<P> In September 2013, Bank of America sold its remaining stake in the China Construction Bank for as much as $1.5 billion, marking the firm's full exit from the country . </P> <P> In August 2014, Bank of America agreed to a near - $17 billion deal to settle claims against it relating to the sale of toxic mortgage - linked securities including subprime home loans, in what was believed to be the largest settlement in U.S. corporate history . The bank agreed with the U.S. Justice Department to pay $9.65 billion in fines, and $7 billion in relief to the victims of the faulty loans which included homeowners, borrowers, pension funds and municipalities . Real estate economist Jed Kolko said the settlement is a "drop in the bucket" compared to the $700 billion in damages done to 11 million homeowners . Since the settlement covered such a substantial portion of the market, he said for most consumers "you're out of luck ." </P> <P> Much of the government's prosecution was based on information provided by three whistleblowers--Shareef Abdou (a senior vice president at the bank), Robert Madsen (a professional appraiser employed by a bank subsidiary) and Edward O'Donnell (a Fannie Mae official). The three men received $170 million in whistleblower awards . </P> <P> Bank of America has formed a partnership with the United States Department of Defense creating a newly chartered bank DOD Community Bank ("Community Bank") providing full banking services to military personnel at 68 branches and ATM locations on U.S. military installations in Guantanamo Bay Naval Base Cuba, Diego Garcia, Germany, Japan, Italy, Kwajalein Atoll, South Korea, the Netherlands and the United Kingdom . It should be noted that even though Bank of America operates Community Bank customer services are not interchangeable between the two financial institutions, meaning a Community Bank customer cannot go to a Bank of America branch and withdraw from their account and vice versa . Deposits made into checking and savings accounts are insured by the Federal Deposit Insurance Corporation up to $250,000 despite the fact that none of Community's operating branches are located within the jurisdictional borders of the United States . </P>

Is us bank part of bank of america