Monday, April 23, 2007

Bank of America says won't breach US deposit cap

(Reuters) - On a conference call, Bank of America executives said they were confident the LaSalle purchase wouldn't put it through the 10 percent limit, and it has no plans to change its strategy toward adding retail deposits.

Separately, Bank of America Chief Executive Kenneth Lewis said Bank of America plans to rebrand LaSalle branches with its own name. "Bank of America will be the brand, as it is throughout the rest of America," Lewis said.


Read more at Reuters.com Government Filings News

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