Bank of America Corp.

Bank of America Corporation (NYSE: BAC), commonly known as Bank of America (BofA), is a publicly traded multinational investment bank and financial services company. Headquartered in Charlotte, North Carolina, the modern corporation was formed in 1998 through the merger of NationsBank and BankAmerica. It is one of the largest banking institutions in the United States. As of 2025, the company employed approximately 213,000 people.

As a major financial institution, Bank of America operates across consumer banking, global wealth and investment management, and global banking and markets. Its services for individuals and businesses include checking and savings accounts, credit cards, mortgage and auto loans, and a suite of online and mobile banking tools. Through its Merrill and Bank of America Private Bank divisions, it offers wealth management, investment, and asset management services. For corporate and institutional clients, it provides corporate and investment banking, trading across various asset classes, and other financial and risk management products.

Bank of America's patent litigation posture, based on the provided data, is that of an operating company defending its technology. It has been a defendant in one tracked case and has not appeared as a plaintiff. This pattern is typical for large technology users who are targeted by patent assertion entities. The single case was filed in the U.S. District Court for the District of Delaware, a frequent venue for patent disputes.

The tracked case is Cyberfone Systems, LLC v. Bank of America Corp., filed in 2011. The plaintiff, Cyberfone Systems, LLC, was a patent assertion entity that sued a large number of companies over patents related to processing data transactions from a telephone. In related litigation against other defendants, the patent asserted by Cyberfone was ultimately found by the U.S. Court of Appeals for the Federal Circuit to be invalid because it covered an abstract idea.