William Hatfield to retire as Market President after 40 years with the company
Bank of America has named Kevin Tracy as President of Bank of Rhode Island. Tracy succeeds Bill Hatfield, who has served as Rhode Island market president since 2004 and market executive for Bank of America Private Bank in Rhode Island, announced his retirement last month.
During his time as president in Rhode Island, Hatfield has been a critical leader in the community focused on leading and delivering for our employees and clients, while acting as a champion for the company’s responsible growth strategy. He has served as Chairman of the Board of Trustees for the Greater Providence Chamber of Commerce and a member (and former Chairman) of its Board of Directors. Hatfield has been a member of the Rhode Island Commodores Board of Governors and served as the founding Board Chairman for Skills for RI’s Future.
“During Bill’s 40 distinguished years at our company, he has made a lasting impact on the Rhode Island community and our company,” said Brian Moynihan, chief executive officer, Bank of America. “We thank him for his leadership and look forward to continued growth and success with Kevin taking on this critical role.”
As Rhode Island president, Tracy will be responsible for connecting the banking and investment resources offered through our eight lines of business to people and companies in Rhode Island. He will also lead the effort to deploy Bank of America's resources to address social and economic concerns and build strong communities.
Tracy holds more than 35 years of experience as a leader in the financial industry. Since joining Bank of America in 1985, Kevin held numerous client manager positions. He has served as in Business Banking Market Executive for Rhode Island since 2006, where he manages a team of bankers who provide a variety of solutions, including treasury, credit, investment banking, risk management, international and wealth management, to companies with annual revenues of $5 million to over $50 million.
Tracy is a graduate of Brown University where he serves as long time Treasurer and is a board member of the Brown University Alumni Club of Rhode Island. In addition, he served as chairman of the Northern Rhode Island Chamber of Commerce as well as past Chair of Junior Achievement of Rhode Island, where he has been an active volunteer for the past 10 years.
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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,700 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,400 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 40 million active users, including approximately 31 million mobile 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 3 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 approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Reporters may contact:
Alliccia Hernandez, Bank of America