Rochester, NY 8/25/2009 9:43:12 PM
Bank of America Corporation; BAC, Statements from the Bank
Bank of America Corporation
The bank announced internally Monday better-known Charlotte investment bankers, one of Americas Corps. is leaving for a position at a Florida-based real estate and development company.
Tom Sittema, 50, after 27 years with Bank of America and predecessor companies decides departing. Most recently he had been head of the Charlotte office of the global real estate, gaming and lodging corporate and investment-banking group. Sittema had been with Bank of America's investment bank since its start in 1994, helping public and private real estate companies raise equity and debt and advising them on mergers. Starting later this fall, he will become chief executive of CNL Financial Group's real estate group. “The real estate investment bank has integrated extremely well,” Sittema said. The bank will continue to have a real estate investment banking team in Charlotte, he said. Sittema plans to eventually relocate to Florida.
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