#United States #Sarasota #Bank of America #Jeff Crabtree #Sarasota/Manatee

Jeff Crabtree Takes on New Role at Bank of America

In a significant leadership transition, Bank of America has announced the appointment of Jeff Crabtree as the new president of its Sarasota/Manatee region. This appointment comes as Crabtree takes over from Stephenie Whitfield, who has moved on to a new opportunity in Georgia. As the Consumer Banking region executive, Crabtree brings a wealth of experience to the role, having been a part of the Bank of America team for 15 years.

Crabtree’s primary aim in his new position will be to enhance the bank's market presence in Sarasota and Manatee. He intends to achieve this by fostering strong local connections and identifying new opportunities to strengthen and deepen relationships with clients. "Jeff's proven leadership skills and extensive experience position him well to deliver on our strategy of responsible growth," said Brian Moynihan, the CEO of Bank of America. "His focus will be to continue growing our market share in the Sarasota/Manatee area, providing comprehensive financial services that help our clients enhance their financial lives."

In addition to his new role, Crabtree will maintain his responsibilities as a Consumer Banking region executive, where he leads a team dedicated to delivering strategic solutions and growth in various areas of Florida. Throughout his career at Bank of America, he has held multiple positions in Consumer Banking and Merchant Services and has been instrumental within the Sarasota/Manatee leadership team.

Crabtree is also actively engaged in the community. He volunteers with the Boy Scouts of America and is committed to promoting teammate development through his leadership initiatives within various employee networks at Bank of America.

Market Overview and Community Engagement

As president, Crabtree steps into a vibrant banking environment in Sarasota/Manatee, where Bank of America operates with over 400 local employees across 31 locations. Since 2020, the bank has made substantial philanthropic contributions totaling $3.4 million, aimed at empowering community leadership and enhancing economic mobility within Sarasota and Manatee counties.

Bank of America has played a vital role in the local economy, extending $143 million in small-business loans and $246 million in commercial loans during the second quarter of 2026. These loans have been pivotal in stimulating economic growth, fostering entrepreneurship, and creating jobs in the region.

Moreover, Bank of America employees have dedicated more than 42,000 volunteer hours to various local nonprofits, businesses, and community initiatives since 2020, further cementing the bank’s commitment to the Sarasota/Manatee community.

Looking to the Future

As Crabtree embarks on this new chapter, he is determined to build upon the solid foundation laid by his predecessor. His leadership will be critical in navigating the evolving landscape of banking and ensuring that Bank of America fulfills its mission of connecting clients, teammates, and communities while delivering top-tier financial services.

Bank of America stands as one of the leading financial institutions globally, serving a diverse clientele ranging from individual consumers to large corporations. With a robust network of nearly 3,500 retail financial centers and approximately 15,000 ATMs across the United States, the bank emphasizes digital banking solutions, demonstrating its commitment to meet the needs of its 69 million clients effectively.

As Crabtree leads Bank of America in Sarasota/Manatee, the bank is poised to continue making a profound impact on both the local economy and the lives of its clients, ensuring that its mission of responsibly growing both its market share and community ties remains at the forefront of its strategy.