Bank of America lands in Green Bay the week DOJ subpoenas banks over debanking

Bank of America flew its Gulfstream G280 (N228BA) from Lakeview, Oregon to Green Bay, Wisconsin on June 15, a 1-hour-48-minute hop that ended just before noon Central. The aircraft cruised at 45,025 feet and topped out at 527 knots groundspeed.

The same week, the U.S. Department of Justice issued subpoenas to Bank of America, JPMorgan Chase, and Wells Fargo over alleged political "debanking" practices, per reporting from Reuters and the Wall Street Journal cited by AlphaPilot. The investigation, led by the U.S. Attorney's Office in D.C., targets whether major financial institutions closed customer accounts based on political affiliations rather than legitimate risk. Bank of America declined to comment when contacted by Reuters. The flight from Oregon—far from the bank's Charlotte headquarters or its New York financial hub—suggests a senior executive or legal team may have been traveling in the West before heading to the Midwest for meetings or internal briefings related to the probe. Green Bay is not a typical Bank of America destination; the bank's corporate fleet usually shuttles between Charlotte, New York, Washington, San Francisco, and London.

The bank faces additional scrutiny this month as the Federal Reserve releases its annual stress test results on June 24, and it is set to report second-quarter earnings on July 14, per a note from TS2.tech. The convergence of regulatory subpoenas and the stress-test calendar keeps Bank of America's compliance and legal teams on the move.