Question: is us trust bank of america?
Answer: Bank of America will acquire U.S. Trust from The Charles Schwab Corporation for $3.3 billion in cash. Closing is expected on March 31, 2007. U.S. Trust was founded in 1853 with a mission to serve as manager, executor and trustee of personal and corporate funds. Today it has almost 2,100 employees based in 33 locations.