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Bank of America Expects No 'Meaningful' Cuts in Connecticut Jobs after Merger.
Knight Ridder/Tribune Business News, April, 2004
By Kenneth R. Gosselin, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Apr. 2--Bank of America's megamerger with FleetBoston Financial Corp. won't take a heavy toll on jobs in Connecticut, and the state will remain the headquarters of key commercial finance operations, a high-ranking Bank of America executive said Thursday.
"I don't see any meaningful reduction in the headcount," said R. Eugene Taylor, president of commercial lending at Bank of America.
He added: "I couldn't say that if I was in Boston ... or in Charlotte."
Taylor said job cuts are more likely in those cities -- the headquarters of the two merging banks -- because of duplication in administrative and back office employees. In Connecticut,...
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