Bank of America's Brand – Shelter in the Storm

Worried consumers are looking for a safe haven for their deposits  and Bank of America is clearly benefiting from the flight to safety. Troubles at IndyMac Bank, Washington Mutual, Wachovia and others helped Bank of America to increase it's consumer base.

HarperMees & Associates met with Harold Michaud, Area Manager & Senior V.P. for Bank of America, yesterday at the Keller Williams Realty offices in Danville, CA. Keller Williams Realty in Danville & Walnut Creek recently chose Bank of America to to be their "in-house lender." Businesses are also looking for safety & stabiity.

I asked Harold Michaud what was the foremost message he would like to get out to worried consumers – "Bank of America is Funding Loans."

Bank of America has the largest underwriting base in the United States and Harold Michaud wants consumers to know that B of A's doors are open to consumers looking for shelter from the storm.

• Washington Mutual (WaMU) announced yesterday that it will be laying off 1600 employees in Pleasanton (1200) & San Francisco.
• About 40 percent of Bay Area companies intend to chop jobs during the coming six months, according to a new survey of local executives released Thursday.

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Contact Paul for more information on how foreclosures are impacting East Bay home prices (925) 963-4246