Bank of America Illinois, Chicago, has named Timothy J. Pepowski and Thurman Smith 2d as senior vice presidents.

Mr. Pepowski will hold the title in the bank's environmental services unit. He will report to senior vice president Paul R. Frey, head of the environmental services unit in commercial banking. Mr. Pepowski joined Continental Bank in 1983. BankAmerica Corp. bought it in 1994 and renamed it Bank of America Illinois.

Mr. Smith will be a senior vice president in the bank's credit risk management division. He was manager of a real estate speciality unit in Los Angeles and director of commercial credit basic training in San Francisco. He joined Bank of America in 1990.

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