Press Release August 08, 2005

Agnes Bundy Scanlan Joins Goodwin Procter LLP in Boston

BOSTON, August 8, 2005 — Goodwin Procter LLP, a leading national law firm with offices in Boston, New York, New Jersey and Washington, DC, today announced the addition of Agnes Bundy Scanlan to the firm’s Financial Services Practice.  Bundy Scanlan joins the firm as counsel in its Boston office.

Bundy Scanlan focuses her practice on advising clients on a broad range of consumer regulatory issues, with an emphasis on compliance management, privacy and the Community Reinvestment Act.   She has been responsible for the creation, development and execution of numerous compliance programs for some of the country’s largest financial institutions.

Prior to joining Goodwin Procter, Bundy Scanlan served as the regulatory relations executive for Bank of America, where she managed the financial institution’s primary relationships with its global government regulators, and ensured that all corporate-wide regulatory examinations, communications and operational strategies were appropriately tailored, integrated and delivered to internal and external audiences.  Bundy Scanlan joined Bank of America in 2004 during its merger with FleetBoston Financial, where she had served as managing director and chief compliance officer/chief privacy officer since 2002. She was responsible for managing a world class regulatory compliance program for what was then the 7th largest financial institution in the United States.

Bundy Scanlan joined Fleet in 1994 as senior vice president and became the bank’s first director of corporate community development.   She was responsible for Fleet’s corporate-wide compliance with the Community Reinvestment Act of 1977.  In 1999, Bundy Scanlan was promoted as the bank’s first chief privacy officer and was responsible for developing and executing an enterprise-wide privacy compliance program to fulfill the sweeping consumer privacy demands of the landmark Gramm-Leach-Bliley Act.

Prior to joining Fleet, Bundy Scanlan served for more than four years as legal counsel to the U.S. Senate Budget Committee, where she analyzed and reviewed all Senate floor bills and amendments.   Bundy Scanlan earned her B.A. from Smith College (where she serves as a Trustee) and J.D. from Georgetown University Law Center.

In addition to its historically robust Financial Services Practice in Boston, Goodwin Procter has further enhanced the expertise and geographic reach of this practice by adding several key partners over the past 18 months, including Melanie Fein and Satish Kini in Washington, DC, as well as Robin J.H. Maxwell and Victoria Schonfeld in New York.  The firm has plans to continue to aggressively expand the Financial Services Practice so that it may continue to provide the broad spectrum of skills required by national and international institutions in the modern financial services marketplace.

Goodwin Procter offers its clients an interdisciplinary approach to the delivery of legal services within the financial services industry, providing expertise across a broad range of financial products and services, including retail and institutional banking, derivatives, mutual funds, brokerage and investment management, hedge funds, funds that invest in real estate and real estate securities, and funds that invest in private equities, as well as other asset management products and services.