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BofA Names Paul Keifer President of Grand Rapids

1. Paul Keifer appointed president of Bank of America Grand Rapids. 2. He aims to enhance market share and client relationships. 3. Keifer's leadership aligns with Bank of America's $15 billion community initiative. 4. Brian Moynihan praises Keifer's role in responsible growth. 5. Keifer has a history of leadership in multiple banking sectors.

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FAQ

Why Bullish?

The appointment allows for strategic growth, potentially increasing customer engagement and revenue, similar to past successful leadership changes at BAC.

How important is it?

Leadership changes can significantly impact organizational strategy and client satisfaction, likely influencing BAC's market position.

Why Long Term?

Keifer's initiatives focus on sustainable growth in client relationships, expected to yield benefits over years.

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Corporate Social Responsibility Operations and Strategic Partnerships executive will also oversee the bank's efforts to grow market share, /PRNewswire/ -- Bank of America has named Paul Keifer, Corporate Social Responsibility Operations and Strategic Partnerships senior manager, president of Bank of America Grand Rapids. He succeeds Renee Tabben, who successfully led the market since 2016 and will continue as Merrill market executive. Paul Keifer As president and head of the market, Paul will connect clients, teammates and communities to the full power of the franchise and drive integration across our eight lines of business. He will oversee our efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen our client relationships. He has been a central member of the local leadership team as its market integration executive focused on bringing businesses together. He will continue in this role until a new market integration executive is named. "Throughout his career with Bank of America, Paul has established deep relationships with teammates, clients and the community to deliver responsible growth," said Brian Moynihan, Bank of America chairman and chief executive officer. "Paul is well positioned to build on Renee's work and continue to grow our presence in West Michigan, as we deliver the full breadth of Bank of America's capabilities to help our local clients improve their financial lives." In addition to his role as president, Paul leads the Operations and Strategic Partnerships team focused on delivering on the company's five-year, $15 billion Community Homeownership Commitment through grants, community revitalization programs, and affordable mortgage loans and small business lending nationwide.Paul joined Bank of America in Detroit in 2010 and has held progressive leadership roles throughout the region in Consumer Banking, Wealth Management, Digital Banking, and Mortgage Lending, focusing on empowering teammates to better serve clients and communities.A native Michigander, he is an active member of the Grand Rapids community. He serves on the board of directors of Habitat for Humanity of Kent County and the American Youth Soccer Organization and is the chair of the Northeast Board of Governors for the National Association of Hispanic Real Estate Professionals. In 2023, he was named to the Crain's Grand Rapids 40 Under 40 Business Leaders in West Michigan.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 approximately 69 million consumer and small business clients with approximately 3,700 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 is listed on the New York Stock Exchange (NYSE: BAC).Reporters may contact: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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