Bank of America has been named one of the "Ten Top Companies for Minority MBAs" by Minority MBA magazine for the second consecutive year. The bank was specifically recognized for its Corporate Diversity Council, Supplier Diversity & Development Group and recruiting efforts.

"We are honored once again to be among the top companies for Minority MBAs," said Keith Shultz, corporate diversity executive at Bank of America. "Attracting and retaining associates who can help shape our company in positive ways is vital to our future success. Also, respecting and leveraging different perspectives and backgrounds helps us build a more effective and lasting company."

Minority MBA magazine evaluated companies in a variety of areas including ethnic diversity of the workforce and boards of directors, programs to recruit and advance minorities in management positions and diversity initiatives. In the article about the "Ten Top Companies for Minority MBAs," the magazine says the companies chosen are "firms whose commitment goes to diversity goes the extra mile" and "are prime examples of workplaces that successfully are creating a welcoming environment for their diverse employees and developing aggressive programs for hiring and promoting minorities."

Bank of America is committed to diversity and being an ethnically and culturally diverse employer. The bank has an Executive Diversity Advisory Council that sets the direction and guides the implementation for diversity and inclusion at Bank of America. Also, the bank has an Office of Corporate Diversity, diversity business councils, diversity networks, and minority and women representation on the bank's Operating Committee and board of directors. In addition, each member of the Policy Committee is required to continue to develop specific goals and actions to increase diversity in their businesses. A significant number of leaders have performance reviews and criteria for bonuses that include formal consideration of progress towards diversity goals for hiring, promotion and retention of minorities.

Bank of America, with $672 billion in assets, is the largest bank in the United States. It has full-service operations in 21 states and the District of Columbia and provides financial products and services to consumers and businesses, as well as international corporate financial services for business transactions in 190 countries. The company's stock (ticker: BAC) is listed on the New York, Pacific, and London stock exchanges, and certain shares are listed on the Tokyo Stock Exchange.

Bank of America Corporation

Bank of America Corporation

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