Bank of America vs Boeing: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: Bank of America and Boeing side by side

1. 1904Bank of America

   Bank of Italy Founded

   A.P. Giannini founded the Bank of Italy in San Francisco to expand access to banking for immigrants, wage earners, and small merchants.

2. 1906Bank of America

   San Francisco Earthquake Response

   After the 1906 earthquake, Giannini resumed lending while much of San Francisco's banking system was disrupted. The response turned emergency access to credit into lasting customer trust and became a defining story in the bank's retail identity.

3. 1916Boeing

   Pacific Aero Products Company Incorporated

   William Boeing incorporates Pacific Aero Products Co. on July 15, 1916 in Seattle, a month after the B&W seaplane he built with George Conrad Westervelt first flew from Lake Union on June 15.

4. 1917Boeing

   Renamed The Boeing Airplane Company; First Military Contract

   The company is renamed The Boeing Airplane Company in April 1917 following co-founder George Westervelt's return to active Navy duty, and secures its first meaningful military contract when the U.S. Navy orders the improved Model C floatplane.

5. 1927Boeing

   Boeing Air Transport Wins San Francisco-Chicago Airmail Route

   Boeing forms Boeing Air Transport and wins the U.S. Post Office airmail contract for the San Francisco to Chicago route, the most commercially valuable domestic airmail route, initiating Boeing's involvement in commercial aviation beyond manufacturing.

6. 1930Bank of America

   Bank of Italy Renamed Bank of America

   The Bank of Italy changed its name to Bank of America on November 1, 1930. The rebrand reflected a wider consumer and business ambition beyond the original immigrant-community label.

7. 1933Boeing

   Boeing 247 Introduced as the First Modern Airliner

   Boeing introduces the Model 247, widely recognized as the world's first modern commercial airliner, featuring all-metal construction, retractable landing gear, a cantilevered wing, and variable-pitch propellers.

8. 1954Boeing

   Dash 80 Jet Prototype First Flies

   The 367-80, or Dash 80, first flies on July 15, 1954, the company's 38th anniversary. Funded with about $16 million of Boeing's own money, it leads to the KC-135 tanker for the Air Force and the 707 airliner, which enters service with Pan Am in 1958.

9. 1958Bank of America

   BankAmericard Introduced

   Bank of America introduced BankAmericard in 1958, a revolving-credit card that later became part of the Visa system. The product tied the bank to modern consumer credit, merchant acceptance, and payment-network economics.

10. 1969Boeing

    Boeing 747 Jumbo Jet Makes First Flight

    The 747, the first wide-body jetliner, first flies on February 9, 1969 and enters service with Pan Am in January 1970.

11. 1994Boeing

    Boeing 777 First Flight

    The Boeing 777, the world's largest twin-engine commercial aircraft and the first airliner designed entirely using computer-aided design tools without physical mock-ups, makes its inaugural flight on June 12, 1994.

12. 1997Boeing

    Boeing Merges with McDonnell Douglas

    Boeing completes its $13.3 billion acquisition of McDonnell Douglas, creating a single dominant American aerospace and defense company and ending more than two decades of three-way commercial aircraft competition.

13. 1998Bank of America

    NationsBank and BankAmerica Merge

    The 1998 merger of Charlotte-based NationsBank and San Francisco's BankAmerica created the first coast-to-coast U.S. bank under the Bank of America name. It also shifted the modern company's headquarters center to Charlotte.

14. 2006Bank of America

    MBNA Merger Completed

    The MBNA merger expanded the card business to more than 40M active accounts and nearly $140B in managed balances, according to the company's January 2006 release. That size made cards a more important part of consumer banking revenue and risk.

15. 2008Bank of America

    Countrywide Acquisition Approved

    The Federal Reserve approved Bank of America's acquisition of Countrywide in June 2008. The deal added mortgage scale but later became a costly warning about buying distressed loan portfolios during a housing crisis.

16. 2008Bank of America

    Merrill Lynch Acquisition Approved

    The Federal Reserve approved the acquisition of Merrill Lynch in November 2008. Although the integration was controversial, Merrill became central to the company's wealth-management and investment-banking fee base.

17. 2009Boeing

    Boeing 787 Dreamliner First Flight

    The Boeing 787 Dreamliner, the first commercial aircraft built primarily from carbon-fiber composite materials, makes its first flight on December 15, 2009 more than two years behind its original 2007 schedule following extensive supply chain difficulties with…

18. 2014Bank of America

    Mortgage Settlements With the Justice Department and FHFA

    Bank of America agreed in August 2014 to a $16.65B settlement with the Justice Department over mortgage claims tied to Countrywide and Merrill Lynch, following a March 2014 FHFA agreement with an aggregate payment of about $9.33B.

19. 2018Bank of America

    Erica Launched

    Bank of America launched Erica in 2018 as an AI-enabled virtual assistant inside digital banking. The launch mattered because customer service, insights, and routine account tasks were moving from branches and call centers into mobile channels.

20. 2019Boeing

    737 MAX Grounded Worldwide Following Two Fatal Crashes

    After the Lion Air Flight 610 crash in October 2018 and the Ethiopian Airlines Flight 302 crash in March 2019, which killed 346 people, regulators ground the 737 MAX worldwide.

21. 2022Boeing

    Boeing Relocates Corporate Headquarters to Arlington, Virginia

    Boeing formally moves its corporate headquarters from Chicago, Illinois, to Arlington, Virginia, placing its senior executive team adjacent to the Pentagon and within close proximity to Congress and the regulatory agencies that govern both its defense and comm…

22. 2023Bank of America

    CFPB and OCC Orders on Fees, Rewards and Accounts

    In July 2023 the CFPB ordered Bank of America to pay more than $100M to customers for repeat non-sufficient-funds fees, withheld credit card rewards and unauthorized accounts, plus $90M in CFPB penalties, and the OCC added a $60M penalty.

23. 2024Boeing

    Door-Plug Blowout, Machinists Strike, and Leadership Transition

    Alaska Airlines Flight 1282 experiences a door-plug blowout at 16,000 feet on January 5, triggering a FAA production cap on 737 MAX and a congressional investigation into Boeing's quality management.

24. 2025Bank of America

    $113.1B FY2025 Revenue

    The company reported $113.1B in total revenue net of interest expense and $30.5B in net income for FY2025. The result showed the combined scale of deposits, wealth management, cards, payments, global banking, and markets.

25. 2025Bank of America

    Co-Presidents Named

    On September 12, 2025 Bank of America named Dean Athanasia and Jim DeMare Co-Presidents and gave Chief Financial Officer Alastair Borthwick the added title of executive vice president.

26. 2025Boeing

    F-47 Win, Strike in St. Louis, Spirit Buyback and a Return to Profit

    The Air Force selects Boeing's F-47 as its sixth-generation fighter in March. Boeing sells Jeppesen and other digital units to Thoma Bravo for $10.55 billion, the FAA raises the 737 cap to 42 a month in October, a 102-day strike at St.

27. 2026Boeing

    737-7 Certified, F/A-XX Win and a 737-10 Setback

    Backlog reaches a record $715 billion at June 30. The FAA certifies the 737-7 on August 3, then on September 28 holds 737-10 certification over a flight-management software issue. On September 29 the Navy selects Boeing to build the F/A-XX fighter.

Acquisitions

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