Bank of America Appoints Pitsor as Iowa State President and Des Moines Local Market President

DES MOINES, Iowa, April 24 /PRNewswire-FirstCall/ -- Bank of America today announced the appointment of Deon Pitsor as The Private Bank's new City Executive in Des Moines, Iowa, and was named to the additional roles of Iowa State President and Des Moines Market President.

  (Photo: http://www.newscom.com/cgi-bin/prnh/20060424/CLM045)
  (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b)

Mr. Pitsor is a native of Hampton, Iowa and will be located in the bank's downtown Des Moines offices. As market president for the bank, his responsibilities will be to integrate and focus the company's local resources to generate revenue and strategic business growth for the bank's many diverse services and products. In addition, he will also lead civic and philanthropic initiatives to enhance the way Bank of America business units work together to serve customers and communities.

"Des Moines and the broader state of Iowa have a strong, diverse and growing economy which, when combined with the talent level of our associates, should allow the bank to grow significantly," said Mr. Pitsor. "I look forward to coming back to Iowa with my family and I personally appreciate the opportunity to become involved with the business and charitable community of Des Moines and to leverage the great resources of Bank of America locally."

Mr. Pitsor first joined the bank in Kansas City in 1986. Over the years, he has represented several lines of business for the bank, including business banking, global finance, correspondent banking and the Private Bank. Most recently he was market manager of the Home Builder Division in Kansas City until assuming his current position of market and state president for Iowa.

"We are thrilled that Deon Pitsor is returning to Iowa to serve in these critical business roles," said Clyde Wendel, Regional Market Executive of The Private Bank. "Deon has an outstanding track record as a business, community and civic leader. He will be an effective champion for Bank of America customers, clients and communities throughout the state of Iowa."

Mr. Pitsor will be relocating to Des Moines from Lenexa, Kansas with his wife and two sons. He graduated from the University of Iowa in 1980 with a Bachelors of Business Administration and he received an MBA from the University of Missouri - Kansas City in 1987.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 38 million consumer and small business relationships with more than 5,800 retail banking offices, nearly 17,000 ATMs and award-winning online banking with more than 14 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

SOURCE: Bank of America

CONTACT: Michael Chee of Bank of America, +1-213-621-7414, or
michael.d.chee@bankofamerica.com

Web site: http://www.bankofamerica.com/