Bank of America Announces 2005 Regional Auctions of the Year
Eight winners from across the nation
BREA, Calif., March 8 -- Eight motor vehicle auction companies have been named by Bank of America as 2005 Regional Auctions of the Year.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b) The 2005 winners are: - Central Florida Auto Auction, Orlando, Fla. - Atlanta Auto Auction, Atlanta, Ga. - Dealers Dallas Auto Auction, Dallas, Texas - Dealers Auto Auction Northwest, Spokane, Wash. - Bay Cities Auto Auction, San Francisco, Calif. - Greater Phoenix Auto Auction, Phoenix, Ariz. - Fort Worth Auto Auction, Fort Worth, Texas - Brashers Northwest Auto Auction, Eugene, Ore.
"Bank of America sold 33,500 vehicles, including automobiles, RVs, boats and motorcycles, at auction in 2005," said Bank of America Remarketing Executive Steve Piccinati. "Of the 43 different auction locations we used, these eight represented the highest standards in areas critical to our success. Those areas are consistently outstanding customer service, high asset values, marketing effectiveness and internet sales."
Piccinati will present each of the eight winning auctions with a plaque recognizing their accomplishments on March 9 at the Conference of Automotive Remarketing in Las Vegas.
Through its Dealer Financial Services unit, Bank of America provides retail loan financing and the full range of commercial banking services to dealers in the automobile, recreational vehicle, marine and motorcycle industries across the United States. These services include comprehensive inventory financing, commercial loans, depository services, and merchant and treasury management services. Bank of America has relationships with more than 10,000 dealer clients and manages over $38 billion in consumer and commercial loans through Dealer Financial Services.
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 and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 38 million consumer and small business relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 14 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock is listed on the New York Stock Exchange.
www.bankofamerica.com
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