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Bank of America Agrees to Purchase Countrywide Financial Corp.
Published Jan 11, 2008
Bank of America Corporation today announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion.
The purchase will make Bank of America the nation's largest mortgage lender and loan servicer. According to Bank of America, this is an important advancement in the company's desire to help customers and clients meet all of their financial needs, and a mortgage is one of the key foundations of many customer relationships.
