Bank of America today announced that Raju Patel has been appointed market president, serving as the company’s enterprise leader in Denver.
As market president for Denver, Patel will work throughout the region to connect businesses, families and individuals to Bank of America’s banking, lending and investment teams. He will also lead the effort to direct the bank’s resources in the market to address local priorities and help build strong communities, including investments in environmental, social and governance (ESG) programs that help foster economic mobility in the community.
“Raju is an experienced leader who will lead a team committed to making the financial lives of our clients better, through the power of every connection we can help them make,” said Brian Moynihan, chief executive officer, Bank of America.
In addition to his market president role, Patel was recently named Bank of America Merrill Lynch Global Commercial Banking (GCB) market executive for Colorado. Prior to this, he was the GCB market executive for Indiana and Ohio with broad experience delivering commercial credit and treasury management solutions, international banking, investment banking and retirement products to clients from a wide array of industries.
Patel joined the bank in 1985, and has held roles in strategic planning, finance, credit products, and relationship management throughout the Midwest. He has worked with corporate clients for more than 25 years.
He earned a Bachelor of Arts degree in economics from the University of Illinois and a master’s degree in business administration from DePaul University. He also holds Series 7, 24 and 63 securities licenses and is a FINRA-registered principal.
Bank of America has been serving the needs of customers and clients in Colorado since the 1920s and today has relationships with more than 230,000 households in Denver. The company opened its first Colorado retail financial centers in 2015 in Denver’s Cherry Creek neighborhood.
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 67 million consumer and small business clients with approximately 4,400 retail financial centers, approximately 16,100 ATMs, and award-winning digital banking with more than 36 million active users, including nearly 26 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 owners 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.
Reporters may contact:
Britney Sheehan, Bank of America