Bank of America has named Bill Tebbe as market president for the Monterey Bay market, which includes Monterey, Santa Cruz, Salinas, Hollister and Carmel. He succeeds veteran Market President Dee Dee Smallwood, who continues to serve on the Monterey Bay leadership team and as Small Business Banking manager for the region. As market president, Tebbe will be responsible for connecting the banking and investment resources offered through the company’s eight lines of business to companies, families and individuals in the region. He will also lead the effort to deploy Bank of America’s resources to address local social and economic concerns and build strong communities.
With nearly 40 years of commercial and agribusiness banking experience in the Central Valley and Salinas, Tebbe joined Bank of America in 2015. He will continue in his current role as Business Banking relationship manager for the Central Valley South market, where he delivers strategic financial advice and solutions to help companies with annual revenues of $5 million to $50 million grow, improve cash flow and invest for the future.
“Dee Dee has helped us deliver responsible growth by serving our clients and ensuring we are a great partner in the Monterey Bay region. I thank her for her 12 years of leadership and look forward to Bill taking on this important work,” said Brian Moynihan, chief executive officer, Bank of America.
An active member in the community, Tebbe volunteers with several nonprofits focused on youth and the community’s health; currently serves as a board member of The Door to Hope and the Silicon Valley Monterey Bay Boy Scouts; and is past board chair of the Hospice Giving Foundation. He has also served as board chair of the Salinas Valley Chamber of Commerce, board chair of the United Way of Monterey County, president of the Salinas Rotary Club, trustee for the National Steinbeck Museum, and a member of other committees within the community.
Born in Clovis, California, he graduated with a Bachelor of Science degree from Cal Poly San Luis Obispo and completed a three-year study program at the Stonier Graduate School of Banking at the University of Delaware. He and his wife, Annette live in Salinas and have two grown children, Daniel and Jill.
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 2,800 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and 2,000 business centers; approximately 16,800 ATMs; and award-winning digital banking with approximately 38 million active users, including approximately 29 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:
Colleen Haggerty, Bank of America