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The company was sold to Bank of America in 2008. The vision, mission, and values statements guide the behaviors of people in the organization. What are mission and vision statements? A mission statement defines the organization's business, its objectives, and how it will reach these objectives. A mission statement is a concise explanation of the organization's reason for existence. It describes the organization's purpose and its overall intention. The Mission statements define your organization's purpose and its primary objectives. They are set in the present tense, and explain why you exist as a business,The vision statement focuses on tomorrow and what the organization wants to become. The mission statement focuses on today and what the organization does. While
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