In a reversal, Bank of America Corp. replaced Andrew Gissinger III, the former No. 3 executive at Countrywide Financial Corp. with a longtime executive of the Charlotte, N.C., bank.
The move reinforced Bank of America's reliance on a cadre of insiders to lead the integration of the mortgage lender, which was acquired in July for $2.5 billion.
Mr. Gissinger had been put in charge by Bank of America of several groups responsible for selling mortgages to consumers. While at Countrywide, the former San Diego Chargers offensive tackle urged the lender's employees to take a loyalty pledge and wear "Protect Our House" wristbands.
Meanwhile, three other former Countrywide executives left the combined mortgage operation Monday, including Brian Hale, who had led the consumer-markets division at the Calabasas lender.
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