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Bank of America Agrees to Purchase Countrywide Financial Corp.
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Bank of America Agrees to Purchase Countrywide Financial Corp.
CHARLOTTE, N.C., Jan. 11 -- Bank of America Corporation today announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion.
| Fast Facts - Reporting Period 20070930 |
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Bank of America Corporation |
Countrywide Bank, FSB |
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Balance Sheet
(USD, in thousands) |
| Total assets |
1,582,330,249 |
121,122,716 |
| Total liabilities |
1,443,557,682 |
112,395,380 |
| Total equity capital |
138,510,090 |
8,727,336 |
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| Capital Ratios |
| Tier 1 leverage ratio |
6.2 |
7.31 |
| Tier 1 risk-based capital ratio |
8.22 |
12.22 |
| Total risk-based capital ratio |
11.86 |
13.47 |
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| Number of full-time employees |
197,302 |
3,172 |
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| Related Bank / Thrift |
Assets |
Asset Concentration |
| Bank of America, National Association |
1,290,376,229 |
All Other Specialization > 1 Billion |
| FIA Card Services, National Association |
148,622,586 |
Credit-Card Specialization |
| Countrywide Bank, FSB |
121,122,716 |
Mortgage Lending Specialization |
| Bank of America, Rhode Island, National Association |
35,303,778 |
Mortgage Lending Specialization |
| Bank of America California, National Association |
20,826,902 |
Mortgage Lending Specialization |
| Bank of America Oregon, National Association |
15,611,331 |
Mortgage Lending Specialization |
| United States Trust Company , National Association |
13,012,016 |
Consumer Lending Specialization |
| Bank of America Georgia, National Association |
95,849 |
Other Specialized Lending < 1 Billion |
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