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Monday, August 18, 2014

BofA's Montag becomes sole COO as co-COO relocates - Bloomberg, (NYSE: BAC)

Thomas Montag will become Bank of America Corp's sole chief operating officer as co-COO David Darnell takes a new title after asking to relocate to Florida, Bloomberg reported. Darnell will serve as vice chairman and continue to oversee global wealth and investment management and business banking, Chief Executive Brian Moynihan wrote in a memo to employees, the report said. ( will continue to head the investment banking and capital markets businesses, the Bloomberg report said.Bank of America could not be immediately reached for comment outside regular U.S. business hours.

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 1.51% or $0.23/share to $15.45. In the past year, the shares have traded as low as $13.60 and as high as $18.03. On average, 63101400 shares of BAC exchange hands on a given day and today's volume is recorded at 54968624.