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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, National Association | United States | federal | 2022 | | $2,250,000 | federal loan or loan guarantee |
Bank Of America, National Association | United States | federal | 2022 | | $2,250,000 | federal loan or loan guarantee |
Bank of America, N.A. | United States | federal | 2001 | | $190,000,000 | federal insurance |
Bank of America, N.A. | United States | federal | 2000 | | $200,000,000 | federal insurance |
BankBoston NA | United States | federal | 2003 | | $44,100,000 | federal insurance |
BankBoston, N.A. | United States | federal | 2001 | | $50,000,000 | federal insurance |
BankBoston, N.A. | United States | federal | 2000 | | $47,000,000 | federal insurance |
BankBoston, N.A. | United States | federal | 2000 | | $23,300,000 | federal insurance |
Banc of America Leasing & Capital, LLC | United States | federal | 2012 | $6,262,588 | | federal grant |
Banc of America Leasing & Capital, LLC | United States | federal | 2012 | $508,636 | | federal grant |
Bank of America | United States | federal | 2012 | $1,326,380 | | federal grant |
BA Leasing BSC, LLC | United States | federal | 2014 | $27,188,013 | | federal grant |
Bank of America N.A. | United States | federal | 2009 | $417,097,130 | | federal grant |
Bank Of America, National Association | United States | federal | 2009 | $700,000 | | federal grant |
Bank Of America, National Association | United States | federal | 2012 | $500,000 | | federal grant |
Bank Of America, National Association | United States | federal | 2014 | $323,000 | | federal grant |
Resort Funding LLC | New York | state | 2006 | $934,383 | | enterprise zone |
Resort Funding, LLC | New York | state | 2007 | $107,695 | | 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 | California | local | 2012 | undisclosed | | enterprise zone |
Bank of America | California | local | 2012 | undisclosed | | enterprise zone |
Bank of America | California | local | 2012 | undisclosed | | enterprise zone |
Fleet National Bank | New York | state | 2004 | $1,170,000 | | enterprise zone |
Fleet National Bank | New York | state | 2002 | $200,000 | | enterprise zone |
Fleet National Bank | New York | state | 2003 | $78,000 | | enterprise zone |
Fleet National Bank | New York | state | 2003 | $369,000 | | enterprise zone |
Fleet National Bank | New York | state | 2003 | $1,000,000 | | enterprise zone |
Fleet National Bank | New York | state | 2003 | $1,200,000 | | enterprise zone |
Fleet National Bank | New York | state | 2003 | $1,320,375 | | enterprise zone |
Resort Funding, LLC | New York | state | 2004 | $137,050 | | enterprise zone |
Resort Funding, LLC | New York | state | 2005 | $337,672 | | enterprise zone |
Resort Funding, LLC | New York | state | 2008 | $1,397 | | enterprise zone |
Resort Funding, LLC | New York | state | 2009 | $987,941 | | enterprise zone |
Resort Funding, LLC | New York | state | 2010 | $1,250,000 | | enterprise zone |
Resort Funding, LLC | New York | state | 2011 | $1,784,000 | | enterprise zone |
Resort Funding, LLC | New York | state | 2012 | $822,000 | | enterprise zone |
Resort Funding, LLC | New York | state | 2013 | $637,000 | | enterprise zone |
Resort Funding, LLC | New York | state | 2014 | $421,500 | | enterprise zone |
Resort Funding, LLC | New York | state | 2015 | $150,000 | | enterprise zone |
Resort Funding, LLC | New York | state | 2016 | $129,000 | | enterprise zone |
Bank of America Corporation | Texas | state | 2020 | undisclosed | | enterprise zone |
Bank of America Corporation | Texas | state | 2020 | undisclosed | | enterprise zone |
Bank of America Corporation | Texas | state | 2021 | undisclosed | | enterprise zone |
Bank of America Corporation | Texas | state | 2022 | undisclosed | | enterprise zone |