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Why is the word “Banc” in Banc of America Online Investing, Powered by Merrill Lynch spelled with a “c”?

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Why is the word “Banc” in Banc of America Online Investing, Powered by Merrill Lynch spelled with a “c”?

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The word “Banc” in Banc of America Online Investing, Powered by Merrill Lynch is spelled with a “c” to differentiate bank products and investment products. Banking products are provided by Bank of America, N.A., member FDIC. Investment products are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated and are not insured by the FDIC, may lose value and are not bank guaranteed.

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