BofA Names Jim Morehead President of Seattle

Rhea-AI Summary

Bank of America announced the appointment of Jim Morehead as president of its Seattle division, succeeding Jeremey Williams who becomes Community Relations Manager Executive. Alex Yang will take over as Seattle Market Executive, partnering with Morehead on local strategies. Morehead brings over 25 years of banking experience, managing a team serving companies with revenues between $50 million and $2 billion. He has been with Bank of America since 2016. The changes emphasize the bank's commitment to community engagement and economic development in the region.

Positive

• Appointment of Jim Morehead as Seattle president enhances local leadership.
• Morehead's extensive experience (25+ years) strengthens market position.
• Focus on community engagement and economic development initiatives.

Negative

• None.

Alex Yang becomes Seattle Market Executive, succeeding Jeremey Williams who accepts promotion to Community Relations Manager Executive

SEATTLE, Dec. 9, 2022 /PRNewswire/ -- Bank of America has named Jim Morehead president of Bank of America Seattle. The company also announced that Alex Yang will become Seattle Market Executive, replacing Jeremey Williams who was recently promoted to Community Relations Manager (CRM) Executive.

Jim Morehead

As president, Morehead is responsible for connecting the banking and investment resources offered through the bank's eight lines of business to people and companies across King, Pierce and Snohomish Counties. He will also lead the effort to deploy Bank of America's resources to address social concerns, strengthen economic opportunity, and build strong communities, as well as support the health, safety and engagement of local employees.

"Seattle is an important market for Bank of America, and Jim has established deep relationships with our teammates, clients and the greater Puget Sound community during his career," said Brian Moynihan, chief executive officer, Bank of America. "In his new role, Jim will help ensure we are a great partner as we continue to grow across the region."

In addition to his responsibilities as Seattle President, Morehead will remain Global Commercial Banking Market Executive for the Western Washington & Pacific Rim Market at Bank of America. With more than 25 years of corporate banking, franchise finance, commercial real estate and small business banking experience, he leads a team of Middle Market bankers that serve companies with annual revenues from $50 million to $2 billion, providing a variety of financial solutions, including treasury, credit, investment banking, risk management, international banking and wealth management. Jim joined the bank in 2016, and throughout his banking career, he has held client facing and leadership roles in multiple lines of business.

As a long-time resident of Seattle, Morehead has worked with numerous nonprofits including Junior Achievement of Washington and United Way of King County. He currently serves on the boards of the Seattle Metropolitan Chamber of Commerce and Special Olympics Washington, and he will be taking a position on the Washington Roundtable board.

Morehead holds a bachelor's degree in economics and computer science from Hamilton College and earned his MBA from the University of Washington, Foster School of Business. He is currently a FINRA Registered Principal with Series 7, 63, and 24 securities licenses. He resides in Seattle with his wife and their two children.

Alex Yang

Yang has been named the Seattle Market Executive, working in partnership with the Seattle president and leadership team directing local market strategy, employee engagement, business integration and investments that help to drive and respond to community and economic development and critical needs across King, Pierce and Snohomish Counties. A long-time Washington resident, Yang joined Bank of America in 1997, and most recently served in a global role as CashPro Product Manager with the company's Global Transaction Services (GTS) group.

Invested in mentorship and financial empowerment, Yang mentors several GTS employees, co-chairs the Seattle chapter of the bank's Asian Leadership Network and serves as a generational ambassador for the Inter-Generational Employee Network (IGEN) as well as a Bank of America Better Money Habits Champion, teaching financial empowerment in the community. He holds a bachelor's in biology from Brown University. Yang also has worked with numerous nonprofits including Seattle Chinese School, Pacific Northwest Kendo Federation and the Chief Seattle Council supporting Scouting on the Eastside. He lives in Woodinville with his wife and children.

Jeremey Williams

After serving as Seattle Market Executive for three years, Williams has accepted a national role as CRM Executive. In his new role, Williams is responsible for 49 CRMs across the company's Local Market Organization. He will lead strategic initiatives that make Bank of America a more efficient company while connecting its capabilities across all lines of business to benefit clients as well as support employees by creating an inclusive and supportive workplace and utilize company assets to champion the bank's corporate social responsibility strategy.

Williams has been with Bank of America for more than 15 years, holding a variety of leadership positions in the Local Markets Organization, including Strategy and Initiatives Manager, Market Manager and Community Relations Manager. He also served as a Portfolio Management Officer with the company's Community Development Banking team in Seattle early on in his career.

Originally from Spokane, Williams played football for and graduated from Washington State University with a bachelor's in advertising/communications and a master's in business communications from the Edward R. Murrow School of Communications. He will continue living in Seattle.

Bank of America

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 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital 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 households 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.

For more Bank of America news, including dividend announcements and other important information, visit Bank of America newsroom and register for email news alerts.

Reporters may contact:

Britney Sheehan, Bank of America
Phone: 1.425-467-9744
britney.w.sheehan@bofa.com  

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SOURCE Bank of America Corporation

FAQ

Who is the newly appointed president of Bank of America Seattle?

Jim Morehead has been named the president of Bank of America Seattle.

What role will Alex Yang serve at Bank of America Seattle?

Alex Yang has been appointed as the Seattle Market Executive.

When was Jim Morehead appointed president of Seattle?

Jim Morehead was appointed president of Bank of America Seattle on December 9, 2022.

What is the focus of Jim Morehead's role in Seattle?

Morehead will connect banking resources and lead community engagement initiatives in King, Pierce, and Snohomish Counties.

What is the stock symbol for Bank of America?

The stock symbol for Bank of America is BAC.