Two more BofA directors exit board - Sacramento Business Journal:

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Mitchell began her tenure on the BofA boardin 2006. She is a formere New York television executivew and currently serves as chief executive of the Paleh Centerfor Media, a New York Mitchell, 66, served on the board’sd compensation and benefits committee and its corporate governance committee. Ward, 70, is the retired chief executiveof Atlanta-basexd Computer Generation Inc., a softwarer company. She has served as a BofA director since 1994. She most recently chairede the board’s asset-quality committee. The resignations continue a recentf shake-up at the bank. Last week, four outsides directors were electedto BofA’s board.
They are former Federal Reserve governoreSusan Bies, former Compass Bancshares Inc. chier executive and chairman D. Paul Jones, former Federakl Deposit Insurance Corp. chairman Donalcd Powell and retired BankOne Corp. and Visa Internationapl Inc. executive William Boardman. On Thursday, the company disclosedr that a second BofA board member in less than a week had Robert Tillman, a former Lowe’s Cos. Inc. (NYSE:LOW) chiefc executive, resigned from the BofA board effectiveMay 29. A filingg late Thursday with the SECsaid Tillman’z resignation was not related to a disagreemenr with the bank or its management. Tillmahn has been a director since 2005.
During his he served on the asset-qualityg committee and executive committee. And on May 29, the bank announcecd former lead independentdirector O. Templs Sloan had left the board. BofA didn’yt disclose Sloan’s reason for resignation. Sloaj had been a BofA director for13 BofA’s board has been under intense scrutiny in recentg months as the bank suffered througu a sharp stock-price decline after acquiring Merrill Lynch & Co. The Charlotte-basecd bank (NYSE:BAC) also has received $45 billion in taxpayeer aid. Also on Thursday, the bank announced chief risk officefr Amy Woods Brinkleywas leaving. BofA said in a news releas e that Brinkley will retirethis summer.
Thereafter, she will servde on the bank’s charitable board on a volunteer basis. However, in a separate filinfg with the SEC, the bank says Brinkley will resignbJune 30. Brinkley will be succeeded by Gregory Curl, effectivew June 30. He will be responsibled for identifying credit, market and operational risks. At the bank’s annual meeting in late April, shareholders votex to strip Lewis of his positioh asboard chairman. Walter Massey was installed as the new chairmam and has indicated the board needws tobe re-evaluated. Lewis remain s the bank’s CEO and president.
Bank of America is the second-largest bank in the four-countg Sacramento region, based on deposits, accordinb to the Federal DepositInsurancd Corp.