Ms Bies served as a governor of the Federal Reserve from 2001 to 2007. 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.

Mr Boardman was chairman of Visa International from 1996 until his retirement in 2005 and also formerly served as a director of both that company and Visa USA. He was an executive at Bank One from 1984 through 2001, serving at various times as chairman and CEO of its credit card subsidiary First USA and as vice chairman of Bank One. He was a director of Bank One. From 2001 through 2003, he served as a senior advisor on acquisitions and structural matters primarily related to financial institutions for Goldman Sachs & Company.

Mr Jones was an executive with Compass Bancshares from 1978 through its acquisition by Spanish bank BBVA in 2007. He served as chairman and CEO of that Alabama-based banking company from 1991 through 2007. He is currently of counsel to that firm and a member of its financial institutions group.

Mr Powell served as chairman of the Federal Deposit Insurance Corporation from 2001 through 2005. He served as the federal coordinator of Gulf Coast rebuilding from 2005 into 2008. He has served on a number of boards and was previously chairman of the board of regents of the Texas A&M University System. He is currently a director of Stone Energy Corporation.

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

A service of YellowBrix, Inc.