#USA #Manchester #Bank of America #New Hampshire #Matt Reilly

Bank of America Appoints Matt Reilly as New Hampshire President

In a notable leadership transition, Bank of America has announced the appointment of Matt Reilly as the new president for its New Hampshire operations. This decision follows the retirement of Ken Sheldon, who held the position for nearly 14 years, demonstrating a significant shift in the bank's local leadership dynamics.

Leadership Change and Vision

As president, Reilly is tasked with a critical mandate: connecting clients, employees, and communities to the expansive resources and services that Bank of America offers. His mission includes driving the integration of the bank's eight lines of business, ensuring that clients can access the full suite of financial services. Speaking on the transition, Brian Moynihan, Chairman and CEO of Bank of America, expressed confidence in Reilly's capabilities, highlighting his experience and commitment to enhancing the financial lives of New Hampshire clients.

"Ken has made a substantial impact over the years, helping our clients and community navigate their financial journeys successfully. We are excited to have Matt step into this role to continue this momentum," Moynihan stated.

Reilly's vision extends beyond immediate business objectives; he aims to grow market share while advancing economic mobility in New Hampshire. His leadership will focus on deploying Bank of America’s resources strategically to foster strong community ties and support local economies.

Reilly’s Background and Plans

Matt Reilly joined Bank of America in 2014 and has built an impressive career with over 20 years of leadership experience across various sectors. Before his new position, he served as the Consumer Banking Market Leader, where he was responsible for overseeing the bank's financial centers in the region. This role enabled him to collaborate closely with Ken Sheldon, providing him with insights into the operational nuances and community needs of New Hampshire.

During Sheldon’s tenure, he successfully oversaw contributions exceeding $8 million to local nonprofits, including a significant $500,000 grant that helped establish the Nashua Center for the Arts and Bank of America Theater. This commitment to philanthropy aligns closely with Reilly's community engagement efforts. He also actively participates on the board of directors for the Boys & Girls Club of Manchester, reflecting his dedication to youth and community welfare.

As he steps into his new role, Reilly intends to continue this legacy of giving by further enhancing Bank of America’s support for local initiatives and community development.

The Role of Bank of America in New Hampshire

Bank of America stands as one of the foremost financial institutions globally, maintaining a robust presence across the United States and beyond. With approximately 69 million consumers and small business clients, the bank offers an extensive range of services, from banking and investing to asset management and risk management solutions. Their commitment to providing accessible financial services is evident through their 3,700 retail financial centers, a network of about 15,000 ATMs, and advanced digital banking platforms that cater to roughly 58 million online users.

The bank’s deep involvement in local communities not only highlights its commitment to corporate social responsibility but also plays a vital role in local economies. As Reilly takes the helm in New Hampshire, the expectation is that he will build upon this foundation, ensuring that Bank of America continues to be a cherished partner in the region’s economic landscape.

Conclusion

Matt Reilly's appointment as president of Bank of America New Hampshire marks an exciting chapter for both the bank and the local community. His prior experience, coupled with a clear vision for community growth and financial empowerment, positions him well to lead the bank into its next phase. As he embarks on this journey, stakeholders can anticipate a focused approach to enhancing financial services while strengthening ties within the community.