Summary
This 8-K filing from Bank of America Corporation (BAC), specifically from Bank of America National Association on behalf of the First Omni Bank Credit Card Master Trust, reports on the Monthly Series 1996-A Certificateholders' Statement for the April 16, 2001 Distribution Date. The filing primarily serves to disclose details related to the performance and distributions of this specific credit card securitization trust. For investors, this indicates ongoing activity and reporting within BAC's asset-backed securitization operations, particularly concerning its credit card portfolios as of early 2001. While this report does not contain significant new strategic information or broad financial performance data for Bank of America Corporation as a whole, it is relevant for investors holding or analyzing securities backed by the First Omni Bank Credit Card Master Trust. It highlights the company's continued engagement in securitization activities and its role as a servicer and transferor for these financial instruments. Investors interested in the company's diversified revenue streams and its management of off-balance-sheet assets may find this filing informative regarding the operational aspects of its credit card business.
Key Highlights
- 1The filing pertains to the Monthly Series 1996-A Certificateholders' Statement for the First Omni Bank Credit Card Master Trust.
- 2It concerns the distribution date of April 16, 2001, and the related monthly period.
- 3Bank of America National Association acts as the Transferor and Servicer for the trust.
- 4The report includes an incorporated exhibit (Exhibit 99.1) referencing a Transfer and Assumption Agreement dated April 25, 1998.
- 5This filing is an update on the operational status and reporting for a specific credit card securitization trust managed by Bank of America.
- 6The event date reported is March 30, 2001, with the filing date of April 29, 2001.