Bank of America Promotes Martin Richards to Global Commercial Banking Executive for the Pacific Northwest Region

SAN FRANCISCO, Feb. 27 /PRNewswire/ -- Bank of America announced today that Martin Richards has been promoted to Global Commercial Banking executive for the Pacific Northwest Region. Richards recently relocated back to San Francisco, where he previously served as the Commercial Banking market executive for the Bay Area.

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In his new role, Richards is responsible for leading the delivery of the full resources of Bank of America to companies with revenues of $2.5 million to $2 billion in Northern California, Washington, Oregon, Idaho, Western Canada and Hawaii. He is also a member of the bank's Management Operating Committee.

Most recently, Richards served as Commercial Banking executive for the company's Central Region, which includes Illinois, Missouri, Wisconsin, Michigan, Iowa, Kansas, Arkansas, Oklahoma, Texas and Arizona.

Prior to joining Bank of America, Richards worked as a consultant with Johnson & Johnson in its healthcare technology subsidiary (eJNJ). Before that, he was senior vice president - Business Development for Carethere, Inc., a healthcare internet company, leveraging industry expertise he developed while with the West Coast practice of First Union Securities Health Care Investment Banking group. Richards began his career in 1992 as a commercial client manager at Maryland National Bank, a legacy Bank of America institution.

He has an MBA from Loyola College, Baltimore, and undergraduate and post- graduate diplomas in finance and management from Ealing College and Kingston University in England. He holds Series 7, 63 and 24 NASD licenses.

Bank of America is the predominant middle market bank in the U.S., serving companies with annual revenues of between $2.5 million and $2 billion as well as not-for-profits and governments. The company leverages its coast-to-coast footprint, global reach and product breadth with the industry expertise of dedicated teams to offer clients integrated solutions that include credit, investment banking, international banking, global treasury services, investment services and personal wealth management.

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 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 99 percent of the U.S. Fortune 500 companies and 83 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 http://www.bankofamerica.com/.