Bank of America Expands Toronto-based Global Corporate and Investment Banking Team



    TORONTO, June 28 /CNW/ -- Bank of America has announced two hires to its
Toronto-based Global Corporate and Investment Banking (GCIB) team with the
appointments of Paul R. DeMelo as Managing Director and head of Corporate
Banking, and J. Andrew Riddell as Senior Vice President and Senior Client
Manager in Commercial Banking. Both are based in Toronto, Canada.
    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )
    
    DeMelo reports to Donald C. Stewart, Managing Director and Principal
Officer and Chairman of Banc of America Securities Canada Co. In his position
as head of Corporate Banking, DeMelo is responsible for building out and
leading the bank's expanding corporate banking efforts in Canada.
    DeMelo brings a wealth of experience and success in building and leading
corporate banking teams in Canada and the United States over a career spanning
20 years. His most recent position was head of Corporate Banking for JPMorgan
Canada.
    "The hiring of Paul to Bank of America underscores the company's
commitment to further support our clients' needs and expand our presence in
the Canadian market," says Stewart. "As head of Corporate Banking for Canada,
Paul will build out a team dedicated to enhancing the delivery of Bank of
America's global product suite and services to our Canadian client base."
    Riddell reports to Kevin Murphy, Commercial Banking Market Executive for
Upstate New York and Eastern Canada at Bank of America. In his position as
Senior Client Manager, Riddell is responsible for leading and growing the
bank's existing portfolio of commercial customers.
    Riddell brings with him a 17 year history of outstanding results in
servicing the Canadian commercial sector with a particular focus on cross
border financial service needs. His most recent position was as a Senior Vice
President in the International Banking group at National City Bank, Canada
branch.
    Murphy comments: "Andrew's appointment reflects Bank of America's
commitment to the Canadian commercial market. As Senior Client Manager, Andrew
will be tasked with delivering the full suite of Bank of America's global
capabilities to our Canadian customers."

    
    About Bank of America:
    
    Bank of America has maintained a strong Canadian presence for more than
30 years.  With offices in Calgary, Montreal, Ottawa, Toronto and Vancouver,
the Canadian branch of Bank of America is one of the largest foreign banks in
the country. Major business lines include Corporate and Investment Banking
Commercial Banking, Commercial Real Estate Banking, Business Capital, Global
Markets, Global Treasury Services and Leasing. MBNA Canada Bank, a subsidiary
of Bank of America Corporation, is the leading provider of co-branded and
affinity credit card programs in Canada, and one of the largest MasterCard
issuers in the country.
    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 80 percent of the Global Fortune 500. Canadian
GCIB services are offered through the Canadian Branch of Bank of America, N.A.
and Banc of America Securities Canada Co., a wholly owned subsidiary of Bank
of America, N.A..  Bank of America, N.A., is authorized and regulated by the
Office of the Superintendent of Financial Institutions and Banc of America
Securities Canada Co. is an Investment Dealer authorized and regulated within
the provinces of Ontario and Quebec. For additional information, visit
http://www.bankofamerica.com





For further information:

For further information: Elizabeth Wood of Bank of America, 
+44-0-20-7174-4441, elizabeth.wood@bankofamerica.com Web Site:
http://www.bankofamerica.com

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