Bank of America, National Association
Charlotte, North Carolina, Mecklenburg County
$2.65T in total assets, the 2nd largest of 4,309 US banks and 1st of 39 headquartered in North Carolina.
- FDIC certificate
- 3510
- Established
- 1904
- Owned by
- Bank Of America Corp
- Primary regulator
- OCC
- Website
- www.bankofamerica.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.65T | 97% | $251B | |
| Loans | $1.21T | 97% | $144B | |
| Deposits | $2.12T | 97% | $212B | |
| Return on assets | 1.16% | 42% | 1.22% | |
| Net interest margin | 2.53% | 29% | 3.14% | |
| Efficiency ratio | 53.9% | 39% | 54.8% | |
| Equity to assets | 9.07% | 42% | 9.76% | |
| Loans to deposits | 57% | 32% | 74% |
Growth
Total assets grew 2.5% a year over the last 5 years and 4.8% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2020 | Recontrust Company, National Association Simi Valley, CA | $350M |
| Oct 2014 | FIA Card Services, National Association Wilmington, DE, an affiliate under the same holding company | $127B |
| Apr 2013 | Bank of America Oregon, National Association Portland, OR, an affiliate under the same holding company | $10.4B |
| Apr 2013 | Bank of America, Rhode Island, National Association Providence, RI, an affiliate under the same holding company | $19.8B |
| Nov 2009 | Merrill Lynch Bank & Trust Co., FSB New York, NY, an affiliate under the same holding company | $38.4B |
| Jul 2009 | Merrill Lynch Bank USA Salt Lake City, UT, an affiliate under the same holding company | $68.0B |
| Apr 2009 | Countrywide Bank, FSB Centennial, CO, an affiliate under the same holding company | $117B |
| Oct 2008 | LaSalle Bank National Association Chicago, IL, an affiliate under the same holding company | $63.4B |
| Oct 2008 | LaSalle Bank Midwest National Association Troy, MI, an affiliate under the same holding company | $37.6B |
| Jun 2008 | Bank of America Georgia, National Association Atlanta, GA, an affiliate under the same holding company | $93M |
| Feb 2008 | United States Trust Company , National Association New York, NY, an affiliate under the same holding company | $13.1B |
| Sep 2006 | MBNA America Delaware, National Association Wilmington, DE, an affiliate under the same holding company | $7.5B |
| Jun 2005 | Fleet National Bank Providence, RI, an affiliate under the same holding company | $213B |
| Dec 1999 | Bank of America Utah, National Association Salt Lake City, UT, an affiliate under the same holding company | $27.6B |
| Jul 1999 | Bank of America, National Association Charlotte, NC, an affiliate under the same holding company | $323B |
| Apr 1999 | Bank of America Texas, National Association Irving, TX, an affiliate under the same holding company | $5.3B |
| Nov 1998 | NationsBank of Tennessee, National Association Nashville, TN, an affiliate under the same holding company | $6.4B |
| Oct 1998 | Barnett Bank, National Association Jacksonville, FL, an affiliate under the same holding company | $42.4B |
| Oct 1998 | Community Bank of the Islands Sanibel, FL, an affiliate under the same holding company | $91M |
| Aug 1998 | NationsBank, National Association (Glenn County) Brunswick, GA, an affiliate under the same holding company | $225M |
| Jul 1998 | SUNWEST Bank of El Paso, National Association El Paso, TX, an affiliate under the same holding company | $635M |
| Jul 1998 | Boatmen's National Bank of Austin Austin, TX, an affiliate under the same holding company | $134M |
| May 1998 | NationsBank of Texas, National Association Dallas, TX, an affiliate under the same holding company | $62.9B |
| Jan 1998 | Sun World, National Association Santa Teresa, NM, an affiliate under the same holding company | $114M |
| Aug 1997 | Boatmen's National Bank of Batesville Batesville, AR, an affiliate under the same holding company | $161M |
| Aug 1997 | Boatmen's National Bank of Arkansas Little Rock, AR, an affiliate under the same holding company | $2.1B |
| Aug 1997 | Boatmen's National Bank of Russellville Russellville, AR, an affiliate under the same holding company | $174M |
| Aug 1997 | SUNWEST Bank of Albuquerque, National Association Albuquerque, NM, an affiliate under the same holding company | $3.2B |
| Aug 1997 | SUNWEST Bank of Raton, National Association Raton, NM, an affiliate under the same holding company | $94M |
| Aug 1997 | SUNWEST Bank of Clovis, National Association Clovis, NM, an affiliate under the same holding company | $190M |
| Aug 1997 | Boatmen's National Bank of Hot Springs Hot Springs, AR, an affiliate under the same holding company | $319M |
| Aug 1997 | Boatmen's Bank of Northeast Arkansas Jonesboro, AR, an affiliate under the same holding company | $283M |
| Aug 1997 | Boatmen's National Bank of Northwest Arkansas Fayetteville, AR, an affiliate under the same holding company | $548M |
| Aug 1997 | Boatmen's National Bank of Pine Bluff Pine Bluff, AR, an affiliate under the same holding company | $254M |
| Aug 1997 | Boatmen's National Bank of South Arkansas Camden, AR, an affiliate under the same holding company | $103M |
| Aug 1997 | Boatmen's National Bank of Northwest Iowa Spencer, IA, an affiliate under the same holding company | $122M |
| Aug 1997 | Boatmen's National Bank of Newark Newark, AR, an affiliate under the same holding company | $13M |
| Aug 1997 | Boatmen's National Bank of North Central Arkansas Bull Shoals, AR, an affiliate under the same holding company | $230M |
| Aug 1997 | Boatmen's National Bank of Conway Conway, AR, an affiliate under the same holding company | $195M |
| Aug 1997 | SUNWEST Bank of Grant County Silver City, NM, an affiliate under the same holding company | $130M |
| Aug 1997 | SUNWEST Bank of Roswell, National Association Roswell, NM, an affiliate under the same holding company | $175M |
| Aug 1997 | SUNWEST Bank of Santa Fe Santa Fe, NM, an affiliate under the same holding company | $331M |
| Aug 1997 | SUNWEST Bank of Farmington Farmington, NM, an affiliate under the same holding company | $92M |
| Aug 1997 | SUNWEST Bank of Las Cruces, National Association Las Cruces, NM, an affiliate under the same holding company | $100M |
| Aug 1997 | SUNWEST Bank of Hobbs, National Association Hobbs, NM, an affiliate under the same holding company | $88M |
| Aug 1997 | Boatmen's Bank of Fort Dodge Fort Dodge, IA, an affiliate under the same holding company | $108M |
| Aug 1997 | SUNWEST Bank of Gallup Gallup, NM, an affiliate under the same holding company | $173M |
| Aug 1997 | SUNWEST Bank of Rio Arriba, National Association Espanola, NM, an affiliate under the same holding company | $102M |
| Jul 1997 | Bank of America Illinois Chicago, IL | $16.6B |
| Jul 1997 | Bank of America Trust Company of Florida, National Association Boca Raton, FL | $6M |
| Jun 1997 | Boatmen's Bank of Southwest Missouri Carthage, MO, an affiliate under the same holding company | $282M |
| Jun 1997 | Boatmen's Bank of Kennett Kennett, MO, an affiliate under the same holding company | $138M |
| Jun 1997 | Boatmen's National Bank of Central Illinois Hillsboro, IL, an affiliate under the same holding company | $120M |
| Jun 1997 | Boatmen's National Bank of Lebanon Lebanon, MO, an affiliate under the same holding company | $119M |
| Jun 1997 | Boatmen's First National Bank of West Plains West Plains, MO, an affiliate under the same holding company | $164M |
| Jun 1997 | Boatmen's First National Bank of Kansas City Kansas City, MO | n/a |
| Jun 1997 | Boatmen's National Bank of Coles County Charleston, IL, an affiliate under the same holding company | $138M |
| Jun 1997 | Boatmen's Bank of Troy Troy, MO, an affiliate under the same holding company | $74M |
| Jun 1997 | Boatmen's Bank of Franklin County Benton, IL, an affiliate under the same holding company | $180M |
| Jun 1997 | Boatmen's Osage Bank Butler, MO, an affiliate under the same holding company | $121M |
| Jun 1997 | Boatmen's National Bank of Boonville Boonville, MO, an affiliate under the same holding company | $60M |
| Jun 1997 | Boatmen's Bank of Mid-Missouri Columbia, MO, an affiliate under the same holding company | $343M |
| Jun 1997 | Boatmen's River Valley Bank Lexington, MO, an affiliate under the same holding company | $84M |
| Jun 1997 | Boatmen's Bank of Marshall Marshall, MO, an affiliate under the same holding company | $80M |
| Jun 1997 | Boatmen's Bank of Quincy Quincy, IL, an affiliate under the same holding company | $215M |
| Jun 1997 | Boatmen's Bank of South Central Illinois Mount Vernon, IL, an affiliate under the same holding company | $267M |
| Jun 1997 | Boatmen's Bank of Rolla Rolla, MO, an affiliate under the same holding company | $116M |
| Jun 1997 | Boatmen's Bank of Pulaski County Richland, MO, an affiliate under the same holding company | $55M |
| Jun 1997 | Boatmen's Bank of Vandalia Vandalia, MO, an affiliate under the same holding company | $48M |
| Jun 1997 | NationsBank, National Association (South) Atlanta, GA, an affiliate under the same holding company | $46.1B |
| Jan 1997 | Bank of America NW, National Association Seattle, WA | $16.6B |
| Jan 1997 | Bank of America, National Association Las Vegas, NV | $4.4B |
| Jan 1997 | Bank of America-Alaska, National Association Anchorage, AK | $225M |
| Jan 1997 | Bank of America Arizona Phoenix, AZ | $8.9B |
| Jan 1997 | Bank of America New Mexico, National Association Albuquerque, NM | $951M |
| Sep 1996 | Bankamerica National Trust Company New York City, NY | $159M |
| Jul 1996 | Bank of America Oregon Portland, OR | $3.6B |
| Apr 1996 | NationsBank Trust Company, National Association Washington, DC, an affiliate under the same holding company | $67M |
| Sep 1995 | NationsBank, National Association Richmond, VA, an affiliate under the same holding company | $29.4B |
| Jan 1995 | NationsBank of South Carolina, National Association Columbia, SC, an affiliate under the same holding company | $8.7B |
| Oct 1993 | First American Federal Savings Bank Greensboro, NC | $338M |
| Apr 1992 | Security Pacific National Bank Los Angeles, CA | $50.5B |
| Aug 1991 | Santa Barbara Federal Savings and Loan Association Santa Barbara, CA | $2.5B |
| Nov 1990 | Southwest Federal Savings Association Los Angeles, CA | $511M |
| May 1990 | Carolina Mountain Bank Highlands, NC | $58M |
| Apr 1990 | First Federal Savings and Loan Association Bakersfield, CA | $103M |
| Apr 1990 | The Guardian Federal Savings and Loan Association Bakersfield, CA | $16M |
| Sep 1989 | Great Atlantic Savings Bank FSB Manteo, NC | $110M |
| Dec 1982 | Bank of North Carolina, National Association Jacksonville, NC | n/a |
| Dec 1981 | Carolina First National Bank Lincolnton, NC | n/a |
| Dec 1979 | The Bank of Asheville Asheville, NC | n/a |
| May 1974 | The First National Bank of Mount Airy Mount Airy, NC | n/a |
| Mar 1973 | Citizens Bank and Trust Co. Henderson, NC | n/a |
| Dec 1972 | The Bank of New Bern New Bern, NC | n/a |
| Jul 1972 | The Farmers Bank Woodland, NC | n/a |
| May 1972 | Carolina Bank of Commerce Eden, NC | n/a |
| Jan 1972 | The Banner Elk Bank Banner Elk, NC | n/a |
| Feb 1971 | Bank of Washington Washington, NC | n/a |
| Aug 1970 | The State Commercial Bank Thomasville, NC | n/a |
| Feb 1970 | Marion Bank and Trust Company Marion, NC | n/a |
Where they operate
3598 branches in 443 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Mecklenburg County, NC | $290B | 71.1% | 1 of 35 |
| San Francisco County, CA | $221B | 65.4% | 1 of 46 |
| Dallas County, TX | $139B | 41.8% | 1 of 109 |
| New York County, NY | $91.2B | 4.8% | 5 of 83 |
| Los Angeles County, CA | $78.7B | 15.4% | 2 of 91 |
| Suffolk County, MA | $62.6B | 16.4% | 2 of 36 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 1,221 branches since 2016 (4,819 to 3,598, −25.3%). 372 opened, 0 acquired, 1,593 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 4,819 | |||
| 2016 | Sold 39 branches to 6 banksOpened 25 in 13 states, closed 162 in 30 states | 25 | 201 | −176 | 4,643 |
| 2017 | Opened 30 in 11 statesClosed 140 in 26 states | 30 | 140 | −110 | 4,533 |
| 2018 | Opened 20 in 11 statesClosed 204 in 25 states | 20 | 204 | −184 | 4,349 |
| 2019 | Sold 1 branch to The Camden National BankOpened 31 in 14 states, closed 127 in 26 states | 31 | 128 | −97 | 4,252 |
| 2020 | Opened 36 in 14 statesClosed 40 in 17 states | 36 | 40 | −4 | 4,248 |
| 2021 | Opened 56 in 16 statesClosed 213 in 24 states | 56 | 213 | −157 | 4,091 |
| 2022 | Opened 49 in 16 statesClosed 312 in 29 states | 49 | 312 | −263 | 3,828 |
| 2023 | Opened 47 in 18 statesClosed 85 in 21 states | 47 | 85 | −38 | 3,790 |
| 2024 | Opened 39 in 19 statesClosed 154 in 24 states | 39 | 154 | −115 | 3,675 |
| 2025 | Opened 32 in 16 statesClosed 94 in 24 states | 32 | 94 | −62 | 3,613 |
| 2026 through Q2 | Opened 7 in 6 statesClosed 22 in 13 states | 7 | 22 | −15 | 3,598 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 27% | 18% | |
| 1-4 family residential | 21% | 19% | |
| Consumer | 13% | 20% | |
| Commercial real estate | 5% | 7% | |
| Construction and land | 1% | 2% | |
| Multifamily | 1% | 3% | |
| Other | 33% | 31% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 62% | 72% | |
| Noninterest-bearing | 29% | 15% | |
| Time deposits | 9% | 13% |
Brokered deposits are 3.8% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.83% | 0.86% |
| Net charge-offs, annualized | 0.47% | 0.35% |
| Reserves to loans | 1.08% | 1.49% |
| Leverage ratio | 7.11% | 9.49% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Carolina
Largest competitors in Mecklenburg County, NC
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/america