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Article: Wealth Explosion Prompts BofA to Expand Private Banks.
- Article from:
- San Diego Business Journal
- Article date:
- March 19, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A large number of wealthy individuals and families in San Diego County has led Bank of America to open a third Private Bank in the area.
After establishing offices in Downtown San Diego and Rancho Santa Fe, the bank recently opened another private banking facility on High Bluff Drive in Del Mar Heights.
San Diego is part of an elite trend with Private Bank offices also springing up last year in such affluent California communities as Silicon Valley, San Jose, Sacramento and Beverly Hills.
Bank of America Private Bank offers a range of customized financial products and services to high-net-worth individuals with $1 million or more in investable ...