Bank of America Expands National Community Advisory Council

New Members Increase Focus on Sustainability as the Council
Celebrates a Decade of Engagement

CHARLOTTE, N.C.–(BUSINESS WIRE)–Today, the National Community Advisory Council (NCAC), a diverse group
of nonprofit and private-sector leaders convened by Bank of America,
recognizes its 10th anniversary with the addition of five new
members representing environment and sustainability expertise. Meeting
this week in Washington, D.C., the group of senior consumer, community
and academic leaders gathers twice a year to advise the bank on critical
issues impacting society.

Formed in 2005, NCAC initially provided guidance on the bank’s community
development lending and investment activities. While continuing its
focus on community development and consumer policy issues, the council’s
concentration has evolved into a broader focus on environmental, social
and governance (ESG) issues and performance.

As part of the broad portfolio of climate change goals and
transformative finance initiatives the bank has engaged with several
leading environmental organizations. This led to an increased focus and
expansion of environmental NCAC membership, which now includes:

  • Armond Cohen, executive director, Clean Air Task Force
  • Rick Fedrizzi, founding chairman and CEO, U.S. Green Building Council
  • Bob Perciasepe, president, Center for Climate and Energy Solutions
    (C2ES)
  • Andrew Steer, president and CEO, World Resources Institute
  • Mark Tercek, president and CEO, The Nature Conservancy

Another recent addition to the NCAC roster is Jane Nelson, a globally
recognized leader in the CSR arena who currently serves as director of
the Harvard Kennedy School’s Corporate Social Responsibility Initiative.

“Our members challenge us and collaborate with us to strengthen the
impact of our collective work in the communities we serve, and we
welcome new voices around the table to further that goal,” said Andrew
Plepler, Corporate Social Responsibility executive, Bank of America, and
NCAC chair. “We are proud that what started out as a conversation about
community development has evolved into a decade of engagement on some of
the biggest issues facing society.”

This week’s meeting will provide an opportunity for NCAC members and
bank executives to sit down together and engage in meaningful dialogue
on a broad range of topics, including neighborhood stabilization efforts
around affordable housing, the state of civil rights, and environmental
sustainability issues. These meetings are meant to address important
topics and open the lines of communication between NCAC members and the
bank on the state of the economy and how these collaborative efforts can
lead to meaningful solutions.

“Bank of America has long set a high bar for social responsibility
programs that enhance the communities they serve,” said Rick Fedrizzi,
founding chairman and CEO, U.S. Green Building Council. “I’m honored to
be part of its National Community Advisory Council, and look forward to
serving with such an exceptional group.”

The six new members join a seasoned group comprised of nationally
recognized consumer advocates, academic leaders, civil rights leaders,
and community development and environmental experts, including:

  • Orson Aguilar, president, Greenlining Institute
  • Nancy Andrews, president and CEO, Low Income Investment Fund
  • Lee Beaulac, principal, Beaulac Associates, LLC*
  • Cornell William Brooks, president and CEO, NAACP
  • Mark Calabria, director, Financial Regulation Studies, CATO Institute
  • Kurt Chilcott, president and CEO, CDC Small Business Finance
  • Martin Eakes, president and CEO, Self-Help Ventures Fund*
  • Ted Gayer, director, Economic Studies Program, Brookings Institution
  • Wade Henderson, president and CEO, Leadership Conference on Human
    Rights
  • Calvin Holmes, president, Chicago Community Loan Fund
  • Susan Keating, president and CEO, National Foundation for Credit
    Counseling
  • Mindy Lubber, president, Ceres
  • Terri Ludwig, president and CEO, Enterprise Community Partners, Inc.
  • Marc Morial, president and CEO, National Urban League
  • Janet Murguía, president and CEO, National Council of La Raza*
  • Mark Pinksy, president and CEO, Opportunity Finance Network
  • Travis Plunkett, senior director, Family Economic Security Portfolio,
    PEW Charitable Trust
  • Michael Rubinger, president and CEO, Local Initiatives Support
    Corporation*
  • Ellen Seidman, chair of the board of directors, Aeris, Inc.
  • John Taylor, president and CEO, National Community Reinvestment
    Coalition
  • Jennifer Tescher, president and CEO, Center for Financial Services
    Innovation
  • Sarah Rosen Wartell, president, Urban Institute
  • Paul Weech, CEO, Neighborworks
  • Barry Zigas, director, Housing Policy, Consumer Federation of America

* Denotes founding member

About the National Community Advisory Council (NCAC)
Through a
series of semiannual meetings each year, the National Community Advisory
Council (NCAC) works with Bank of America to address critical issues,
including new ways to improve its environmental business initiatives,
evolve its responsible business practices and examine its approach to
governance in order to help build stronger communities and more stable
economies. As an example of the collaboration, the NCAC is credited with
advising the bank on key issues related to financial stability,
resulting in products like SafeBalance Banking®, programs
such as Better Money Habits™ and revised policies related to
transparency and fees.

Bank of America
Bank of America is one of the world’s leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range of
banking, investing, asset management and other financial and risk
management products and services. The company provides unmatched
convenience in the United States, serving approximately 47 million
consumer and small business relationships with approximately 4,700
retail financial centers, approximately 16,100 ATMs, and award-winning
online banking with 32 million active users and more than 18 million
mobile users. Bank of America is among the world’s leading wealth
management companies and is a global leader in corporate and investment
banking and trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the
world. Bank of America offers industry-leading support to approximately
3 million small business owners through a suite of innovative,
easy-to-use online products and services. The company serves clients
through operations in all 50 states, the District of Columbia, the U.S.
Virgin Islands, Puerto Rico and more than 35 countries. Bank of America
Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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Contacts

Reporters May Contact:
Noelle Bell, Bank of America, 1.980.388.6791
noelle.bell@bankofamerica.com