Post 200: Banks and credit unions

Monday, December 27, 2010

Large, out-of-state institutions make up most of the region's banking businesses, while many of the nation's largest credit unions are based here. For The Post 200, we included the biggest banks based on their share of the D.C. area market and added the largest credit unions based on their assets. They are all listed alphabetically here.

Bank of America

100 N. Tryon St.

Charlotte, N.C. 28255

(704) 386-5681

Founded: 1904

President and CEO: Brian T. Moynihan

Employees (local): 285,822 (3,000)

By midyear 2010, Bank of America returned to profitability and had a drop in losses tied to defaulting loans. Yet new federal regulations on credit and debit cards contributed to a third-quarter loss of some $7 billion. Late in the year, Bank of America was among several banks accused of failing to sufficiently review foreclosure documents. Locally, the second-largest bank in the area is gearing up to launch a program to improve small-business lending.


200 West Second St.

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