Bank of America Names Deon Pitsor President for Iowa

DES MOINES, Iowa--()--Bank of America today announced that Deon Pitsor has been named Iowa state president.

As state president, Pitsor will help the company deliver a wide range of global financial services to more individuals and businesses locally as well as deepen relationships with existing customers. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, and employee volunteerism.

“We’re pleased to have Deon direct our work serving customers and clients in Iowa,” said Brian T. Moynihan, CEO, Bank of America. “Deon brings a diverse background in financial services to this important leadership role as well as a dedication to serving the community.”

In addition to his responsibilities as state president, Pitsor serves as a client manager serving business banking clients across Iowa. Business banking provides strategic, integrated financial advice and solutions to small- and mid-sized businesses with $5 million to $50 million in annual revenues.

A native Iowan, Pitsor joined Bank of America in 1986 and held a number of leadership positions in commercial and private banking throughout his career. Additionally, he served as Des Moines market president from 2006 to 2008.

A University of Iowa alumnus, he also has an MBA from University of Missouri, Kansas City. Pitsor resides in Johnston with his wife and two children and is active in the community, having served a two-year term as president and six-year term on the board of directors for Children & Families of Iowa Foundation as well as a board position with Iowa Jobs for America Graduates (IJAG).

Bank of America continues to actively lend, invest and give in Iowa. In 2011, the bank provided more than $264,000 in statewide philanthropic giving which helped nonprofit community organizations develop and grow, including those that provide basic human services such as hunger relief, housing assistance and access to healthcare. During the first six months of this year, Bank of America employees in Iowa volunteered more than 524 hours to local nonprofits as well as provided vital support to the United Way campaign.

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 56 million consumer and small business relationships with approximately 5,600 retail banking offices and approximately 16,200 ATMs and award-winning online banking with 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 through operations in more than 40 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.

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www.bankofamerica.com

Contacts

Reporters May Contact:
Diane Wagner, Bank of America, 1.312.992.2370
diane.wagner@bankofamerica.com

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Contacts

Reporters May Contact:
Diane Wagner, Bank of America, 1.312.992.2370
diane.wagner@bankofamerica.com