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Bank of America's Surprising HistoryThe bank was founded by the merger of NationsBank and Bank of America in It is the second-largest banking institution in the United States and the second-. Industry: Banking and Financial Services ; Founded: ; Headquarters: Charlotte, North Carolina ; Country/Territory: United States ; Chief Executive Officer. The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary.