The new additions are just the latest makeover for the bank's board. In May 2009, under pressure from the U.S. government, Bank of America announced plans to add more directors with financial expertise and banking experience as the bank struggled with its Merrill Lynch acquisition and faced a capital shortfall. In the next few months, the bank named six new directors, while other board members stepped down. If Powell departs, only three of the six directors added in the latter half of 2009 will remain. Rossotti and Colbert are former Merrill directors.