Brian Moynihan the new Bank of America CEO starts at his new position January 15th. http://www.washingtonpost.com/wp-dyn/content/article/2009/12/16/AR2009121603894.html 

Until Moynihan gives direction regarding their network strategy the real estate team does not have the green light to pursue any new branch sites. They are not seriously looking at sites nor issuing Letters of Intent.  

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