Bank of America - Bank of America announced the purchase of The United States Trust Company

Time: Monday Nov 20, 2006

Place: New York City, New York, U.S.

Details: On November 20, 2006, Bank of America announced the purchase of The United States Trust Company for $3.3 billion, from the Charles Schwab Corporation. US Trust had about $100 billion of assets under management and over 150 years of experience. The deal closed on July 1, 2007.

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