Bank of America has named external affairs executive Lawrence (Larry) Di Rita as its market president for Greater Washington, D.C. Di Rita succeeds longtime market president, Jeff Wood, who has taken a new role as private wealth management mountain west regional managing director, based in Los Angeles.
As market president, Di Rita will be responsible for connecting the banking and investment resources offered through the company’s eight lines of business to companies, families and individuals throughout Greater D.C. He will also lead the effort to deploy Bank of America’s resources to address local social and economic concerns and build strong communities. Di Rita continues his leadership of the external affairs team for Bank of America.
“For many years, Jeff has helped us deliver responsible growth by serving our clients and ensuring we are a great partner in one of our most mature key markets. Larry and his team will build on that great work as we’re investing in our network in D.C. and across the country,” said Brian Moynihan, chief executive officer, Bank of America.
Di Rita is a resident of Washington, D.C. and has lived and worked in the area for most of his professional life. He joined Bank of America in 2006 after a career in public service, including on Capitol Hill and in the Department of Defense in military and civilian assignments. He is a director of the Rumsfeld Foundation and of the U.S. Navy Memorial, and is on the board of advisors for the Center for a New American Security (CNAS). He previously was a director of the DC-College Access Program.
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 4,400 retail financial centers, including approximately 1,800 lending centers, 2,200 financial centers with a Consumer Investment Financial Solutions Advisor, and 1,500 business centers; approximately 16,400 ATMs; and award-winning digital banking with more than 37 million active users, including over 27 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 approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Reporters may contact:
Andy Aldridge, Bank of America