Bank of America Related Content

Peapack-Gladstone Promotes Smith and Vorcheimer

Peapack-Gladstone Financial promoted Gregory M. Smith to president of commercial banking and Stuart Vorcheimer to market president and head of commercial and industrial lending. read more

Nesco Acquires Custom Truck One Source

Nesco entered into a definitive agreement to acquire Custom Truck One Source for a purchase price of $1.475 billion. Nesco and CTOS are providers of specialized truck and heavy equipment solutions, including rental, sales and aftermarket parts and service. read more

PNC Agrees to Acquire BBVA USA for $11.6B

The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion. read more

Bank of America Agents Ritchie Bros. $630MM Credit Facilities Extension

Ritchie Bros. Auctioneers closed an amendment and extension of its credit agreement totaling $630 million with a syndicate of lenders led by Bank of America as administrative agent. read more

BofA Shores Up Provision for Credit Losses by 380% as Net Income Declines by 45%

Bank of America reported Q1/20 net income of $4.0 billion, down 45% from $7.3 billion in Q1/19. Nonperforming loans increased $504 million from Q4/19, primarily driven by $353 million increase in commercial loans. read more

BofA Agents $400MM Ryder Term Loan

Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more

BofA Loan & Lease Balances Up 6% in Q4/19

Bank of America reported average loan and lease balances in its business segments rose $54 billion, or 6%, to $936 billion. Commercial loans were up 6%. read more

Stonebriar Amends $1B Revolver with Bank of America

Commercial finance company Stonebriar Commercial Finance extended and amended certain terms of its existing $1 billion revolver with Bank of America as agent on the facility. read more

Ramos Joins Bank of America Board of Directors

The Bank of America Board of Directors appointed Denise L. Ramos as a director. Ramos retired in 2019 as the CEO, president and a director of ITT, Inc., after serving in those roles since 2011. read more

BofA Business Capital Names Benefield Natl Marketing Manager

Seth Benefield was appointed national marketing manager for Bank of America Business Capital. read more

BofA First Quarter 2019 Sees 6% Growth in Net Income Y/Y

Bank of America released its financial results for the first quarter of 2019, reporting a net income of $7.3 billion, an increase of 6% year over year. read more

BofA Ranked Top Financial Institution in 2019 LinkedIn Top Companies list

Bank of America was today ranked the top financial institution in the 2019 LinkedIn Top Companies list. This is the first time the bank has been included in the fourth annual list that recognizes the 50 most sought-after places to work in the U.S. read more

Bank of America Names Foster North Bay Market President

Bank of America named Private Bank senior vice president Jason Foster its market president for the North Bay counties of Marin, Napa and Sonoma, CA. read more

Small Businesses Expanding, Competition for Talent Intensifies

The U.S. small business sector looks to end 2018 on a high note, with most entrepreneurs reporting anticipated year-over-year revenue growth and more indicating plans to hire and expand in 2019, according to the fall 2018 Bank of America Business Advantage Small Business Owner Report. read more

Bank of America Beats the Street, Q3 Earnings up 32%

Bank of America reported its Q3/18 net income was up 32% to $7.2 billion, driven by strong operating leverage and asset quality, as well as the benefit of tax reform. ESP of $0.66 beat estimates of $0.62 per share. read more

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