Bank of America Names Tracy Grooms as Student Lending Executive

CHARLOTTE, N.C., March 30 /PRNewswire/ -- Bank of America today announced the appointment of Tracy Grooms as Student Lending Executive.

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"Tracy Grooms is an exceptional choice to lead our growing Student Lending business nationwide," said Susan Faulkner, Consumer Sales and Service Executive. "I am confident that as an experienced leader, she will be an effective champion in continuing our commitment to helping students finance their college education as well as deepening our customer relationships."

In addition to her appointment, Grooms will represent Bank of America in key initiatives including student loan industry boards as well as Federal Government groups.

Grooms joined Bank of America in 1983 as a Financial Analyst in the Control Division. For nearly 18 years, she held a variety of positions in the Finance Group including planning and financial reporting as well as leading efforts to revise and develop the Banking Center staffing model. In 2002, she joined Business Banking and has lead several Quality & Productivity initiatives. Additionally she is a certified Six Sigma Black Belt.

A graduate of the University of South Carolina, Grooms has a degree in Accounting and holds an MBA from the McColl School at Queens University in Charlotte. A resident of Charlotte, she is very active in the community. In 2005, Grooms led the Bank of America United Way campaign for the Charlotte market as well as the Bank of America Susan G. Komen race team.

Bank of America has provided education financing solutions for students and families for more than 35 years and offers a suite of deposit and credit products designed specifically for students.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 38 million consumer and small business relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 14 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock is listed on the New York Stock Exchange. Member FDIC.