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Bank of America to Announce Results of National $350 Billion Lending and Investment Commitment

WHAT: Bank of America Chairman Hugh McColl will hold a press conference to announce the first year results of a 10-year, $350 billion community development lending and investment commitment.

WHEN: Thursday, May 11, 2000 at 10:00 a.m.

WHERE: The National Press Club, 529 14th Street NW, Washington DC


Hugh McColl, chairman, Bank of America
Cathy Bessant, president, Bank of America Community Development Banking
Kweisi Mfume, president, NAACP
Tommy Espinoza, chairman, National Council of La Raza Hope Fund

Reporters who wish to listen to the press conference by phone should dial in at 9:45 a.m. The telephone number is 785.749.9360.

There will also be a video and audio Web cast of the press conference. To view and listen, visit

Bank of America's $350 billion Commitment
In 1998 Bank of America unveiled an unprecedented $350 billion, 10-year commitment to community development lending and investment. The comprehensive program includes specific lending and investment goals for affordable housing, small business, consumer lending and economic development.

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