The bank also said that investment and asset management will become "Merrill" products, although the wealth management team logo will still include Merrill Lynch's famous bull.
The main financial advisory unit will still act as "Merrill Lynch Wealth Management," according to the company.
Bank of America acquired Merrill Lynch in 2008 at the height of the Wall Street pandemonium. But the Bank of America's commitment to the Merrill Lynch brand gave it a long life. Names like Bear Stearns and Wachovia were not so lucky.
In a statement, CEO Brian Moynihan said the changes would occur in the coming months.
The US Trust, which Bank of America bought in 2007, will now be called Bank of America Private Bank, the bank said.
Founded in 1
] The bank also got the cache on Wall Street for the investment bank.
Since then, the merged entity has increased in value, and Bank of America America seems to believe it's time to move on .