Bank of America Acquires Countrywide

Posted by Ann on January 11, 2008

Not long after acquiring FleetBoston and MBNA, Bank of America has now added Countrywide Mortgage to their fold, making them the nation’s largest bank with $1.5 trillion in assets. BOA’s CEO, Ken Lewis, stated, “Countrywide presents a rare opportunity for Bank of America to add what we believe is the best domestic mortgage platform at an attractive price and to affirm our position as the nation’s premier lender to consumers,…”. Lewis has also helped out the industry as a whole by rescuing the nation’s previous largest mortgage lender.

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Categories: Finance
11Jan

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