Merger Integration At Bo The Trust Web Project

Bank of America (BOA) is a multinational banking and financial services corporation, headquartered in Charlotte, North Carolina. The History of BOA starts in 1904 when Amadeo Pietro Giannini opened the Bank of Italy in San Francisco. In 1930 it merged with Bank of America of California, and that is when it gained its name. In 1968 this Corporation was organized in Delaware as a holding company for Bank of America National Trust and Savings Association and other financial subsidiaries. In1983 BOA merged with the biggest Washington state bank “Seafirst Corporation”, which was the largest United States interstate bank. BOA purchased their biggest competitor in California, (the Security Pacific Corporation) in 1991. On 1998 Nations Bank acquired

1. Bank of America acquired Countrywide Financial Corporation that it can help Countrywide face lawsuits, ethical issues and operating challenge. Bank Of America Corp can now easily expand and enter international markets. There are constant improvement and up gradation of processes in the banking industry which is an opportunity for the company.

This paper focuses on the merger of company A and company B. The middle manager of a health care organization has the responsibility of combining the workforces of both companies, and re-structuring the systems and shape of the new organization. The task of making company C, the two organizations combined, is made more difficult due to the fact

Like most company today Bank of America has become very conflict competent by implying an integrated conflict management system. They have integrated a Code of Conduct in their workplace and have organizations within their company to specifically deal with conflict resolution. Throughout history most major companies, like Bank of America, have changed their views on how they treated their employees to create an efficient work group. Major companies began to realize that conflict is normal and happens naturally and found the urgency to deal with it instead of ignoring situations. With the change of time companies begun to realize that it is cost efficient and extremely productive to rely on a resolution system.

Bank of America is a banking and financial service industry located in Charlotte, North Carolina. If you would like to access the internet address for Bank of America, then you can click on this link provided https://www.bankofamerica.com . Its primary SIC Code is 6021 – National Commercial Banks, and its primary NAICS Code is 522110 – Commercial Banking. The Bank of American provides many goods and services for its customers such as banking, credit cards, loans, and investments. Every day Bank of America is competing against many competitors but JPMorgan Chase and Wells Fargo are some of the largest. Bank of America’s stock exchange ticker symbol is NYSE: BAC. The external auditor is PricewaterhouseCoopers LLP in Charlotte, North Carolina.

According to an article published in Forbes Magazine, Bank of America's strategy is to find better ways to serve banking customers through automation and get all of its customers to use all of its products. CEO Brian Moynihan said in a presentation to investors when the company gets its customers crossing over from investment services to banking to borrowing, it gets seven times the revenue. The bank's research shows Merrill Lynch customers have more than $500 billion of deposits in other banks and $400 billion worth of mortgages with competitors. Bank of America was among the hardest hit during the credit crisis. It received $45 billion in bailout funds from the federal government, including $20 billion for Merrill Lynch. The company faced waves of loan defaults as more customers fell behind and investments soured. Banking customers will see some changes as the bank adjusts to new regulations that have cut into fees. The bank has reduced branch numbers and cut jobs, which will continue as more automated and less expensive ways of serving customers are implemented. Automated transactions are growing at a rate of 8 to 9 percent a year while teller-based transactions are down 5 percent year after year. Additional growth opportunities come from international expansions. Bank of America hired 800 people abroad as it worked to boost investment banking services in other countries.

As a result, a new service “Tawasul” launched in the market and the reason why the Bank choose it as their competitive advantage because it provide all the differences a competitive advantage should hold and as will it met the banks objectives. As a service that is different “Tawasul” have it all. It is Important to the customer, distinctive as no other bank in the same market provide the same, superior .communicable, pre-emptive as it’s not easy to be cloned, affordable to customers and finally profitable to the Bank.

The Intervention plan, written for the board of directors of Bank X, consists of two parts. The first part includes a diagnosis of information which define the core issues that should be addressed, and secondly provide a fitting intervention plan to guide Bank X into the right direction.

Leaders bank has its successful business entrenched in good customer relations as well as a dedicated and motivated employee workforce. By ensuring that the bank 's management upheld the two core aspects of its business: communication and trust, the bank created a suitable environment where customers would obtain excellent professional services from the staff. Such workplace centered on respect, resulted into turning the employee turnover rate to zero which in turn resulted into better customer service as they (the latter) worked with the same professionals who apprehended their business goals and objectives for a longer time. This eventually led to an automatic improvement in the bank 's customer satisfaction ratings.

The modern world has seen the formation of firms as a mechanism of integration, which enables individuals to develop an enterprise and to combine capital and expertise from different individuals. Mergers, especially the mega-mergers, change the market structure. Mergers and Acquisitions (M&A) have unparalleled capability to transform firm and supplement corporate renewal. Research in M&A has been done taking into consideration a multitude of disciplines, e.g. finance, economics, law, business, strategy formulation, organization theory, human resource management and sociology. M&A becomes a real time phenomenon due to the attention it receives from different walk of life.

Bank of America’s mantra recently is “growing responsibly”. Yes, Bank of America wants to continue growing, but not, for example, at the rate that the Countrywide acquisition cost the company. They have paid too

In making decisions concerning a bank 's strategy, the institution must take into account several initial areas that may formulate a restraint in implementation. They are the economic and cultural environment, the competitive banking atmosphere (extremely competitive), the marketing strategy to be implemented, and the pricing/promotion that goes into the marketing function. (McMahon, 1986).

Even with a positive outlook, BOFA must be prepared for a weak global economy as uncertainty continues to waver as it relates regulation or geopolitical tensions. In addition, BOFA must begin implementing non-traditional ways of doing banking in domestic or foreign markets because of digitization. “Digitization is impacting banks in three major ways. First, regulators, who were initially more conservative about the entry of nonbanks into financial services, are now gradually opening. Over time, huge tech companies may be able to insert

Leaders Bank in Illinois started what came to be known as “Creating A Great Place to Work” by adopting what is nowadays known as “People Model” this case study will look at how the bank achieved its goal through various policies put in place by its founders. They came up with a framework that has been used as benchmark by other businesses. The study will look at the bank services, their benefits, culture, customer values, policies and significance.

The banks organisational is known to be divisional organisation structure format for global operations, but SCB branches operating in Taiwan, Bangladesh and few Asian countries have matrix form of organisational structure. The firm’s top management is comprised of Shareholders marketing, Board of directors reported by Internal Audit and Assurance department, president and then reported by following departments. Consumer banking is responsible for strategy and business planning, customer experience and distribution development, branch operational activities and sales governance. Origination &