Bank of America Merrill Lynch Names C. John Mostofi Global Commercial Banking Midwest Region Executive

CHICAGO, April 20 /PRNewswire/ -- Bank of America Merrill Lynch today announced that C. John Mostofi has been named Midwest Region executive for Global Commercial Banking. Mostofi succeeds Eugene (Gene) Godbold, who will continue to lead Commercial Real Estate Banking, a national business. Both are based in Chicago.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

"Chicago and the Midwest Region are extremely important markets to Bank of America," said David Darnell, president, Bank of America Global Commercial Banking. "We are pleased to dedicate John's leadership and expertise to our Midwest Commercial Banking clients as we continue to build market share in Chicago and throughout the Midwest." The Midwest Region includes Illinois, Indiana, Michigan, Minnesota, Wisconsin and Ohio.

Darnell continued, "Having Gene run our national commercial real estate business from Chicago further deepens our presence in and underscores our commitment to the region. It's a win for us to have two of our very best leaders there."  

Bank of America is the predominant middle market bank in the United States. In the Midwest region, the bank has 900 commercial banking professionals, including about 600 in Chicago, who seamlessly deliver the bank's full capabilities to 14,750 companies with revenues from $2 million to $2 billion.

Mostofi, a native of Chicago, has more than 20 years of commercial lending experience and began his banking career at LaSalle Bank, N.A. in 1989. In his most recent position, he served as West Division president of Bank of America Business Capital, where he was responsible for asset-based loan origination, underwriting and relationship management for the geographic region extending from Chicago to California, and from Canada to Texas.

Mostofi earned a bachelor's degree in public accounting and a Master of Business Administration in finance from Loyola University in Chicago. He is a Certified Public Accountant (CPA) and a member of the Commercial Finance Association, the Illinois CPA Society, the Association for Corporate Growth and the Executives' Club of Chicago. He is a FINRA Registered Principal and holds Series 7, 24 and 63 securities licenses.

During his 32 years with the company, Godbold has served in a number of senior executive and management positions throughout the company. In his role as Commercial Real Estate Banking president, Godbold leads a team of real estate professionals who provide project and corporate finance and comprehensive financial solutions for a broad array of clients including public and private Real Estate Investment Trusts (REITs) and funds, as well as commercial and residential development companies. With offices from coast-to-coast, Bank of America Commercial Real Estate Banking is the largest provider of commercial real estate financial services in the country.

He is a trustee of the Urban Land Institute and a board member of the Real Estate Roundtable.  

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 approximately 58 million consumer and small business relationships with 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 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 approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 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.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation.  Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC.  Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, locally registered entities.  Investment products offered by Investment Banking Affiliates:  Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed

www.bankofamerica.com

SOURCE Bank of America Merrill Lynch