Bank of America Private Bank is the private banking and wealth management division of Bank of America. Its history traces back to the founding of U.S. Trust in 1853, which was acquired by Bank of America in 2007 and rebranded to its current name. The company's mission is to provide comprehensive financial solutions to affluent clients, typically those with at least $3 million in investable assets. Its services integrate investment management, trust and estate planning, customized credit and lending, and specialized banking, all delivered through a dedicated team of private client advisors.