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.
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Company Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
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
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
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
Countrywide Home Loans Inc. Texas local 2000 undisclosed tax credit/rebate
Countrywide Home Loans Texas local 2006 undisclosed tax credit/rebate
Countrywide Financial Texas local 2004 undisclosed property tax abatement
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
MERRILL LYNCH,PIERCE,FENNER & SMITH New Jersey state undisclosed tax credit/rebate; property tax abatement
Bank of America Missouri local 2009 undisclosed property tax abatement
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 Arizona state 2013 undisclosed property tax abatement
FSC, Inc. Kansas state 2016 undisclosed grant
FSC, Inc. Kansas state 2017 undisclosed grant
BANC OF AMER SCTY United States federal 2008 $1,992,336 federal loan or loan guarantee
MERRILL LYNCH BANK USA United States federal 2008 $5,000,000 federal loan or loan guarantee
BANC OF AMER SCTY United States federal 2008 $9,953,456 federal loan or loan guarantee
Bank of America Auto Trust 2009-1 United States federal 2009 $10,000,000 federal loan or loan guarantee
Bank of America Auto Trust 2009-1 United States federal 2009 $10,000,000 federal loan or loan guarantee
Bank of America Auto Trust 2009-1 United States federal 2009 $10,000,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2007-5 United States federal 2009 $10,000,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-4 United States federal 2009 $10,200,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2006-C1 United States federal 2009 $10,200,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-5 United States federal 2009 $10,300,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-3 United States federal 2010 $10,400,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-6 United States federal 2009 $10,600,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2007-6 United States federal 2010 $10,600,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2007-6 United States federal 2010 $10,600,000 federal loan or loan guarantee
Bank of America Auto Trust 2009-2 United States federal 2009 $10,900,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-5 United States federal 2009 $11,000,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-1 United States federal 2009 $11,100,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2006-4 United States federal 2010 $11,100,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-5 United States federal 2009 $11,200,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-1 United States federal 2009 $11,300,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2005-LC1 United States federal 2009 $11,600,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-4 United States federal 2009 $11,700,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-5 United States federal 2009 $11,700,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2004-KEY2 United States federal 2009 $11,800,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-6 United States federal 2009 $11,800,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-3 United States federal 2009 $11,900,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-3 United States federal 2009 $11,900,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-4 United States federal 2010 $11,900,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2006-2 United States federal 2009 $12,000,000 federal loan or loan guarantee
Bank of America Auto Trust 2009-2 United States federal 2009 $12,100,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-5 United States federal 2009 $12,100,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2004-4 United States federal 2009 $12,200,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2007-8 United States federal 2010 $12,200,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-5 United States federal 2009 $12,300,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2004-1 United States federal 2009 $12,400,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2007-5 United States federal 2009 $12,400,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-3 United States federal 2009 $12,500,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-5 United States federal 2009 $12,600,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-6 United States federal 2010 $12,600,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2004-KEY2 United States federal 2010 $12,800,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2005-CKI1 United States federal 2009 $12,900,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2004-2 United States federal 2009 $12,900,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-2 United States federal 2010 $12,900,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2007-5 United States federal 2009 $13,100,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2004-4 United States federal 2009 $13,200,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2004-KEY2 United States federal 2010 $13,400,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-1 United States federal 2009 $13,800,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2004-4 United States federal 2009 $14,000,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2006-4 United States federal 2009 $14,200,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-1 United States federal 2009 $14,700,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-3 United States federal 2010 $14,700,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-5 United States federal 2009 $15,300,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-1 United States federal 2009 $15,300,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2006-6 United States federal 2009 $15,300,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2007-5 United States federal 2009 $15,800,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-5 United States federal 2009 $15,900,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2005-MKB2 United States federal 2009 $16,200,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Inc. Series 2005-5 United States federal 2009 $16,400,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2005-CIP1 United States federal 2009 $16,900,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2006-3 United States federal 2009 $16,900,000 federal loan or loan guarantee
Banc of America Commercial Mortgage Trust 2007-2 United States federal 2009 $17,000,000 federal loan or loan guarantee
ML-CFC Commercial Mortgage Trust 2007-7 United States federal 2009 $17,000,000 federal loan or loan guarantee
Merrill Lynch Mortgage Trust 2004-KEY2 United States federal 2010 $17,000,000 federal loan or loan guarantee
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