Summary
This Form 8-K filing by Bank of America Corp./DE/ (BAC) on April 30, 2001, pertains to the NationsCredit Grantor Trust 1997-1. The primary purpose of this filing is to report the Certificateholders' Statements for the collection period ending March 31, 2001. Investors should note that this report is not providing new financial performance data for Bank of America Corporation as a whole, but rather details related to a specific securitization trust managed by its subsidiary, NationsCredit. The key information investors can glean from this filing is the status of the collections within the NationsCredit Grantor Trust 1997-1 as of the specified period. While detailed financial performance metrics for the trust are not explicitly provided in the text, the filing confirms the availability of the Certificateholders' Statements, which would contain such information and are submitted as an exhibit. This is a routine filing for a securitization trust and indicates ongoing operational activity and reporting for that specific financial instrument.
Key Highlights
- 1Filing pertains to NationsCredit Grantor Trust 1997-1, a securitization trust managed by Bank of America's subsidiary, NationsCredit.
- 2The report's main purpose is to file the Certificateholders' Statements for the collection period ending March 31, 2001.
- 3This is a routine filing, confirming the ongoing reporting for the specified securitization trust.
- 4The filing does not provide new consolidated financial results or material updates for Bank of America Corporation (BAC) itself.
- 5Exhibit 19.1 contains the Certificateholders' Statements, which would detail collection performance for the trust.
- 6The underlying pooling and servicing agreement referenced dates back to April 30, 1997.