Bruce Hammonds

Overview

Bruce Hammonds, 60, is president of Bank of America Card Services. He is a member of the bank"s Management Team, Asset Quality and Credit Risk Committees. In his current role, Hammonds runs the largest credit card portfolio in the United States with more than 40 million active customers. He is also responsible for the company"s unsecured lending and international card businesses. In total, he oversees more than $200 billion in managed loans with an emphasis on customers, products, new marketing channels and opportunities for global expansion. Hammonds joined the company in January 2006 after serving as president and Chief Executive Officer of the MBNA Corporation. Hammonds was a founding member of the management team that established MBNA in 1982 and has over 35 years of management experience in consumer lending. Also involved in civic affairs, Hammonds is a director of the Delaware Business Roundtable, where he serves as chairman of the Roundtable"s Education Committee. Additionally, he is a member of the Board of Trustees for Goldey-Beacom College in Wilmington, Delaware. Hammonds is a member of the Advisory Council to the President of the University of Baltimore. Formerly, he was a director of the Financial Services Roundtable and served on the Federal Reserve Board"s Advisory Council. He is a graduate of the University of Baltimore with a B.S. in Business. On May 28, 2008, Bank of America Corporation announced a new consumer banking management structure, effective on or after July 1, 2008. Bruce Hammonds, who has been President, Card Services, will become President, Credit Card and Unsecured Lending.