They are:     --  Susan S. Bies, 62, a former member of the Board of Governors of the       Federal Reserve System and former chief financial officer of First       Tennessee National Corporation.     --  William P. Boardman, 67, retired executive of Bank One Corporation and       Visa International, Inc.     --  D. Paul Jones, 66, former chairman and chief executive officer of       Compass Bancshares, Inc.     --  Donald E. Powell, 67, former chairman of the Federal Deposit Insurance       Corporation (FDIC) and former president and chief executive officer of       The First National Bank of Amarillo.   

"These new directors bring a wealth of experience in financial services from a variety of perspectives," said Walter E. Massey, Bank of America chairman. "Their participation will make our board even stronger as we move our company toward achieving its true potential."

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"I look forward to working with our new board members and taking advantage of their counsel," added Ken D. Lewis, Bank of America chief executive officer and president.

Biographies

Bies served as a Governor of the Federal Reserve from 2001 to 2007. During that time she represented the Federal Reserve in the Financial Stability Forum and led the Fed's efforts to modernize the Basel capital accord. Previously, she was chief financial officer, chairman of the asset-liability management committee and executive vice president of risk management at First Tennessee National Corporation where she was employed from 1979 through 2001. She is currently on the board of Zurich Financial Services. From 2007 through 2008, she was a member of Securities and Exchange Commission's advisory committee on improving financial reporting and chairman of its substantive complexity subcommittee.

Boardman was chairman of Visa International, Inc. from 1996 until his retirement in 2005 and also formerly served as a director of both that company and Visa U.S.A. A native of Columbus, Ohio, he was an executive at Bank One Corporation from 1984 through 2001, serving at various times as chairman and chief executive officer of its credit card subsidiary First USA and as vice chairman of Bank One. He was a director of Bank One Corporation. From 2001 through 2003, he served as a senior advisor on acquisitions and structural matters primarily related to financial institutions for Goldman Sachs & Co. Previously, he practiced law in Columbus.

Jones was an executive with Compass Bancshares, Inc. from 1978 through its acquisition by Spanish bank BBVA in 2007.