July 27, 2006 at 11:00 AM EDT
Andrew Castaldo To Join Bank of America's Natural Resources Investment Banking Group

NEW YORK, July 27 /PRNewswire/ -- Bank of America today announced that Andrew Castaldo will join the Natural Resources Investment Banking group in Banc of America Securities as a managing director focused on Energy Mergers and Acquisitions. Castaldo is expected to start in August and will be based in New York. He will report to Rome Arnold, head of Energy, who as previously announced, is also expected to join Bank of America in August.

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"Andrew is a talented investment banker with a stellar track record, having served as both a financial and legal advisor to corporate clients on significant transactions," said Tony Magro, head of the Natural Resources and Global Industries Investment Banking groups. "The environment for energy investment banking remains quite strong and we expect it to continue. In light of this, we've added several top energy bankers to our team in recent weeks so that we can continue providing best-in-class financial advisory services to companies in the natural resources sector."

Andrew Castaldo will join Bank of America following seven years with Citigroup, where he was most recently a director in the firm's Mergers & Acquisitions group, focused on clients in the Energy industry. Prior to Citigroup, Castaldo practiced corporate law as an associate at Simpson Thacher & Bartlett and Weil, Gotshal & Manges. He received a juris doctorate degree from Harvard Law School and a bachelor of arts degree in Economics & Mathematics from Yale 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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