Bank of America Private Bank

Bank of America Private Bank
Company typeSubsidiary
IndustryPrivate banking
Wealth management
Founded1853; 171 years ago (1853)
Headquarters
New York City
Number of locations
100+
Area served
United States
ProductsFinancial services
ParentBank of America
Websitewww.privatebank.bankofamerica.com

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]

  1. ^ Halasz, Robert (1997). "U.S. Trust Corp". The International Directory of Company Histories. 17: 496–498.
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