SOURCE: Town Hall Los Angeles

June 25, 2008 14:53 ET

Bank of America CEO Kenneth Lewis to Address Mortgage Markets

LOS ANGELES, CA--(Marketwire - June 25, 2008) - Kenneth D. Lewis, Chief Executive Officer, Chairman and President of Bank of America, will deliver his address "Mending Our Mortgage Markets" at TOWN HALL Los Angeles on Wednesday, July 9, at the Omni Los Angeles Hotel.

On the current housing crisis, Lewis states, "Excesses in financial markets are not new. But when an economic bubble bursts that is based on the one asset that represents much of a family's life savings -- in short, their home -- the fallout for families and neighborhoods can be devastating."

Lewis was appointed Chief Executive Officer in 2001. He joined North Carolina National Bank (NCNB, predecessor to NationsBank and Bank of America) in 1969 as a credit analyst. He led the bank's operations in Florida and Texas in the 1980s and served as President of Consumer and Commercial Banking and Chief Operating Officer in the 1990s.

Bank of America serves more than 59 million consumers and business clients through more than 6,100 retail banking offices, 19,000 ATMs and an online banking and bill-pay service with more than 24 million active users.

Throughout its history, TOWN HALL has hosted speakers on the topics of finance and the economy. This year, TOWN HALL welcomed California State Treasurer Bill Lockyer and CEOs Anne Mulcahy of Xerox and Scott Davis, UPS. This marks Lewis' third appearance at TOWN HALL Los Angeles. His last address was "Beyond the Bottom Line: Business on the Cutting Edge," and took place last June.

TOWN HALL Los Angeles is a nonprofit, nonpartisan membership organization comprised of leaders and engaged citizens dedicated to examining important issues facing our society. TOWN HALL's events, on-air programs, and written communications bring leaders and visionaries together to discuss and interact with our community while educating, generating solutions, and positively affecting our region for generations. To become a part of this tradition, join TOWN HALL.

All accredited members of the media are invited to cover this event.

**Please credit TOWN HALL Los Angeles in your coverage.

When:     Wednesday, July 9, 2008
          Noon luncheon program with Q&A

Where:    Omni Los Angeles Hotel
          251 South Olive Street
          Los Angeles, CA 90071

Note to reporters and editors: The organization uses the full name TOWN HALL Los Angeles. Please do not make it generic as in a 'town hall.'

For more information, visit www.townhall-la.org, Cost: $45 - $60.

Contact Information

  • Contact:
    Deborah Weinberg
    Director, Media Relations
    213.312.9307
    Email Contact