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 SummarySubsidy ValueNumber of Awards
State/Local$234,546,133133
Federal (grants and allocated tax credits)$454,984,84711
TOTAL$689,530,980144
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$3,627,643,344,709712
TOTAL$3,627,643,344,709712
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: 

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.

For an overview of political contributions associated with this company, see its Follow the Money page.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
New York$78,051,26340
New Jersey$37,496,8002
North Carolina$31,297,9695
Illinois$27,037,6991
Texas$20,000,0001
All other$40,662,40284

Individual Subsidy Records:

Click on the company name for more information on each subsidy award.
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)
Company Location Subsidy Source Year Subsidy Value Loan/Bailout Value Type of Subsidysort icon
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 Kansas state 2006 $72,111 training reimbursement
Bank of America Delaware state 2004 $100,000 training reimbursement
Bank of America Arizona state 2006 $336,789 training reimbursement
Bank of America Arizona state 2007 $217,914 training reimbursement
LaSalle Street Capital, Inc. Illinois local 2003 $27,037,699 tax increment financing
MERRILL LYNCH & CO., INC New Jersey state undisclosed tax credit/rebate; property tax abatement
MERRILL LYNCH,PIERCE,FENNER & SMITH New Jersey state undisclosed tax credit/rebate; property tax abatement
Merrill Lynch & Co. Inc. New York local 2003 $2,433,636 tax credit/rebate; property tax abatement
Framework, Inc. New York local 2003 $20,874 tax credit/rebate; property tax abatement
Merrill Lynch & Co., Inc. New York local 2004 $1,196,797 tax credit/rebate; property tax abatement
Bank of America Corporation New York local 2006 $1,244,077 tax credit/rebate; property tax abatement
Bank of America Corporation New York local 2007 $5,537,451 tax credit/rebate; property tax abatement
Bank of America/Fleet Operations New York local 2007 $119,022 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 Corporation New York local 2004 $19,674,823 tax credit/rebate; property tax abatement
Bank of America Corporation New York local 2010 $100,042 tax credit/rebate; property tax abatement
MERRILL LYNCH,PIERCE,FENNER & SMITH New Jersey state undisclosed tax credit/rebate; property tax abatement
Bank of America Corporation New York local 2008 $6,860,090 tax credit/rebate; property tax abatement
SB Holdings, LLC New York local 2011 $28,200 tax credit/rebate; property tax abatement
Bank of America, N.A New York local 2004 $19,674,823 tax credit/rebate; property tax abatement
SB Holdings, LLC New York local 2012 $8,448 tax credit/rebate; property tax abatement
SB Holdings, LLC New York local 2013 $11,563 tax credit/rebate; property tax abatement
Bank of America Oregon state 2010 $4,570 tax credit/rebate
Bank of America Oregon state 2010 $4,667 tax credit/rebate
Bank of America Oregon state 2010 $2,849 tax credit/rebate
Bank of America Oregon state 2010 $5,868 tax credit/rebate
Bank of America Oregon state 2010 $3,538 tax credit/rebate
Bank of America Oregon state 2010 $2,649 tax credit/rebate
Bank of America Oregon state 2010 $4,440 tax credit/rebate
Bank of America Oregon state 2010 $5,596 tax credit/rebate
Bank of America Oregon state 2010 $4,876 tax credit/rebate
Bank of America Oregon state 2010 $2,970 tax credit/rebate
Bank of America Oregon state 2010 $4,943 tax credit/rebate
Bank of America Oregon state 2010 $5,850 tax credit/rebate
Bank of America Oregon state 2010 $5,474 tax credit/rebate
Bank of America Oregon state 2010 $4,907 tax credit/rebate
Bank of America Oregon state 2010 $4,242 tax credit/rebate
Bank of America Oregon state 2010 $5,299 tax credit/rebate
Bank of America Oregon state 2010 $6,468 tax credit/rebate
Bank of America Oregon state 2010 $4,964 tax credit/rebate
Bank of America Oregon state 2010 $4,242 tax credit/rebate
Bank of America Oregon state 2010 $3,289 tax credit/rebate
Bank of America, NA Oregon state 2010 $9,808 tax credit/rebate
Bank of America Oregon state 2010 $5,415 tax credit/rebate
Bank of America Oregon state 2010 $5,193 tax credit/rebate
Bank of America Oregon state 2010 $5,549 tax credit/rebate
Bank of America Oregon state 2010 $5,748 tax credit/rebate
Bank of America Oregon state 2010 $5,235 tax credit/rebate
Bank of America Oregon state 2010 $4,298 tax credit/rebate
Bank of America Oregon state 2010 $4,879 tax credit/rebate
Bank of America, NA Rhode Island state 2008 $1,742,621 tax credit/rebate
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
Fleet Growth Resources IV, Inc. Rhode Island state 2008 $14,083 tax credit/rebate
Fleet Growth Resources II, Inc. Rhode Island state 2008 $5,249 tax credit/rebate
Bank of America Rhode Island state 2009 $2,205,274 tax credit/rebate
OneFed Leasing Corporation Rhode Island state 2009 $2,340 tax credit/rebate
Bank of America, NA Rhode Island state 2010 $3,931,687 tax credit/rebate
FIA Card Services National Association Rhode Island state 2010 $43,795 tax credit/rebate
Countrywide Home Loans Inc. Texas local 2000 undisclosed tax credit/rebate
Countrywide Home Loans Texas local 2006 undisclosed tax credit/rebate
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
Bridgeport Phase I/Bank of America Connecticut state 2009 $2,402,649 tax credit/rebate
Banc of America Leasing & Capital, LLC Oregon state 2013 $4,875,000 tax credit/rebate
Bank of America Corp. and Subs North Carolina state 2013 $8,496,188 tax credit/rebate
Bank of America Florida state 2014 $480,000 tax credit/rebate
SB Holdings, LLC New York local 2014 $10,354 tax credit/rebate
Bank of America Corp. and Subs North Carolina state 2016 $1,831,554 tax credit/rebate
Bank of America Corp. and Subs North Carolina state 2015 $2,549,764 tax credit/rebate
Bank of America Corp. and Subs North Carolina state 2016 $4,740,379 tax credit/rebate
Bank of America Corp. and Subs North Carolina state 2015 $13,680,084 tax credit/rebate
SB Holdings, LLC New York local 2015 $9,108 tax credit/rebate
SB Holdings, LLC New York local 2016 $7,889 tax credit/rebate
SB Holdings, LLC New York local 2017 $6,022 tax credit/rebate
BANK OF AMERICA N A Maine state 2010 $48,112 property tax abatement
MBNA MARKETING SYSTEMS INC Maine state 2010 $20,605 property tax abatement
BAL GLOBAL FINANCE LLC Maine state 2010 $10,902 property tax abatement
Countrywide Home Loans Inc #1 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #2 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #3 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #4 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #5 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #6 Texas state 2006 undisclosed property tax abatement
Countrywide Home Loans Inc #1 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #2 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #3 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #4 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #5 Texas state 2007 undisclosed property tax abatement
Countrywide Home Loans Inc #6 Texas state 2007 undisclosed property tax abatement
MBNA MARKETING SYSTEMS INC Maine state 2009 $81,129 property tax abatement
BANK OF AMERICA N A Maine state 2009 $57,425 property tax abatement
BAL GLOBAL FINANCE LLC Maine state 2009 $39,959 property tax abatement
COUNTRYWIDE HOME LOANS Maine state 2009 $1,121 property tax abatement
BANK OF AMERICA N A Maine state 2011 $42,922 property tax abatement
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