SAN DIEGO, CA – Bank of America has named Mark Kremers president of Bank of America San Diego. As president and head of the market, Kremers 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 Rick Bregman, who successfully led the market for 16 years and retired in December after 34 years with the company.

“Rick had a tremendous impact over the last 34 years with our company, delivering the full breadth of Bank of America to our San Diego clients and community and growing market share. We thank him for his leadership and look forward to continued growth and success with Mark becoming the next San Diego president,” said Brian Moynihan, Bank of America chairman and chief executive officer. “Mark is well positioned to help our San Diego clients improve their financial lives and deliver responsible growth.”

Kremers joined the company in 2015 and has held numerous leadership roles within Merrill Wealth Management. A 30-year veteran in finance, he is currently the Merrill market executive for San Diego and the Inland Empire, where he leads a team of more than 300 advisors and associates who manage $38 billion in assets. He will continue in his Merrill role while serving as San Diego president. Kremers worked alongside Bregman over the past decade, serving as a key member of the local leadership team.

Born and raised in San Diego, Kremers is actively engaged in the local community, serving on the board of directors of Jacobs & Cushman San Diego Food Bank. He is also actively engaged with the company’s various employee networks.

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 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).

Reporters may contact:

Colleen Haggerty, Bank of America
Phone: 1.213.621.7414
colleen.haggerty@bofa.com