July 13, 2006 at 11:00 AM EDT
Michael D. Scott Joins Bank of America's Financial Institutions Corporate & Investment Banking Group

NEW YORK, July 13 /PRNewswire/ -- Bank of America today announced that Michael D. Scott has joined the Financial Institutions Corporate & Investment Banking group in Banc of America Securities as a managing director and head of US Government Entities. He is based in New York and reports to Tony Ursano, global head of the Financial Institutions Group.

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"Michael brings nearly 20 years of financial and government experience, as well as extensive contacts in both the public and private sectors," said Ursano. "We look forward to leveraging his proven leadership and transactional experience with our group as we expand and continue to make strides within the US Government entity sector."

Prior to joining Bank of America, Michael Scott worked in President George W. Bush's administration at the U.S. Department of the Treasury, where he served as a senior adviser to the Secretary and other senior Treasury officials. In this role, he worked closely on developing and executing critical initiatives, including federal loans and loan guarantees, restructurings and privatizations. Before the U.S. Department of Treasury, he spent four years with DMG-Maximus, a government-focused consulting firm, where he managed financial advisory engagements.

Scott holds a Master of Business Administration degree with a concentration in finance from Boston College and a Bachelor of Science degree from Ohio State University.

About Bank of America

Bank of America (NYSE:BAC) 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 products and services. The company's Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit www.bankofamerica.com.

Source: Bank of America

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