Subsidy Tracker Parent Company Summary
Parent Company Name:
Bank of America
Ownership Structure:
publicly traded (ticker symbol BAC)
Headquartered in:
North Carolina
Major Industry:
financial services
Specific Industry:
banking
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $234,086,335 | 122 |
| Federal (grants and allocated tax credits) | $454,984,847 | 11 |
| TOTAL | $689,071,182 | 133 |
| 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) | $3,627,643,344,709 | 712 |
| TOTAL | $3,627,643,344,709 | 712 |
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.
Associated Names:
BA LEASING BSC; BAL GLOBAL FINANCE; BANC OF AMERICA; BANK OF AMERICA; BANKBOSTON NA; COUNTRYWIDE; FIA CARD SVC; FLEET GROWTH RESOURCES II; FLEET VENTURE RESOURCES; FRAMEWORK; FSC; LASALLE STREET CAPITAL; MBNA MARKETING SYS; MERRILL LYNCH; OneFed Leasing Corporation; RESORT FUNDING; SB HOLDING
Links:
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| New York | $77,633,702 | 30 |
| New Jersey | $37,496,800 | 2 |
| North Carolina | $31,297,969 | 5 |
| Illinois | $27,037,699 | 1 |
| Texas | $20,000,000 | 1 |
| All other | $40,620,165 | 83 |
Individual Subsidy Records:
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
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 | |
| 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 | |
| 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 | |
| Bank of America Corp. and Subs | North Carolina | state | 2015 | $13,680,084 | tax credit/rebate | |
| 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 | |
| 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 | |
| Bank of America Corp. and Subs | North Carolina | state | 2016 | $4,740,379 | tax credit/rebate | |
| 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 | |
| Bank of America Corp. and Subs | North Carolina | state | 2015 | $2,549,764 | 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 Corp. and Subs | North Carolina | state | 2016 | $1,831,554 | tax credit/rebate | |
| Resort Funding, LLC | New York | state | 2011 | $1,784,000 | enterprise zone | |
| 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 | |
| Resort Funding, LLC | New York | state | 2010 | $1,250,000 | enterprise zone | |
| 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 | 2009 | $987,941 | enterprise zone | |
| Resort Funding LLC | New York | state | 2006 | $934,383 | enterprise zone | |
| Resort Funding, LLC | New York | state | 2012 | $822,000 | enterprise zone | |
| 222 BROADWAY, LLC | New York | local | 2011 | $819,181 | property tax abatement | |
| Banc of America Leasing | Louisiana | state | 2016 | $763,686 | 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 | |
| Resort Funding, LLC | New York | state | 2013 | $637,000 | enterprise zone | |
| Banc of America Leasing | Louisiana | state | 2016 | $594,828 | property tax abatement | |
| Bank of America | Florida | local | 2013 | $558,422 | grant | |
| Banc of America Leasing | Louisiana | state | 2016 | $539,107 | property tax abatement | |
| 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 | |
| Resort Funding, LLC | New York | state | 2014 | $421,500 | enterprise zone | |
| Resort Funding, LLC | New York | state | 2005 | $337,672 | enterprise zone | |
| 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 | |
| Banc of America Leasing | Louisiana | state | 2015 | $229,444 | property tax abatement | |
| Bank of America | Arizona | state | 2007 | $217,914 | training reimbursement | |
| Banc of America Leasing | Louisiana | state | 2016 | $160,099 | property tax abatement | |
| Resort Funding, LLC | New York | state | 2015 | $150,000 | enterprise zone | |
| Resort Funding, LLC | New York | state | 2004 | $137,050 | enterprise zone | |
| 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 | |
| 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 | |
| BANK OF AMERICA NA | Maine | state | 2015 | $41,057 | property tax abatement | |
| BAL GLOBAL FINANCE LLC | Maine | state | 2009 | $39,959 | property tax abatement | |
| BANK OF AMERICA NA | Maine | state | 2016 | $38,944 | property tax abatement | |
| Onefed Leasing Corporation | Rhode Island | state | 2008 | $38,812 | tax credit/rebate | |
| 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 | |
| MBNA MARKETING SYSTEMS INC | Maine | state | 2015 | $26,727 | 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 | |
| MBNA MARKETING SYSTEMS INC | Maine | state | 2016 | $17,000 | 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 | |
| SB Holdings, LLC | New York | local | 2014 | $10,354 | tax credit/rebate | |
| Bank of America, NA | Oregon | state | 2010 | $9,808 | tax credit/rebate | |
| SB Holdings, LLC | New York | local | 2015 | $9,108 | 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 | |
| SB Holdings, LLC | New York | local | 2016 | $7,889 | tax credit/rebate | |
| Bank of America | Oregon | state | 2010 | $6,468 | tax credit/rebate | |
| MERRILL LYNCH-PIERCE-FENNER & SMITH | Maine | state | 2013 | $6,231 | property tax abatement |
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