Banc of America Securities (1998–2008)

Banc of America Securities LLC (BAS), was the investment banking subsidiary of Bank of America until it was merged with Merrill Lynch after that firm's acquisition in 2008 to become Bank of America Merrill Lynch. Headquartered in New York City, the company competed in both the domestic and international equity and investment banking markets.

Banc of America Securities
Company typeSubsidiary
IndustryFinancial services
Founded1998 (1998)
Defunct2008 (2008)
SuccessorBank of America Merrill Lynch
HeadquartersNew York City, USA
Key people
Kenneth D. Lewis, President
Websitewww.bofasecurities.com

The company was a registered broker-dealer with the United States Securities and Exchange Commission (SEC) and was a member of the New York Stock Exchange and the National Association of Securities Dealers. The use of "Banc" in the BAS's name was indicative of the fact that the company was not a bank, and its deposits and other holdings were not insured by the Federal Deposit Insurance Corporation.

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