Bank of America Hires Michael Buza To Expand Automobile Team in Chicago

CHICAGO, Aug. 21, 2006 -- Bank of America announced today that Michael Buza has joined the bank as a Dealer Financial Services senior client manager serving automobile dealers in the Chicago metro area.

In his new role, Buza represents a team of financial, product and industry experts who leverage the resources of Bank of America to meet the financial needs of new-car franchise automobile dealers.

"Bringing Michael on board signifies an increase in our focus on the very important Chicago market," said Don Fullrich, Central Region commercial sales manager for auto. "Our dealer clients in Chicago will benefit from Michael's considerable knowledge of the dealer business as well as his financial expertise and consultative approach to relationship management."

Buza has 15 years of experience in financial services, all in the Chicago area. He comes to Bank of America from Comerica Bank, where he had worked since 2000. He previously worked with General Electric Capital and Merrill Lynch.

Buza has a Bachelor of Science degree with an emphasis in Finance from Ball State University.

Through its Dealer Financial Services unit, Bank of America provides retail loan financing and a full suite of commercial banking services to dealers in the automobile, recreational vehicle, marine and motorcycle industries across the United States. Commercial banking services include credit, deposit and treasury management services, merchant card services, derivatives and investment banking, delivered as customized solutions to every client. With more than 11,000 dealer clients, Bank of America manages more than $40 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 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 79 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/

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