Private Bank

Katy Knox

Led by Katy Knox, The Private Bank serves wealthy individuals, families and institutions with a personalized approach through a dedicated team of experienced advisors. With more than 100 offices in the U.S, we serve the unique financial needs of our clients with award-winning solutions and the strength of Bank of America’s broad capabilities.

Continued organic growth

4,000 professionals in 100+ Private Bank offices in 45 U.S. markets
$667B clients balances as of Q3 2024
92% Private Bank clients are digital active
Added 3,1000+ net new Private Bank relationships in 2023
Generated $3.6 billion in revenue in 2023
Added nearly $6 billion in new philanthropic commitments in 2023

Private Bank

Katy Knox

Continued organic growth

4,000 professionals in 100+ Private Bank offices in 45 U.S. markets
$667B clients balances as of Q3 2024
92% Private Bank clients are digital active
Added 3,1000+ net new Private Bank relationships in 2023
Generated $3.6 billion in revenue in 2023
Added nearly $6 billion in new philanthropic commitments in 2023

Related press releases

December 3, 2024 at 9:30 AM Eastern

BofA Global Research Expects 2025 to be a Year of Further Equity Market Strength Amid Macro Uncertainty

October 9, 2024 at 8:15 AM Eastern

Bank of America Private Bank Study of Affluent Americans Finds Generational and Gender Divides in Charitable Giving

June 18, 2024 at 9:00 AM Eastern

BofA Private Bank Study of Wealthy Americans Finds Generational Divide in Investing, Giving and Preserving Wealth

More Press Releases

What would you like the power to do?

Tell us about your experience
Contact Us
Help Center

Banking
Contact Us
Location finder
Help

Our company
Responsible growth
Business practices
What we offer
Modern Slavery Act Statement (PDF)

Making an impact
Local Impact
Racial equality & economic opportunity
Driving economic & social progress
Environmental sustainability
Find resources

Working here
Being a great place to work
Careers

Investors
Profile
Quarterly earnings
Events & presentations
Regulatory & other filings
Fixed income
Shareholder info
Annual reports & proxy
Governance

Newsroom
Press releases
Executive biographies
Journalist resources
Awards & recognition

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.

Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. These materials are for informational purposes only. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “ MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC (Securities Investor Protection Corporation) and a wholly owned subsidiary of BofA Corp.

Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly-owned subsidiary of BofA Corp.

Investment products offered through MLPF&S and insurance and annuity products offered through MLLA.

Are Not FDIC Insured

Are Not Bank Guaranteed

May Lose Value

Are Not Deposits

Are Not Insured by Any Governmental Agency

Are Not a Condition to Any Banking Service or Activity

Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.).

"Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. is registered as a futures commission merchant with the CFTC and is a member of the NFA.

Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

Fees apply to wires and certain transfers. See the Online Banking Service Agreement for details. Data connection required. Carrier fees may apply.

Company goals are aspirational and not guarantees or promises that all goals will be met. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards.

Locations
Contact us
Help
Accessible Banking
Careers
Privacy
Security
Social community guidelines
Sitemap
Advertising Practices