimum wage increase to $17.00 per hour for its employees. |
| April 9 2019 | Bank of America announced a plan to increase minimum wage, starting at $17.00 per hour and targeting $20.00 per hour by 2021. |
| 2018 | Bank of America was named the 'World's Best Bank' by Euromoney Institutional Investor in its Awards for Excellence. |
| October 2018 | Capital Bank announced it would lease two floors of the ten-story One Glenwood in Raleigh, including a sign on the building. |
| July 2018 | Omeed Malik, a former senior executive, received an eight-figure settlement in a $100 million arbitration case against Bank of America, alleging discrimination, retaliation, and breach of contract related to an investigation into alleged sexual misconduct. |
| June 30 2018 | Bank of America reached 25.3 million mobile users and reduced its retail banking branches to 4,411 locations by the end of June. |
| April 2018 | Bank of America announced a policy to stop providing financing to manufacturers of military-style weapons like the AR-15 rifle, citing a desire to contribute to reducing mass shootings. |
| February 2018 | Bank of America announced expansion into Ohio's three largest cities: Cleveland, Columbus, and Cincinnati. Columbus was selected as the state hub due to its central location, size, growth, and existing credit card call center. |
| January 2018 | Bank of America announced retail expansion into Pittsburgh and surrounding areas, supplementing its existing commercial lending and investment businesses in the region. |
| December 1 2017 | First Horizon National Corporation completed its $2.2 billion purchase of Capital Bank, with Gene Taylor added to the First Horizon board of directors. |
| 2016 | The company expanded its operations into Europe, extending its geographic reach beyond the United States and Canada. |
| October 26 2016 | Capital Bank completed its acquisition of CommunityOne Bank for $350 million, adding $2.4 billion in assets and 45 branches. |
| 2015 | Bank of America began organic expansion, opening branches in Denver, Minneapolis–Saint Paul, and Indianapolis, targeting markets with existing competitors like Chase Bank and Wells Fargo. |
| April 2014 | Consumer Financial Protection Bureau (CFPB) ordered Bank of America to provide $727 million in relief to consumers harmed by deceptive credit card add-on product practices. Approximately 1.4 million customers were affected by misleading marketing and 1.9 million were illegally charged for credit monitoring services they did not receive. |
| April 2014 | Bank of America sold two dozen branches in Michigan to Huntington Bancshares, with branch conversions completed in September. |
| January 2014 | Berkshire bank purchased 20 Bank of America branches in Central and Eastern New York for $14.4 million, covering the Utica/Rome region and Mohawk Valley. |
| 2013 | An intern at the Bank of America's London office died after working extremely long hours, reportedly working until 6am for three consecutive days. This incident sparked widespread debate about the bank's work culture and led to discussions about intern working hours in the financial industry. |
| 2013 | Became the largest U.S. merchant acquirer by Visa and Mastercard volume, processing $517 billion in payments. |
| 2012 | Bank of America cut approximately 16,000 jobs ahead of schedule, accelerating its Project New BAC cost-cutting program targeting 30,000 job eliminations. |
| April 18 2012 | The AIA's Florida Chapter placed the Miami Tower (formerly Bank of America Tower) on its list of Florida Architecture: 100 Years. 100 Places. |
| March 2012 | The Industrial Trust Building was vacated by Bank of America in March. |
| March 27 2012 | Capital Bank Financial Corp. agreed to buy Southern Community Financial Corp. for $2.88 a share, expected to bring $8.1 billion in assets and 165 branches. |
| 2011 | Bank of America began personnel reductions, targeting an estimated 36,000 job cuts with the aim of saving $5 billion annually by 2014. |
| December 2011 | Forbes ranked Bank of America's financial wealth 91st out of the nation's top 100 banks and thrift institutions. |
| June 2011 | NAFH filed with the SEC to raise up to $300 million in an initial public offering, which was postponed to 2012. |
| May 5 2011 | NAFH announced a $217 million deal for 90 percent of Green Bankshares Inc., adding 65 GreenBank branches and $2.5 billion in assets. |
| April 2011 | NAFH applied to the Comptroller of the Currency for a merger of all banks into NAFH National Bank, operating as Capital Bank, National Association. |
| January 28 2011 | NAFH completed a $181 million deal for 85 percent of Capital Bank, with Gene Taylor becoming CEO and replacing Grant Yarber. |
| 2010 | Bank of America completed construction of 1 Bank of America Center in Charlotte city center, a LEED-certified building with an accompanying hotel. |
| December 16 2010 | Capital Bank shareholders approved selling a majority interest to NAFH. |
| June 29 2010 | NAFH agreed to invest $175 million in TIB Financial Corp., with the right to invest an additional $175 million over the next 18 months. |
| March 2010 | The Office of the Comptroller of the Currency (OCC) granted NAFH a national bank charter. |
This contents of the box above is based on material from the Wikipedia articles Capital Bank Financial, Bank of America Merchant Services & Bank of America, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.