Bank of America has named David Cornell as Albany/Hudson Valley market president. Cornell succeeds Market President Jennifer L. MacPhee, who recently retired after nearly 20 years with Bank of America.
As market president, Cornell will be responsible for connecting the banking and investment resources offered through our eight lines of business to companies, families and individuals across the Capital and Hudson Valley Regions. He will also lead the effort to deploy Bank of America’s resources to address social concerns, strengthen economic opportunity, and build strong communities, as well as support the health, safety and engagement of local teammates.
With nearly 20 years of financial services experience, Cornell will continue in his role as market executive for the New York Capital – Central Region, leading eight Merrill Lynch offices throughout the Capital, Hudson Valley and Syracuse areas.
“During her 15-year tenure as market president and more than 19 distinguished years with our company, Jennifer built and nurtured valuable relationships with influencers and clients that made a lasting imprint throughout the market,” said Brian Moynihan, chief executive officer, Bank of America. “I thank her for her leadership and look forward to David continuing this important work.”
A native of Saratoga Springs, N.Y., Cornell remains an active member in the community and volunteers with several community partners. He has served on many boards and organizations and is a strong advocate for economic mobility and children in need.
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 3,000 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 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:
Carla Molina, Bank of America