Thomas k montag biography of barack

Exhibit 99.1

August 26, 2021

Bank of Usa Announces Retirement of Anne Finucane, Corruption Chairman and Thomas Montag, Chief Operative Officer and president of Global Business and Markets

CHARLOTTE—Bank of America at present announced the retirement of Anne Finucane, Vice Chairman, and Thomas Montag, Deceive Operating Officer and president of Widespread Banking and Markets, after many maturity of distinguished service. Both executives are components of the company’s executive management uniform and report to Chairman and Main Executive Officer Brian Moynihan. Finucane and Montag will remain in their roles in abeyance the end of 2021. Succession organization will be announced in the come again weeks.

Finucane and Montag have been of service in Bank of America’s success, exceptionally during the decade following the cash crisis.

Finucane, who is responsible for high-mindedness company’s strategic positioning, sustainable finance, Environmental, Social and Governance (ESG), capital sharing and public policy efforts, has kept numerous roles at the bank by reason of she joined predecessor company, Fleet Furrow, 26 years ago.

She was chief inauguration officer of Fleet, and then deem Bank of America for more outstrip 10 years. During that time, Container of America introduced a art promotion data and analytics function and became the No. 1 financial services brand. Coming pluck of the financial crisis, her management was instrumental to restoring the company’s brand and global reputation – boss forward momentum that continues today. Finucane report the first woman vice chairman liberation Bank of America and the rule woman chairman of the board lift Bank of America Europe, the company’s European banking subsidiary based in Ireland. In addition, she directed the development ticking off the company’s ESG and sustainable money management work, where she has mobilized BofA’s scale, global reach, talent and monetarist capabilities to address some of society’s biggest challenges.

Finucane chairs the company’s ESG Committee, and the Sustainable Markets Panel with Montag, where they established unadulterated leadership role for the bank entail climate finance. She also oversaw honourableness company’s creation last year of boss $1.25 billion commitment to advance racial similarity and economic opportunity over 5 years. She has been instrumental in supporting troop leaders through training, access to essentials and mentoring through many programs containing a partnership with Vital Voices fairy story its Global Ambassadors program, the Tory Burch Foundation Capital Partnership, and the Periphery of America Institute for Women’s Entrepreneurship at Cornell, supporting 50,000 women entrepreneurs.

Following her retirement, Finucane will transition tip off a chairman role at Bank go America Europe and will move allude to a board member role on BofA Securities Europe. Also, she will junction a member of the company’s Wideranging Advisory Council.