Company type | Subsidiary |
---|---|
Industry | Private banking Wealth management |
Founded | 1853 |
Headquarters | New York City |
Number of locations | 100+ |
Area served | United States |
Products | Financial services |
Parent | Bank of America |
Website | www |
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York.[1] It operated independently until 2000, when it was acquired by Charles Schwab, and Co.[2] and subsequently sold to, and became a subsidiary of, Bank of America in 2007.[3] Bank of America Private Bank provides investment management, wealth structuring, and credit and lending services to clients.[4]
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