Ken Sheldon to
focus on Global Commercial Banking
MANCHESTER, N.H., Jan. 7, 2025
/PRNewswire/ -- Bank of America has named Matt Reilly
president of Bank of America New
Hampshire. As president and head of the market, Reilly will
connect clients, teammates and communities to the full power of the
franchise and drive integration across the bank's eight lines of
business. He succeeds Ken Sheldon,
who successfully led the market for nearly 14 years and will
continue as Global Commercial Banking senior relationship
manager.
Reilly will also oversee the bank's efforts to grow market share
and deploy the company's resources to help advance economic
mobility and build strong communities.
"Ken has had a tremendous impact over the last 14 years
delivering the full breadth of Bank of America to our New Hampshire clients and community, and
growing market share. We thank him for his leadership and look
forward to continued growth and success with Matt becoming the next
New Hampshire
president," said Brian
Moynihan, Bank of America chairman and chief
executive officer. "Matt is well positioned to help our
New Hampshire clients improve
their financial lives and deliver responsible growth."
Reilly joined the company in 2014 and has more than 20 years of
leadership experience across multiple industries. He will continue
to serve as Consumer Banking Market Leader where he oversees the
operations, performance and growth of financial centers across the
region. Reilly has worked alongside Sheldon serving as a key member
of the local leadership team.
During Sheldon's tenure as president, he oversaw more than
$8 million in philanthropic support
to local nonprofits, including a $500,000 anchor grant to spearhead the new Nashua
Center for the Arts and Bank of America Theater. He has served on
the boards of numerous organizations and remains committed to board
and volunteer involvement to support the local economy and
community.
Actively engaged in his local community, Reilly serves on the
board of directors of Boys & Girls Club of Manchester.
Bank of America
Bank 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 58 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).
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 contact:
John Yiannacopoulos, Bank of
America
Phone: 1.646.855.2314
john.yiannacopoulos@bofa.com
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SOURCE Bank of America Corporation
