Belk College graduate named CFO of Bank of America

Joe Price, a 1983 graduate of the Belk College of Business and a member of the college’s Business Advisory Council, has been named chief financial officer of Bank of America, effective January 1, 2007.

“Joe Price is a strong and experienced leader, and a straightforward communicator,”commented Ken Lewis, chairman and CEO of Bank of America. “He knows our business extremely well, having served in business leadership, finance and risk management roles across many of our businesses. Joe will continue our efforts to help investors better understand our financial performance, and I am excited for Joe and for our company that he will be contributing to our success in the role of chief financial officer.”

Price currently is the risk management executive for Global Corporate & Investment Banking at Bank of America. Price joinedBank of America in 1993 after serving on the bank’s engagement team at PriceWaterhouse. While at PriceWaterhouse, he was a member of the Financial Institutions National Industry Group specializing in banking and acquisitions and derivatives.

Shortly after joining the company, Price was named the Corporate Risk Evaluation executive and general auditor of Bank of America. He then was named president of Bank of America’s Consumer Finance Group.

Price earneda bachelor of science degree in accounting at UNC Charlotte. In addition to serving on the Belk College’s advisory council, he alsoserves on the Habitat for Humanity of Charlotte board of directors.

“We’re incredibly proud of Joe,” said Belk College Dean Claude Lilly. “It is always gratifying to see an alumnus of the Belk College attain a prestigious position with an outstanding international corporation like Bank of America. I’m sure Joe will be an inspiration to our students.”