BofA Names Matt Reilly President of New Hampshire

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Bank of America (BAC) has appointed Matt Reilly as the new president of Bank of America New Hampshire, succeeding Ken Sheldon who led the market for nearly 14 years. Reilly, who joined the company in 2014, will continue his role as Consumer Banking Market Leader while connecting clients, teammates and communities across the bank's eight lines of business.

Sheldon will transition to focus on Global Commercial Banking as a senior relationship manager. During his tenure, he oversaw more than $8 million in philanthropic support to local nonprofits, including a $500,000 anchor grant for the new Nashua Center for the Arts.

Bank of America currently serves approximately 69 million consumer and small business clients through 3,700 retail financial centers and 15,000 ATMs, with approximately 58 million verified digital users. The bank supports about 4 million small business households and operates across the United States and more than 35 countries.

Ken Sheldon to focus on Global Commercial Banking

MANCHESTER, N.H., Jan. 7, 2025 /PRNewswire/ -- Bank of America has named Matt Reilly president of Bank of America New Hampshire. As president and head of the market, Reilly will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank's eight lines of business. He succeeds Ken Sheldon, who successfully led the market for nearly 14 years and will continue as Global Commercial Banking senior relationship manager.

Reilly will also oversee the bank's efforts to grow market share and deploy the company's resources to help advance economic mobility and build strong communities.

"Ken has had a tremendous impact over the last 14 years delivering the full breadth of Bank of America to our New Hampshire clients and community, and growing market share. We thank him for his leadership and look forward to continued growth and success with Matt becoming the next New Hampshire president," said Brian Moynihan, Bank of America chairman and chief executive officer. "Matt is well positioned to help our New Hampshire clients improve their financial lives and deliver responsible growth."

Reilly joined the company in 2014 and has more than 20 years of leadership experience across multiple industries. He will continue to serve as Consumer Banking Market Leader where he oversees the operations, performance and growth of financial centers across the region. Reilly has worked alongside Sheldon serving as a key member of the local leadership team.

During Sheldon's tenure as president, he oversaw more than $8 million in philanthropic support to local nonprofits, including a $500,000 anchor grant to spearhead the new Nashua Center for the Arts and Bank of America Theater. He has served on the boards of numerous organizations and remains committed to board and volunteer involvement to support the local economy and community.

Actively engaged in his local community, Reilly serves on the board of directors of Boys & Girls Club of Manchester.

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 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 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 4 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 more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

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

Reporters may contact:

John Yiannacopoulos, Bank of America
Phone: 1.646.855.2314
john.yiannacopoulos@bofa.com

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SOURCE Bank of America Corporation

FAQ

Who is the new Bank of America (BAC) New Hampshire president in 2025?

Matt Reilly has been appointed as the new president of Bank of America New Hampshire in January 2025.

What role will former BAC New Hampshire president Ken Sheldon take?

Ken Sheldon will continue with Bank of America as Global Commercial Banking senior relationship manager.

How much philanthropic support did BAC provide under Ken Sheldon's leadership in New Hampshire?

Under Ken Sheldon's leadership, Bank of America provided more than $8 million in philanthropic support to local nonprofits, including a $500,000 anchor grant for the Nashua Center for the Arts.

What is BAC's current retail presence in terms of financial centers and ATMs?

Bank of America operates approximately 3,700 retail financial centers and 15,000 ATMs, serving about 69 million consumer and small business clients.

How many verified digital banking users does BAC currently have?

Bank of America has approximately 58 million verified digital banking users.