Hugh McColl Progress Quotations

We are pleased with our continued progress in meeting strategic goals and continue to see good customer flows across many business lines, ... It is clear, however, that the increasingly weak economic environment is making it difficult for our efforts to show up on the bottom line." ()

Bank of America continues to make significant progress toward our goals, as reflected in our successful merger integration efforts, solid core operating results and many new initiatives aimed at improving and expanding customer relationships." ()

To date, despite our many successes in individual businesses, we have not made the degree of progress we would like toward realizing that potential, ... We've assembled the right parts, but after years of additions, our resulting structure is neither as efficient nor as effective as it needs to be." ()