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
NOV 16, 2020 - 7:15 am
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
AUG 18, 2020 - 6:40 am
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
APR 16, 2020 - 5:55 am
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
APR 3, 2020 - 6:35 am
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
JAN 16, 2020 - 6:55 am
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
AUG 14, 2019 - 6:45 am
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
JUL 26, 2019 - 7:00 am
Seth Benefield was appointed national marketing manager for Bank of America Business Capital. read more
JUL 11, 2019 - 6:25 am
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
APR 17, 2019 - 6:50 am
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
APR 4, 2019 - 6:40 am
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
MAR 18, 2019 - 6:50 am
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
DEC 7, 2018 - 6:30 am
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
OCT 16, 2018 - 7:00 am
Ryder System established a new $1.4 billion five-year global revolving credit facility which will expire on September 27, 2023. read more
OCT 8, 2018 - 5:51 am
Stonebriar Commercial Finance closed a new $500 million revolving credit facility. The facility will provide Stonebriar with committed, multi-year funding for each of its four business platforms – General Equipment, Rail Leasing, Aviation Capital and Real Estate. read more
JUN 26, 2018 - 6:42 am