Three Bank of America Directors Resign

CHARLOTTE, N.C. ( TheStreet) -- Three Bank of America ( BAC) directors have resigned, the firm disclosed Friday in an SEC filing.

The directors -- John T. Collins, William Barnet and Gary L. Countryman -- did not resign because of "disagreement with the Corporation or its management," the filing said.

Earlier Friday, the House of Representatives passed a bill that would limit executive compensation by empowering shareholders to vote on pay packages and ban directors with financial links to companies from sitting on compensation committees.

-- Written by Scott Eden in New York.

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