Bank of America Names Gary Gore Virginia President
RICHMOND, Va.--(BUSINESS WIRE)-- Bank of America today announced that Gary Gore has been named Virginia president in addition to his role as Richmond market president for the company.
As state president, Gore will serve as the company's enterprise leader for Virginia and Richmond. He will work with company leaders across the state to help the bank deliver a wide range of global financial services to more individuals and businesses locally as well as deepen relationships with existing customers. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, and employee volunteerism.
"We're pleased to have Gary expand his responsibilities and lead our work serving customers and clients across Virginia," said Brian T. Moynihan, CEO, Bank of America. "Gary brings tremendous experience in financial services to this important leadership role as well as a dedication to serving the community."
In addition to his responsibilities as Virginia and Richmond market president, Gore serves as managing director and region executive for the Mid-Atlantic region of U.S. Trust. In this role, he is responsible for U.S. Trust offices across Virginia, Baltimore and Chevy Chase, Maryland and the District of Columbia. In these markets, teams are responsible for the delivery of comprehensive wealth management solutions to high net worth and ultra high net worth clients. U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs.
Prior to joining the U.S. Trust team, Gore served as Virginia and North Carolina market executive in Bank of America's Global Commercial Bank. He joined a Bank of America predecessor institution in 1990 as a credit analyst and has since served in a variety of senior leadership roles within the organization.
Gore is a board member of the Virginia Chamber of Commerce, Virginia Business Council, Venture Richmond, YMCA of Greater Richmond and Homeward. Additionally, he serves as a Trustee for the Virginia Foundation for Independent Colleges, Virginia Historical Society, Richmond Ballet and Greater Richmond Chamber of Commerce as well as serving on the executive council of the School of Business at Virginia State University. He graduated from East Carolina University with an undergraduate degree in finance. Gore resides in Richmond with his wife, Christy, and their five children.
Gore replaces William Couper, who served as Bank of America Mid-Atlantic president. Couper will retire at the end of September.
Last year, Bank of America employees in Virginia volunteered nearly 45,000 hours to local nonprofits and continue to be significant players in major philanthropic initiatives, including Habitat for Humanity. More than $5.2 million in 2011 statewide philanthropic giving helped nonprofit community organizations develop and grow, including those that provide basic human services such as hunger relief and housing assistance.
Bank of America
Bank of America is one of the world's largest 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 56 million consumer and small business relationships with approximately 5,600 retail banking offices and approximately 16,200 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in 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 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYS: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
For more Bank of America news, visit the Bank of America newsroom.
Reporters May Contact:
Nicole Nastacie, Bank of America, 1.980.388.7252
KEYWORDS: United States North America North Carolina Virginia
The article Bank of America Names Gary Gore Virginia President originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.