Bank of America Corporation (NYSE: BAC), originally known for being headquartered in California, is in effect BANC (BankAmerica North Carolina) of America, following the 1998 takeover by the North Carolina-based former NationsBank. The 2008 takeover of Merrill Lynch completed the transformation of this bank from being an ongoing number 2 or number 3 (vs. Citibank and Chase) to the definitive number 1
