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Subsidy Tracker Parent Company Summary
Parent Company Name: Bank of America
Ownership Structure: publicly traded (ticker symbol NYSE: BAC)
Headquartered in: North Carolina
Major Industry: financial services
Specific Industry: banking
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $343,041,381 | 186 |
Federal (grants and allocated tax credits) | $453,905,747 | 8 |
TOTAL | $796,947,128 | 194 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $0 | 0 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $3,627,654,844,709 | 715 |
TOTAL | $3,627,654,844,709 | 715 |
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 disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
For an overview of this company's accountability track record, read its Corporate Rap Sheet
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
New York | $133,430,583 | 52 |
North Carolina | $79,201,418 | 15 |
New Jersey | $37,496,800 | 2 |
Illinois | $27,037,699 | 1 |
Texas | $20,000,000 | 1 |
All other | $45,874,881 | 115 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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Company | Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
BANK OF AMERICA NA | Maine | state | 2019 | $8,512 | | property tax abatement |
Bank Of America Na | Maine | state | 2021 | $9,354 | | property tax abatement |
Banc of America Leasing and Capital LLC-lessor to | Louisiana | state | 2012 | $1,237,619 | | property tax abatement |
Banc of America Leasing and Capital LLC-lessor to Graphic Packaging Int'l Inc. | Louisiana | state | 2013 | $122,564 | | property tax abatement |
Banc of America Leasing and Capital LLC- lessor to Graphic Packaging Int'l Inc. | Louisiana | local | 2014 | $328,908 | | property tax abatement |
Banc of America Leasing | Louisiana | state | 2015 | $229,444 | | property tax abatement |
Banc of America Leasing | Louisiana | state | 2016 | $539,107 | | property tax abatement |
Banc of America Leasing | Louisiana | state | 2016 | $594,828 | | property tax abatement |
Banc of America Leasing | Louisiana | state | 2016 | $763,686 | | property tax abatement |
Banc of America Leasing | Louisiana | state | 2016 | $160,099 | | property tax abatement |
Bank of America | Kansas | state | 2006 | $72,111 | | training reimbursement |
FSC, Inc. | Kansas | state | 2012 | $52,480 | | grant |
FSC, Inc. | Kansas | state | 2016 | undisclosed | | grant |
FSC, Inc. | Kansas | state | 2017 | undisclosed | | grant |
Fsc Inc. | Kansas | state | 2023 | undisclosed | | tax credit/rebate |
Fsc, Inc. | Kansas | state | 2021 | $6,380 | | training reimbursement |
LaSalle Street Capital, Inc. | Illinois | local | 2003 | $27,037,699 | | tax increment financing |
Countrywide Home Loans, Inc. | Florida | state | 2005 | $2,760,000 | | tax credit/rebate |
Merrill Lynch & Co., Inc. | Florida | state | 2006 | $4,000,000 | | tax credit/rebate |
Bank of America | Florida | local | 2013 | $558,422 | | grant |
Bank of America | Florida | state | 2014 | $480,000 | | tax credit/rebate |
Bank of America | Florida | state | 2014 | $4,850,000 | | grant |
Bank of America | Delaware | state | 2004 | $100,000 | | training reimbursement |
Bridgeport Phase I/Bank of America | Connecticut | state | 2009 | $2,402,649 | | tax credit/rebate |
BANK OF AMERICA CORPORATION | California | state | 2005 | $2,912,832 | | training reimbursement |
BANK OF AMERICA CORPORATION | California | state | 2008 | $3,433,250 | | training reimbursement |
BANK OF AMERICA CORPORATION | California | state | 2010 | $671,563 | | training reimbursement |
Bank of America Corporation | California | state | 2006 | undisclosed | | training reimbursement |
Bank of America | California | state | 2007 | undisclosed | | training reimbursement |
Bank of America Corp | California | state | 2008 | undisclosed | | training reimbursement |
Bank of America | California | local | 2012 | undisclosed | | enterprise zone |
Bank of America | California | local | 2012 | undisclosed | | enterprise zone |
Bank of America | California | local | 2012 | undisclosed | | enterprise zone |
Bank of America Corporation | Arizona | state | 2006 | undisclosed | | enterprise zone |
Bank of America | Arizona | state | 2005 | undisclosed | | enterprise zone |
Bank of America | Arizona | state | 2005 | undisclosed | | enterprise zone |
Bank of America Corporation | Arizona | state | 2008 | undisclosed | | enterprise zone |
Bank of America Corporation | Arizona | state | 2006 | undisclosed | | enterprise zone |
Bank of America Corporation | Arizona | state | 2008 | undisclosed | | enterprise zone |
Bank of America Corporation | Arizona | state | 2006 | undisclosed | | enterprise zone |
Bank of America Corp. | Arizona | state | 2007 | undisclosed | | enterprise zone |
Bank of America Corporation | Arizona | state | 2008 | undisclosed | | enterprise zone |
Bank of America | Arizona | state | 2010 | undisclosed | | enterprise zone |
Bank of America | Arizona | state | 2006 | $336,789 | | training reimbursement |
Bank of America | Arizona | state | 2007 | $217,914 | | training reimbursement |
Bank of America | Arizona | local | 2013 | undisclosed | | property tax abatement |
Bank of America Corporation | Arizona | state | 2021 | $753,000 | | tax credit/rebate |
Bank of America Corporation | Arizona | state | 2021 | $306,000 | | tax credit/rebate |
Bank of America Corporation | Arizona | state | 2021 | $1,029,000 | | tax credit/rebate |
Bank of America Corporation, N.A. | Arizona | state | 2020 | $615,000 | | tax credit/rebate |
Bank of America Corporation | Arizona | state | 2022 | $1,029,000 | | tax credit/rebate |
Bank of America Corporation | Arizona | state | 2022 | $753,000 | | tax credit/rebate |
Bank of America Corporation | Arizona | state | 2022 | $306,000 | | tax credit/rebate |