Bank of America, National Trust and Savings Association (NT&SA) was the primary bank subsidiary of BankAmerica Corp. A.P. Giannini chose this unusual extension for the bank's name in order to highlight its multiple functions when it converted from a state charter to a national one. The bank was founded as Bank of Italy on October 17, 1904.
The bank retained the "NT&SA" designation until being renamed to Bank of America, N.A., as part of BankAmerica Corp.'s merger with NationsBank in 1998.
References edit
  | This bank and insurance-related article is a stub. You can help Wikipedia by expanding it. |