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Bank of America Names Matthew B. Elliott President for Michigan

Wednesday, October 24, 2012 10:00 am EDT

Dateline:

DETROIT

Public Company Information:

NYSE:
BAC
"As state president, Matt will leverage our local resources and talented team to support the needs of customers and serve the community."

Bank of America today announced that Matthew B. Elliott has been named Michigan state president.

As state president, Elliott will serve as the company’s enterprise leader in Michigan. He will work with company leaders across the state to help deliver a wide range of global financial services to more individuals and businesses locally as well as deepen relationships with existing customers. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, and employee volunteerism.

“Matt’s range of experience in financial services will benefit our customers and clients as he takes on this key leadership role in Michigan,” said Bank of America Chief Executive Officer Brian Moynihan. “As state president, Matt will leverage our local resources and talented team to support the needs of customers and serve the community.”

In addition to his responsibilities as state president, Elliott serves as Global Commercial Banking market executive for middle market banking in Michigan, Indiana and Ohio. In this role, he leads a team of middle market bankers who deliver integrated financial solutions to mid-sized companies and institutions.

Elliott joined Bank of America in 2010 and has more than 20 years of experience in commercial lending, capital markets and corporate finance. A Michigan State University alumnus, he also earned his MBA with honors from the University of Chicago’s Booth School of Business.

Elliott resides in Beverly Hills, Michigan with his wife and two children. He serves as a member of the board of directors of the Detroit Zoological Society.

Last year, Bank of America employees in Michigan volunteered nearly 6,000 hours to local nonprofits and continue to play a major role in philanthropic initiatives, including United Way and Habitat for Humanity. More than $3 million in 2011 statewide philanthropic giving helped nonprofit community organizations develop and grow, including those that provide basic human services such as hunger relief and housing assistance.

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 55 million consumer and small business relationships with approximately 5,500 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active 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 more than 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.

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www.bankofamerica.com

Contact:

Reporters May Contact:
Diane Wagner, Bank of America, 1.312.992.2370
diane.wagner@bankofamerica.com