Police, protesters ready for BofA meeting

Credit: Getty Images

CHARLOTTE, NC - MAY 9: An activist shouts while protesting outside of the annual Bank of America Corp. shareholders meeting on May 9, 2012 in Charlotte, North Carolina. Protesters from several movements including the 99 Percent Power movement converged on the annual shareholders meeting to protest a range of issues and actions. (Photo by John W. Adkisson/Getty Images)


by BEN THOMPSON / NBC Charlotte Staff

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Posted on May 8, 2013 at 6:06 AM

Updated Wednesday, May 8 at 6:20 AM

CHARLOTTE, NC – Police officers and protesters spent Tuesday preparing for Bank of America’s annual shareholder meeting on Wednesday. 

CMPD officers installed dozens of barriers around the perimeter of the bank’s headquarters in uptown Charlotte.  

The Charlotte city manager declared the meeting an “extraordinary event” which prevents protesters from carrying certain objects, and gives police officers more power search people on the sidewalks in uptown.  

Several groups staged early protests Tuesday.   Rainforest Action Network, a San Francisco-based group, hosted a sidewalk press conference criticizing the bank for financing coal companies, and therefore contributing to pollution.  

“If they pull out of the financing of the coal industry in the worst of the worst kind of coal production, then the coal companies will forced to reduce size and operation,” said Rev. Nancy Ellett Allison, of Holy Covenant United Church of Christ in University City.
A block down the street, at the intersection of Trade and Tryon, NEDAP, a New York-based advocacy group, read the names of 500 borrowers it claims were foreclosed upon by Bank of America in April.

“They're not doing a good job to put it bluntly.  They're making a real mess of mortgage servicing,” said Josh Zinner, Co-director of NEDAP.

Organizers expect more substantial protests Wednesday during the shareholder meeting.