It's not all bad for Bank of America

Bank of America might be the most battered entity in Corporate America these days. Job cuts in the tens of thousands and announced new fees will do that to a bank with an already shaky recession-era image.

The perception, actually, is so bad that Coffee Talk recently heard a local BofA employee took off his name badge at a networking event. Anything to avoid a connection to the company.

Still, the Sarasota Yacht Club is one business that would be first in the Bank of America praise line. The venerable club recently refinanced its loan on a $12.5 million construction project, and it chose Bank of America for the deal. The refinanced loan with BofA will save the club at least $1.6 million in interest over the next five years.