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Bank of America Names Maria Serravalle as Community Relations Manager

1. Maria Serravalle appointed as Community Relations Manager for Detroit. 2. Focus on supporting affordable lending and community investment. 3. Serravalle promotes financial literacy and economic mobility initiatives. 4. Her experience may enhance BAC's reputation and community engagement. 5. The change in management highlights BAC's commitment to local markets.

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Why Bullish?

Serravalle's leadership in community engagement could boost BAC's standing in Detroit, enhancing customer loyalty. Historical instances show that local leadership often correlates with improved brand recognition and market share, particularly in underrepresented areas.

How important is it?

The appointment of a community-focused leader aligns with BAC's strategy of enhancing local impact, which could improve profitability and customer retention in the long run.

Why Long Term?

Serravalle’s initiatives around financial literacy may take time to reflect in BAC's financials but build lasting relationships. Similar past efforts have shown that investment in community leaders leads to sustainable growth.

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, /PRNewswire/ -- Detroit native Maria Serravalle has been named Bank of America's Community Relations Manager for the Detroit market.As Community Relations Manager, Serravalle will lead efforts to strengthen the bank's impact across clients, colleagues, and communities. She succeeds Dwanette Williams, who has taken on a new role with Bank of America's Employee Banking & Investments team. Maria Serravalle "Maria brings not only deep experience, but also a genuine passion for helping people in the City of Detroit and the entire Metro Detroit community thrive," said Star Crawford, Senior Vice President and Market Executive, Bank of America Detroit. "We are grateful for her dedication and excited to see the positive impacts she will continue to make on our clients, teammates, and in our communities." Serravalle has been with Bank of America since 2008, holding several leadership positions that advanced affordable lending, financial education, and community investment — with a focus on advancing economic mobility in low-to-moderate income communities. For the past 10 years, Maria has helped educate the community about financial literacy and sustainable home ownership through the Bank's Community Homeownership Commitment programs.In Detroit, she has been a visible leader through volunteer service, including vice president of the board at Habitat for Humanity Detroit and advisor to the Hispanic/Latino Organization for Leadership & Advancement (HOLA). Serravalle has also served as a board member for Sowing Empowerment & Economic Development, Inc., and as the Better Money Habits Champion Lead for Detroit. Serravalle is a Cass Technical High School graduate, who grew up in Southwest Detroit.She graduated from Alma College with a degree in accounting. Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. Reporters may contactMatt Myftiu, Marx Layne & CompanyPhone: 1.248.855.6777[email protected]Naomi R. Patton, Bank of AmericaPhone: 1.646.855.4266[email protected]SOURCE Bank of America Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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