BAC

Bank of America Corp

A financial services company offering banking, investing, asset management, and risk management products to individuals, businesses, and institutions. It traces its roots to the Bank of Italy, founded in San Francisco in 1904 by A.P. Giannini to serve working-class immigrants; after the 1906 earthquake he famously rescued the bank's cash in a horse-drawn cart and lent on handshakes. The bank adopted the Bank of America name in 1930, and a 1998 merger with NationsBank kept that name while moving headquarters to Charlotte.