History of Bank of America Bank of America is the world's largest financial institutions that serve consumers, large corporations and small and middle market businesses. Bank of America offers a full range of investing, banking, risk management products, asset management products and various other services. They provide convenience that is the best in the United States and serves approximately 57 million small business and consumer relationships. Bank of America has more than 5,700 retail banking offices, over 17,000 ATMs and online banking with approximately 23 million users. Bank of America is the leader in Small Business Administration also known as SBA and the main lender to small businesses owned by minorities. They have clients in 175 countries and very close relationships with a large majority of the US Fortune 500 companies and a close majority of the Fortune Global 500. Bank of America Corporation is also listed on the New York Stock Exchange as NYSE:BAC When it comes to online banking, Bank of America is the number one leader of online financial services. Their online banking site can be found at www.bankof america.com. Bank of America has the majority of online bankers in the world according to Financial Insights. Their online banking site is at the top of 50 US based Internet properties with unique monthly visitors. In addition, Bank of America is the leader in business and financial sites that is according to comScore Media Matrix. Javelin Strategy & Research has listed Bank of American as the number one leader in safety giving a scorecard several years in a row. Their unique safety product is called the SiteKey, which is a security service, which gave Bank of America the edge in security winning them the Webby Award in 2006, and the Peoples' Choice Award Webby in 2006 and 2007. Bankofamerican.com has the best online banking consumer site according to Global Finance magazine. According to Nielsen/NetRatings, Bank of America is at the top for online full service banks in terms of audience, active reach on site and page views. Bank of America's legendary fame does not stop there. They are also in the oil and gas industries with Banc of America Securities' Global Natural Resources Group. This group provides financial solutions that are customized to suit each customers' needs and provides services to clients corporate and investment bank in the wide spectrum of energy and power. The group assists clients to capitalize on strategic opportunities and lends optimum performance to their businesses. Bank of America's mainly put their focus on energy with regards to integrating major oil, Oilfield services and coal just to name a few. They also split their focus on power with utilities that include electric, gas and water. They have given financial advice and support to all sectors of energy and power for over 70 years. $20 billion has been committed to over 200 relationships with $120 billion raised in capital for debt and equity since 2005. In the first half of 2006 Bank of America ranked in the top five for exploration & production of major integrated oil midstream, marketing sectors, and refining sectors. Bank of America has tirelessly contributed time and money to major issues that affect our country and our world. They care about the environment with committing to a ten-year environmental initiative costing over $20 billion. Banc of America Securities' Global Consumer and Retail Group have provided solutions for clients that need to meet unique business objectives. Even in franchises and restaurants, Banc of America recognizes the special needs required by this industry giving unique solutions reducing the cost of overhead thus improving profitability, giving the benefit of employee relationships and in addition managing personal finances.
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