Bank of America vs Marriott: Founders, CEOs and History
Bank of America was founded in 1904 by Amadeo Peter Giannini and is led by Brian Moynihan. Marriott was founded in 1927 by J. Willard Marriott, Alice Sheets Marriott and is led by Anthony Capuano.
Company facts
Bank of America
- Founded
- 1904
- Headquarters
- Charlotte, North Carolina
- Current CEO
- Brian Moynihan
- Employees
- 213,000
Marriott
- Founded
- 1927
- Headquarters
- Bethesda, Maryland
- Current CEO
- Anthony Capuano
- Employees
- 148,000
Founders
Bank of America
Amadeo Peter Giannini
Bank of America was founded by A. P. Giannini, the San Jose-born son of Italian immigrants. In 1904 he opened the Bank of Italy in a converted saloon in San Francisco's North Beach neighborhood. His aim was unusual for the time: to lend to working people.
Marriott
J. Willard Marriott
Marriott possesses a humble, American founding story, rooted not in glamorous luxury real estate, but in the grueling, hot summers of Washington D.C. and a religious commitment to hospitality. The company was founded in 1927 in Washington D.C. by J.
Alice Sheets Marriott
Alice Sheets Marriott was an essential partner in building the foundation of what became Marriott International.
CEOs and their tenures
Bank of America
- Amadeo Peter Giannini1904–1945
Founder and Chairman
Giannini was born in San Jose, California, in 1870 to Italian immigrant parents and sold fruit and vegetables from a horse-drawn wagon before opening the Bank of Italy in San Francisco at the age of 34.
Source - Hugh L. McColl Jr.1998–2001
Chairman and Chief Executive Officer
McColl joined the company in 1959 as a management trainee and built NationsBank through interstate acquisitions before its 1998 combination with San Francisco based BankAmerica, which took the Bank of America name and created the first coast-to-coast U.S.
Source - Ken Lewis2001–2009
Chairman and Chief Executive Officer
Lewis joined the company in 1969 as a credit analyst, ran corporate strategy from 1999, and became chairman and chief executive officer on April 25, 2001 when Hugh McColl retired.
Source - Brian Moynihan2010–present
Chair of the Board and Chief Executive Officer
Moynihan became chief executive officer on January 1, 2010, after running the general counsel, consumer banking and wealth management units, and he also chairs the board.
Source
Marriott
- J. W. Marriott Jr.1972–2012
Chief Executive Officer
During his 60-year tenure, he grew the company from a regional restaurant and lodging business into a global hospitality empire before retiring as Executive Chairman in 2022.
Source - Arne Sorenson2012–2021
Chief Executive Officer
He successfully integrated the massive Bonvoy loyalty program and navigated the immediate devastating impact of the COVID-19 pandemic before his death in 2021.
Source - Anthony Capuano2021–present
President and Chief Executive Officer
President and CEO since February 2021. Capuano joined Marriott in 1995 and led global development before becoming CEO, steering the company through the pandemic recovery, the 2023 City Express brand acquisition, midscale brand launches and record pipeline grow…
Source - David Marriott2023–present
Chairman of the Board
He oversees the board's strategic expansion into luxury all-inclusive resorts and short-term apartment rentals to combat Airbnb.
Source - Jen Mason2026–present
Chief Financial Officer
Became CFO after Leeny Oberg retired effective March 31, 2026.
Source
Timeline: Bank of America and Marriott side by side
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.
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.
1927Marriott
The Root Beer Stand That Started It All
J. Willard and Alice Marriott open an A&W Root Beer franchise on 14th Street NW in Washington, D.C. On May 20, 1927 the same day Charles Lindbergh completes the first solo transatlantic flight.
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.
1937Marriott
Airline Catering Pioneer
Marriott signs one of the country's first airline catering contracts with Eastern Air Lines, establishing commissary kitchens near airports to prepare in-flight meals.
1953Marriott
Hot Shoppes Goes Public
Hot Shoppes, Inc. sold shares to the public for the first time, giving the family restaurant chain capital for expansion.
1957Marriott
First Hotel Opens in Arlington, Virginia
Marriott opened the Twin Bridges Motor Hotel in Arlington, Virginia, its first hotel and the start of the lodging business that would later define the company.
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.
1967Marriott
Company Renames as Marriott Corporation
Hot Shoppes, Inc. Renames itself Marriott Corporation to reflect the growing importance of the lodging division relative to the restaurant business.
1972Marriott
J.W. Marriott Jr. Becomes CEO
Bill Marriott, son of the founders, became CEO and led the company for four decades, building the multi-brand portfolio and the franchising and management model.
1993Marriott
Historic Split Creates the Asset-Light Model
Marriott Corporation undergoes one of the most consequential restructurings in American corporate history, splitting into two independent companies: Host Marriott Corporation (which retains the physical hotel real estate and debt) and Marriott International (w…
1997Marriott
Renaissance Hotels Acquisition
Marriott acquires Renaissance Hotel Group for approximately $1 billion, adding the Renaissance Hotels, Ramada International, and New World hotel brands to its portfolio.
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.
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.
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.
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.
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.
2016Marriott
Landmark Starwood Acquisition
Marriott completes its $13.6 billion acquisition of Starwood Hotels & Resorts Worldwide the largest hotel merger in history adding 11 brands (including Sheraton, Westin, W Hotels, St.
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.
2018Marriott
Catastrophic Starwood Data Breach
Marriott discloses that the Starwood guest reservation database acquired in the 2016 merger had been compromised since 2014, exposing the personal data of up to 500 million guests including passport numbers, payment card details, and travel itineraries.
2019Marriott
Marriott Bonvoy Loyalty Program Launches
Marriott consolidates the Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Guest programs into the unified Marriott Bonvoy platform, creating one of the world's largest travel loyalty ecosystems.
2021Marriott
Anthony Capuano Named CEO
Anthony Capuano became CEO in February 2021, succeeding Arne Sorenson, who died of pancreatic cancer. Capuano, a Marriott veteran since 1995 who previously led global development, took over during the pandemic travel collapse.
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.
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.
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.
2025Marriott
FY2025 Revenue of $26.186 Billion
Marriott reported $26.186 billion in revenue and $2.601 billion in net income, grew net rooms over 4.3% and returned more than $4.0 billion to shareholders.
2026Marriott
Jennifer Mason Becomes CFO
Jennifer C. Mason became Marriott's Chief Financial Officer after Leeny Oberg retired effective March 31, 2026.
2026Marriott
Marriott Passes 10,000 Properties
Marriott opened the JW Marriott Ranthambore Resort & Spa in India in June 2026, marking its 10,000th property worldwide.
Acquisitions
Bank of America
- Countrywide Financial2008$4B
- Merrill Lynch2008$50B
- LaSalle Bank2007$21B
- MBNA2006$35B
- FleetBoston Financial2004$47B
- BankAmerica / NationsBank merger1998$43B
Marriott
- City Express Hotels (Hoteles City Express)2023$100M
- Elegant Hotels Group2019Undisclosed
- Starwood Hotels & Resorts Worldwide2016$13.6B
- Renaissance Hotel Group1997$1B
- Ritz-Carlton Hotel Company1995$200M
Questions about Bank of America vs Marriott
Who is the CEO of Bank of America Corporation and Marriott International?
Bank of America Corporation is led by Brian Moynihan and Marriott International is led by Anthony Capuano. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Bank of America Corporation founded vs Marriott International?
Bank of America Corporation was founded in 1904 — 23 years before Marriott International, which was founded in 1927. Bank of America Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Marriott International.
How many employees does Bank of America Corporation have compared to Marriott International?
Bank of America Corporation employs approximately 213,000 people, while Marriott International employs approximately 148,000. Bank of America Corporation has the larger workforce at 213,000 employees, compared to Marriott International's 148,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Bank of America Corporation and Marriott International headquartered?
Both Bank of America Corporation and Marriott International are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Bank of America Corporation and Marriott International?
Bank of America Corporation was founded by Amadeo Peter Giannini. Marriott International was founded by J. Willard Marriott, Alice Sheets Marriott.
Which company has a longer operating history — Bank of America Corporation or Marriott International?
Bank of America Corporation has been operating for approximately 122 years, making it the more established of the two companies. Marriott International has been in operation for around 99 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Bank of America vs Marriott overview