Parent Company Summary

Parent Company Name: 
Bank of America
Ownership Structure: 
publicly traded
Headquartered in: 
North Carolina
Industry: 
banking
Subsidy SummarySubsidy ValueNumber of Subsidies
State/Local$202,274,664132
Federal (grants and allocated tax credits)$454,984,84711
TOTAL$657,259,511143
Loan / Bailout SummaryTotal Face ValueNumber of Awards
Federal loans, loan guarantees and bailout assistance (not including repayments)$3,496,780,985,709709
Time Period for State and Local Awards: 

Earliest year of data: 1997. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2010.

Time Period for Federal Awards: 

FY2000 to the present

Notes: 

Dollar totals do not include awards for which no subsidy value is available.

Associated Names: 

Banc of America Securities LLC; Merrill Lynch Government Securities Inc.; Merrill Lynch Government Securities Inc.-London; Countrywide Securities Corporation; Bank of America; BANC OF AMER SCTY; BANK OF AMERICA NA; BANK OF AMERICA CORPORATION; Bank of America Auto Trust 2009-1; Banc of America Commercial Mortgage Trust 2007-3; MBNA MARKETING SYSTEMS INC; Banc of America Commercial Mortgage Inc. Series 2005-5; FIA CARD SVC NA; Bank of America, N.A. ; Merrill Lynch Mortgage Trust 2004-KEY2; Banc o [...]

Links: 

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

To see how this company's federal lobbying expenses and campaign contributions compare to its federal subsidies and contracts, check out the Sunlight Foundation's Fixed Fortunes report.

For more on the links between this company's federal political spending and its positions on proposed legislation, see its Maplight page.


Top 5 States for state/local awardsTotal Subsidy $Number of Subsidies
New York$71,077,79117
New Jersey$37,496,8005
Illinois$27,037,6991
Texas$20,000,00016
Florida$12,648,4225
All other$34,013,95288

Individual Subsidy Records:

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Company Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
Bank of America N.A. United States federal 2009 $417,097,130 federal grant
Merrill Lynch & Co., Inc. New Jersey state 2000 $31,096,800 grant/low-cost loan
BA Leasing BSC, LLC United States federal 2014 $27,188,013 federal grant
LaSalle Street Capital, Inc. Illinois local 2003 $27,037,699 tax increment financing
Bank of America (formerly Countrywide Financial) Texas state 2004 $20,000,000 grant/low-cost loan
Bank of America Corporation New York local 2004 $19,674,823 tax credit/rebate; property tax abatement
Bank of America, N.A New York local 2004 $19,674,823 tax credit/rebate; property tax abatement
Merrill Lynch & Co., Inc. New York local 1997 $12,306,686 tax credit/rebate; property tax abatement
Bank of America Corp. and Subs North Carolina state 2013 $8,496,188 tax credit/rebate
Bank of America Corporation New York local 2008 $6,860,090 tax credit/rebate; property tax abatement
Merrill Lynch, Pierce, Fenner & Smith Incorporated New Jersey state 1997 $6,400,000 grant/low-cost loan
Banc of America Leasing & Capital, LLC United States federal 2012 $6,262,588 federal grant
Bank of America Corporation New York local 2007 $5,537,451 tax credit/rebate; property tax abatement
Banc of America Leasing & Capital, LLC Oregon state 2013 $4,875,000 tax credit/rebate
Bank of America Florida state 2014 $4,850,000 grant/low-cost loan
Merrill Lynch & Co., Inc. Florida state 2006 $4,000,000 tax credit/rebate
Bank of America, NA Rhode Island state 2010 $3,931,687 tax credit/rebate
BANK OF AMERICA CORPORATION California state 2008 $3,433,250 training reimbursement
BANK OF AMERICA CORPORATION California state 2005 $2,912,832 training reimbursement
Countrywide Home Loans, Inc. Florida state 2005 $2,760,000 tax credit/rebate
Merrill Lynch & Co. Inc. New York local 2003 $2,433,636 tax credit/rebate; property tax abatement
Bridgeport Phase I/Bank of America Connecticut state 2009 $2,402,649 tax credit/rebate
Bank of America Rhode Island state 2009 $2,205,274 tax credit/rebate
Bank of America, NA Rhode Island state 2008 $1,742,621 tax credit/rebate
Bank of America United States federal 2012 $1,326,380 federal grant
Bank of America Corporation New York local 2006 $1,244,077 tax credit/rebate; property tax abatement
Banc of America Leasing and Capital LLC-lessor to Louisiana state 2012 $1,237,619 Property tax abatement
Merrill Lynch & Co., Inc. New York local 2004 $1,196,797 tax credit/rebate; property tax abatement
Resort Funding LLC New York state 2006 $934,383 enterprise zone
222 BROADWAY, LLC New York local 2011 $819,181 property tax abatement
Bank of America, N.A. United States federal 2009 $700,000 federal grant
BANK OF AMERICA CORPORATION California state 2010 $671,563 training reimbursement
Bank of America Florida local 2013 $558,422 grant/low-cost loan
Banc of America Leasing & Capital, LLC United States federal 2012 $508,636 federal grant
Bank of America N.A. United States federal 2007 $500,000 federal grant
Bank of America N.A. United States federal 2006 $500,000 federal grant
Bank of America, N.A. United States federal 2012 $500,000 federal grant
Bank of America Florida state 2014 $480,000 tax credit/rebate
Bank of America Arizona state 2006 $336,789 training reimbursement
Banc of America Leasing and Capital LLC- lessor to Graphic Packaging Int'l Inc. Louisiana local 2014 $328,908 Property tax abatement
Bank of America, N.A. United States federal 2014 $323,000 federal grant
Bank of America Arizona state 2007 $217,914 training reimbursement
Banc of America Leasing and Capital LLC-lessor to Graphic Packaging Int'l Inc. Louisiana state 2013 $122,564 Property tax abatement
Bank of America/Fleet Operations New York local 2007 $119,022 tax credit/rebate; property tax abatement
Resort Funding, LLC New York state 2007 $107,695 enterprise zone
BANK OF AMERICA NA Maine state 2014 $102,897 property tax abatement
Bank of America Corporation New York local 2010 $100,042 tax credit/rebate; property tax abatement
Bank of America Delaware state 2004 $100,000 training reimbursement
MBNA MARKETING SYSTEMS INC Maine state 2009 $81,129 Property tax abatement
FSC INC United States federal 2004 $79,100 federal grant
Bank of America Kansas state 2006 $72,111 training reimbursement
BANK OF AMERICA N A Maine state 2009 $57,425 Property tax abatement
FSC, Inc. Kansas state 2012 $52,480 grant/low-cost loan
BANK OF AMERICA NA Maine state 2013 $50,894 property tax abatement
BANK OF AMERICA N A Maine state 2010 $48,112 property tax abatement
FIA Card Services National Association Rhode Island state 2010 $43,795 tax credit/rebate
BANK OF AMERICA N A Maine state 2011 $42,922 property tax abatement
BANK OF AMERICA NA Maine state 2012 $41,752 property tax abatement
BAL GLOBAL FINANCE LLC Maine state 2009 $39,959 Property tax abatement
Fleet Venture Resources, Inc. Rhode Island state 2008 $36,057 tax credit/rebate
MBNA MARKETING SYSTEMS INC Maine state 2012 $35,819 property tax abatement
MBNA MARKETING SYSTEMS INC Maine state 2011 $34,682 property tax abatement
MBNA MARKETING SYSTEMS INC Maine state 2013 $32,472 property tax abatement
SB Holdings, LLC New York local 2011 $28,200 tax credit/rebate; property tax abatement
Framework, Inc. New York local 2003 $20,874 tax credit/rebate; property tax abatement
MBNA MARKETING SYSTEMS INC Maine state 2010 $20,605 property tax abatement
MBNA MARKETING SYSTEMS INC Maine state 2014 $17,899 property tax abatement
Fleet Growth Resources IV, Inc. Rhode Island state 2008 $14,083 tax credit/rebate
SB Holdings, LLC New York local 2013 $11,563 tax credit/rebate; property tax abatement
BAL GLOBAL FINANCE LLC Maine state 2010 $10,902 property tax abatement
Bank of America, NA Oregon state 2010 $9,808 tax credit/rebate
MERRILL LYNCH-PIERCE-FENNER & SMITH Maine state 2014 $8,540 property tax abatement
SB Holdings, LLC New York local 2012 $8,448 tax credit/rebate; property tax abatement
Bank of America Oregon state 2010 $6,468 tax credit/rebate
MERRILL LYNCH-PIERCE-FENNER & SMITH Maine state 2013 $6,231 property tax abatement
Bank of America Oregon state 2010 $5,868 tax credit/rebate
Bank of America Oregon state 2010 $5,850 tax credit/rebate
Bank of America Oregon state 2010 $5,748 tax credit/rebate
Bank of America Oregon state 2010 $5,596 tax credit/rebate
Bank of America Oregon state 2010 $5,549 tax credit/rebate
Bank of America Oregon state 2010 $5,474 tax credit/rebate
Bank of America Oregon state 2010 $5,415 tax credit/rebate
Bank of America Oregon state 2010 $5,299 tax credit/rebate
Fleet Growth Resources II, Inc. Rhode Island state 2008 $5,249 tax credit/rebate
Bank of America Oregon state 2010 $5,235 tax credit/rebate
Bank of America Oregon state 2010 $5,193 tax credit/rebate
Bank of America Oregon state 2010 $4,964 tax credit/rebate
Bank of America Oregon state 2010 $4,943 tax credit/rebate
Bank of America Oregon state 2010 $4,907 tax credit/rebate
Bank of America Oregon state 2010 $4,879 tax credit/rebate
Bank of America Oregon state 2010 $4,876 tax credit/rebate
Bank of America Oregon state 2010 $4,667 tax credit/rebate
Bank of America Oregon state 2010 $4,570 tax credit/rebate
Bank of America Oregon state 2010 $4,440 tax credit/rebate
Bank of America Oregon state 2010 $4,298 tax credit/rebate
Bank of America Oregon state 2010 $4,242 tax credit/rebate
Bank of America Oregon state 2010 $4,242 tax credit/rebate
MERRILL LYNCH-PIERCE-FENNER & SMITH Maine state 2012 $3,805 property tax abatement
Bank of America Oregon state 2010 $3,538 tax credit/rebate
Bank of America Oregon state 2010 $3,289 tax credit/rebate
Bank of America Oregon state 2010 $2,970 tax credit/rebate
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