The U.S. bank headquartered in Charlotte, North Carolina, and ranked second-largest by assets is Bank of America.
Bank of America is one of the country’s largest financial institutions, serving consumers, businesses, institutional clients, and governments. Its modern identity was shaped by the 1998 merger of NationsBank and BankAmerica; the combined company retained the Bank of America name and established its headquarters in Charlotte.
The bank’s operations include consumer banking, credit cards, lending, wealth management, corporate banking, and investment banking. Its nationwide branch and ATM network makes it one of the most familiar American banking brands, although its size is measured in several different ways.
A common source of confusion is the ranking criterion. Banks can be compared by total assets, deposits, market capitalization, revenue, or branch count, and rankings can change as balance sheets change. By consolidated assets, JPMorgan Chase is generally first among U.S. banks, with Bank of America next. The exact figures vary by reporting date.