Updated to included comment from Bank of America spokesman.

NEW YORK (

TheStreet

) --

Bank of America

(BAC) - Get Bank of America Corp Report

executive was captured on video telling Texas governor and Presidential candidate Rick Perry "I'm from Bank of America and we will help you out."

As

zerohedge

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points out , the executive is James Mahoney, the bank's director of public policy.

Perry, who entered the Presidential race just a few days ago, is reputed to be the most formidable fundraiser in the race.

"Bank of America does not endorse Presidential candidates," a spokesman wrote in response to questions from

TheStreet

. "The reference was about following up on the substance of the speech about job creation and economic growth. Discussing policy issues that affect our company and our customers is something we do with policymakers of both parties routinely at the local, state, and Federal levels."

--

Written by Dan Freed in New York

.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.