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Bank of America

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

Monday Nov 20, 2006
New York City, New York, U.S.

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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