BofA hiring 5,000 to meet refi demand

First-quarter profits beat all of 2008

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Bank of America is hiring 5,000 employees to handle rising demand for mortgage refinancings, the company said today in announcing a $4.2 billion first quarter profit.

That’s up from $1.2 billion the same quarter a year ago, and more than the Charlotte, N.C.-based bank made in all of 2008.