On This Day

Bank of America adopts the name VISA for its credit cards

The Bank of America Corporation (Bank of America; often abbreviated BAC or BofA) is an American multinational investment bank and financial services holding company headquartered at the Bank of...

The Bank of America Corporation (Bank of America; often abbreviated BAC or BofA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States, and one of eight systemically important financial institutions in the United States.

Events Before

  1. Chai Jing is born

    Chai Jing, Chinese journalist and environmental activist, known for chinese journalist and environmental activist, was born on 1976-01-01. Chai Jing is a Chinese journalist.

  2. After 45 years of coaching, Paul Brown (Cleveland Browns; Cincinnati Bengals) announces his retirement from the National

    After 45 years of coaching, Paul Brown (Cleveland Browns; Cincinnati Bengals) announces his retirement from the National Football League

  3. Sarah Caldwell becomes the first woman to conduct at NYC Metropolitan Opera House, leading the orchestra in a performanc

    Sarah Caldwell becomes the first woman to conduct at NYC Metropolitan Opera House, leading the orchestra in a performance of "La Traviata"

  4. "I Write the Songs" cover by Barry Manilow hits #1

    "I Write the Songs" is a popular song written by Bruce Johnston. Barry Manilow's version reached number one on the Billboard Hot 100 chart in January 1976 after spending two weeks atop the Billboard…

  5. Bahamian-American actor Sidney Poitier (48) weds Canadian actress Joanna Shimkus

    Bahamian-American actor Sidney Poitier (48) weds Canadian actress Joanna Shimkus

Events After

  1. Air India Flight 855 crashes into the Arabian Sea less than two minutes after takeoff, killing all 213 people on board

    Air India Flight 855 was a scheduled passenger flight from Bombay (now Mumbai), India, to Dubai, United Arab Emirates.

  2. TV series "All Creatures Great and Small" debuts on BBC TV, based on the books by James Herriot, starring Robert Hardy a

    TV series "All Creatures Great and Small" debuts on BBC TV, based on the books by James Herriot, starring Robert Hardy and Christopher Timothy

  3. Bee Gees' album "Saturday Night Fever" goes #1; stays on top for 24 weeks

    Bee Gees' album "Saturday Night Fever" goes #1; stays on top for 24 weeks

  4. Sweden becomes the first nation in the world to ban aerosol sprays, due to their harmful effect on the earth's ozone lay

    Sweden becomes the first nation in the world to ban aerosol sprays, due to their harmful effect on the earth's ozone layer

  5. Novelist Danielle Steel (30) divorces Danny Zugelder after almost 3 years of marriage

    Novelist Danielle Steel (30) divorces Danny Zugelder after almost 3 years of marriage

More from the 1970s

Frequently Asked Questions

What happened on March 1, 1977?
The Bank of America Corporation (Bank of America; often abbreviated BAC or BofA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase.
Why is Bank of America adopts the name VISA for its credit cards historically important?
It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States, and one of eight systemically important financial institutions in the United States.

Explore More