Bank of America Shares Purchased by First American Bank

The institutional investor added to its position in the financial services provider's stock.

Apr. 4, 2026 at 8:49am

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A highly detailed, cinematic close-up image of the intricate machinery and mechanisms that power the banking industry, conveying a sense of the secure and robust infrastructure underlying financial institutions like Bank of America.An extreme close-up of the complex inner workings of the banking system reflects the institutional investor confidence in Bank of America's financial strength.Charlotte Today

First American Bank increased its holdings in Bank of America Corporation (NYSE:BAC) by 7.5% in the fourth quarter, according to a recent SEC filing. The bank now owns 240,237 shares of the financial services provider's stock, valued at $13.2 million.

Why it matters

This transaction reflects ongoing institutional investor interest in Bank of America, one of the largest banks in the United States. The stock purchase suggests confidence in the company's financial performance and growth prospects.

The details

First American Bank acquired an additional 16,742 shares of Bank of America stock during the fourth quarter. The bank's total holdings in BAC now account for approximately 0.8% of its investment portfolio, making it the 29th largest position.

  • The stock purchase was made in the fourth quarter of 2025.

The players

First American Bank

An institutional investor that manages a diverse portfolio of financial assets.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina, providing a range of banking, investment, and risk management products and services.

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The takeaway

This transaction highlights the continued institutional investor confidence in Bank of America's financial strength and growth potential, even as the broader market faces economic uncertainties.