Bank of America Corporation (NYSE:BAC) has named a new leader for its Minnesota operations.

Bank of America Names MN Head

Bank of America Corporation (NYSE:BAC) announced that it has appointed Daniel Statsick as the president of its Minnesota state operations.

As state president, Statsick will serve as Bank of America Corporation (NYSE:BAC)’s leader in Minnesota and work to expand its consumer and business banking enterprise here.

Diane Wagner, Bank of America Corporation (NYSE:BAC) spokeswoman said that, “This was a new position for the bank in Minnesota and represented a “recommitment to the market. Bank of America Corporation (NYSE:BAC) doesn’t have retail banking in the Twin Cities, but through Merrill Lynch it has one of the largest asset management firms. Other operations include Bank of America Corporation (NYSE:BAC) Home Loans, its U.S. Trust wealth management business, and commercial lending operations. The bank also has 22 ATMs in the state”.

Bank of America Corp. (NYSE:BAC) shares were at 7.18 at the end of the last day’s trading. There’s been a -10.3% movement in the stock price over the past 3 months.

Bank of America Corp. (NYSE:BAC) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 5 out of 16 in the industry