Bank of America announces commercial banking expansion into Ohio -- Bankers to 'Blitz' the state with calling efforts.CHICAGO--(BUSINESS WIRE)--Oct. 24, 1996--Thursday Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. announces a strategic initiative to expand its roster of middle-market business banking relationships throughout Ohio. To kick off the expansion, teams of bankers will contact more than 600 corporate clients and prospects throughout Ohio during the first two weeks of November. A primary provider of financial solutions to large corporations, the bank plans to increase its marketing efforts to Ohio's midsize businesses with annual sales between $50 million and $250 million. ``We hope to offer our corporate banking expertise and enhanced financial resources to benefit growing Ohio midsized businesses that may not have had access to these financial tools previously,'' said William M. Goodyear, chairman of Bank of America's Midwest regional bank. ``We bring an expansive international network and capital markets capabilities to a greater number of companies that can benefit.'' Goodyear added that Ohio's positive economy is a catalyst to the bank's expansion plans. ``We've always kept a close eye on Ohio, and several of our key clients are there,'' said Goodyear. ``The growing regional economy, coupled with our increased capital and product resources, makes this a good time to increase our prospecting efforts throughout the Midwest.'' To support the increased calling efforts, the bank's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and senior management team will be hosting a series of economic briefings for local business leaders in Cleveland on Nov. 6, Cincinnati on Nov. 12, and Columbus on Nov. 14. In addition, Bank of America has developed an advertising campaign targeting top executives at Ohio companies Ohio Company, organization formed (1747) to extend settlements of Virginia westward. The members were mostly Virginia planters interested in land speculation and the fur trade. . The campaign, which includes print advertising and radio spots, debuted in the Cleveland Plain Dealer, the Toledo Blade, the Cincinnati Inquirer in·quire also en·quire v. in·quired, in·quir·ing, in·quires v.intr. 1. To seek information by asking a question: inquired about prices. 2. , the Columbus Dispatch A dispatch or dispatches can refer to:
With assets of $242 billion, Bank of America is one of the largest commercial lenders Whilst nearly all lenders offer loans on a commercial basis the term commercial lender has differed meanings around the world.
Through its Private Bank, Bank of America also provides investment management, personal trust, and personal banking services to business owners, professionals, foundations, and private investors. -0- NOTE TO EDITOR: If you would be interested is speaking with the head of our Midwest Commercial Banking business, please call Jennifer Bally bally Adjective, adv Brit old-fashioned, slang extreme or extremely: a bally nuisance, he's too bally charming for his own good Adj. 1. , 312/828-1736 to set up an interview. Our CEO and management team will be available for interviews in person in Cleveland on Nov. 6, Cincinnati on Nov. 12, and Columbus on Nov. 14. CONTACT: Bank of America Jennifer Bally, 312/828-1736 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion