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Bank of America Merrill Lynch Adds North America Cash Management Accolade

Euromoney Magazine Names Firm Best for Third Consecutive Year

Tuesday, July 16, 2013 10:50 am EDT

Dateline:

NEW YORK

Public Company Information:

NYSE:
BAC
"Best Cash Management House in North America"

Euromoney magazine has named Bank of America Merrill Lynch “Best Cash Management House in North America” as part of the Euromoney Awards for Excellence 2013. The recognition marks the third consecutive year BofA Merrill has received the top North America cash management honor as determined by the editorial staff of Euromoney.

In North America, BofA Merrill offers comprehensive transaction and cash management services to large corporations, middle-market companies and small businesses across the United States and Canada. These services include liquidity management, payments and receipts, trade and supply chain finance, foreign exchange, commercial card services and custody and agency services.

The Euromoney award is just the latest in a series of external recognition BofA Merrill’s Global Transaction Services team has received in 2013 for industry leadership in North America. Previously, the firm was named:

  • Best Overall Bank for Cash Management, North America (Global Finance).
  • Best Bank for Liquidity Management, North America (Global Finance).
  • Best Trade Finance Bank in the U.S. (Trade Finance).
  • Best Trade Finance Bank in the U.S. (Global Finance).
  • Best Trade Finance Bank in North America (Global Trade Review readers poll).

In selecting BofA Merrill for its award, Euromoney noted that even with its top-ranking position in previous years, the firm continues to find new opportunities to serve its clients better. Teamwork with investment bankers, success helping middle market companies expand internationally, and enhancements for clients in Canada were among the examples the editors cited.

“We are very honored to receive this industry recognition,” said Dub Newman, head of North America Global Transaction Services. “With our long history of providing treasury solutions in the United States and Canada, our clients expect us to provide not only technology and product innovations but also excellent service and advisory expertise to help them optimize their working capital. We consistently aim to exceed those expectations.”

“We tailor our suite of transaction services offerings to meet the needs of clients of all sizes in North America,” added Galen Robbins, head of Global Commercial Banking Treasury Solutions. “As companies grow and change, we proactively suggest ways they can more efficiently and effectively manage their working capital.”

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. We serve approximately 52 million consumer and small business relationships with approximately 5,400 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

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Contact:

Reporters May Contact:
Will Wilson, Bank of America Merrill Lynch, 980.388.3360
will.wilson@bankofamerica.com