| Business Summary | | Bank
of
America
Corp.
is
a
bank
and
financial
holding
company.
Through
its
banking
subsidiaries
and
various
non-banking
subsidiaries,
the
Company
provides
a
diversified
range
of
banking
and
non-banking
financial
services
and
products,
primarily
throughout
the
mid-Atlantic,
including
Maryland,
Virginia
and
the
District
of
Columbia;
the
Midwest,
including
Illinois,
Iowa,
Kansas
and
Missouri;
the
southeast,
including
Florida,
Georgia,
North
Carolina,
South
Carolina
and
Tennessee;
the
southwest,
including
Arizona,
Arkansas,
New
Mexico,
Oklahoma
and
Texas;
the
northwest,
including,
Oregon
and
Washington;
and
the
west,
including
California,
Idaho
and
Nevada,
and
in
selected
international
markets.
The
Company
operates
in
four
business
segments:
Consumer
and
Commercial
Banking,
Asset
Management,
Global
Corporate
and
Investment
Banking
and
Equity
Investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BAC
provides
a
diversified
range
of
banking
and
certain
non-banking
financial
services
and
products
through
its
various
subsidiaries.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
3%
to
$20.17
billion.
Net
interest
income
after
loan
loss
provision
fell
2%
to
$8.03
billion.
Net
income
applicable
to
Com.
fell
10%
to
$3.89
billion.
Results
reflect
decreased
core
average
earning
assets
and
higher
trade
account
liabilities,
and
higher
marketing
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kenneth Lewis, 53 Chairman,
Pres, CEO | $2.6M | James Hance, Jr., 56 Vice
Chairman, CFO | 2.6M | Edward Brown III, 52 Pres,
Global Corp. and Investment Banking | 3.2M | Marc Oken, 54 Exec.
VP and Principal Financial Exec. | -- | F. Williiam Vandiver, Jr., 58 Corp.
Risk Management Exec. | 2.4M | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|