BANK OF AMERICA CORP /DE/

Bank of America Corporation is a Delaware corporation and a bank holding company (BHC) with its principal executive offices located in the Bank of America Corporate Center, Charlotte, North Carolina. The company is one of the world's largest financial institutions, providing a diversified range of banking and nonbank financial services and products through four business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The company's website is www.bankofamerica.com, and its ticker symbol is BAC. The company values diversity and inclusion, with a commitment to fair and equitable compensation, and invests in employee development and wellness programs. The company is subject to extensive regulation and supervision by various regulatory agencies, including the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Financial Industry Regulatory Authority, New York Stock Exchange, Commodity Futures Trading Commission, and various foreign regulatory bodies. The company is also subject to laws and regulations regarding bribery and corruption, know-your-customer requirements, anti-money laundering, embargo programs, and economic sanctions. The company's source of strength lies in its ability to act as a financial strength to each subsidiary bank and commit resources to support them. The company is subject to restrictions on transactions with affiliates and is required to maintain regulatory capital levels above minimum requirements plus buffers and non-capital standards. The company is also required to submit a plan for a rapid and orderly resolution in the event of material financial distress or failure.