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HISTORY The Bank has over 90 years of history in Hong Kong, when its predecessor, the Bank of Canton - the first Chinese-owned bank in the territory - was founded in February 1912 . The Bank of Canton was acquired by the Security Pacific National Bank in 1988 , and was renamed '''Security Pacific Asian Bank'''. The bank became part of the Bank Of America following a merger of the Security Pacific National Bank and the Bank of America in 1992 , and was renamed Bank of America (Asia) in 1993 . In terms of net assets, Bank of America (Asia) is the most profitable and the largest subsidiary of Bank of America outside of the United States. SUBSIDIARIES AND AFFILIATED COMPANIES
Bank of America (Macau) ''Main article: Bank Of America (Macau) '' The Bank of America (Macau) incorporated on July 1 , 1936 as Bank of Canton, is one of the longest established banks in Macao . It was renamed Security Pacific Asian Bank (Macau) in 1991 and as Bank of America (Macau) in 1994 . SEE ALSO
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