Bank of America named Business Banking Market Manager and Senior Vice President Colleen Matteson as Rochester market president. Jeff Adams is stepping down from the role to relocate for a new leadership opportunity as the Merrill Lynch Wealth Management market executive for the Maryland market.
As market president, Matteson will be responsible for connecting Bank of America banking and Merrill Lynch investment resources offered through our eight lines of business to companies, families and individuals in the Rochester market. She will also lead the effort to deploy Bank of America’s resources to address social and economic concerns and build strong communities.
“Jeff has helped us deliver responsible growth by serving our clients and ensuring we are a great partner in Rochester. I thank him for his leadership and look forward to Colleen taking on this important work,” said Brian Moynihan, chief executive officer, Bank of America.
In her role as Business Banking market manager in upstate New York, which includes Buffalo, Rochester, Syracuse, Albany and the Hudson Valley, Matteson is responsible for leading a team of relationship managers focused on delivering strategic financial advice and solutions to help companies grow, improve liquidity and cash flow; managing U.S. and international payments; and investing for the future. Matteson joined the company in 2012 and served as the Small Business Banking market manager before joining the Business Banking team.
Matteson serves as president of the board of directors for Dress for Success Rochester and volunteers with organizations focused on ending hunger and homelessness. She resides in Victor, N.Y., with her husband and son.
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 1,800 lending centers, 2,200 Merrill Edge investment centers and 1,500 business centers; approximately 16,300 ATMs; and award-winning digital banking with more than 36 million active users, including over 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.
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