NEW YORK - Bank of America Corp. has promoted Milton H. Jones Jr. from operate group executive to mid-South banking executive.

He succeeds James R. Lientz Jr., who plans to retire. Bank of America also named Michael Dulan, a 26-year veteran of the Atlanta banking company, president of community development banking.

Mr. Lientz, 56, announced Monday that he would retire; he has been in the financial services industry for 34 years.

Mr. Jones, 47, will oversee consumer and commercial banking for Georgia and Tennessee. He is one of 10 regional executives to report to the newly promoted president of consumer and commercial banking, Gene Taylor. Mr. Jones will start his new position Aug.1.

Mr. Jones will remain in Atlanta rather than move to Charlotte, N.C., where Mr. Lientz was based. Mr. Jones started at Bank of America in 1977. As operate group executive he was responsible for technology, transaction services, and consumer and commercial operations.

Mr. Dulan, 48, will relocate to Charlotte. He will oversee the business units and national initiatives of the company's community development program , including its unprecedented commitment to provide $350 billion for community development lending and investment over the next 10 years.

He will report to Amy Woods Brinkley, president of consumer products. Mr. Jones and Mr. Dulan are among the highest-ranking African-Americans at the company.

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