BofA Names Drew Slocum as Wisconsin President

Rhea-AI Summary

Bank of America (NYSE: BAC) has appointed Drew Slocum as president of Bank of America Wisconsin. Slocum, who joined the bank in 2006, will lead the Wisconsin market and connect clients, teammates, and communities to the bank's eight lines of businesses. His responsibilities include growing market share in one of the company's newest expansion markets and deploying resources to advance economic mobility.

Slocum has over two decades of experience in financial services and currently serves as Global Commercial Banking market executive. He is active in the community, serving on various committees and boards, including the Federal Reserve Bank of Chicago's Wisconsin Economic Roundtable and the WMC Foundation.

Bank of America serves approximately 69 million consumer and small business clients with about 3,800 retail financial centers and 15,000 ATMs in the United States. The company is a global leader in wealth management, corporate and investment banking, and trading across various asset classes.

Positive

• Appointment of experienced leader Drew Slocum as Wisconsin president
• Expansion into Wisconsin market, potentially increasing revenue and market share
• Strong presence with 69 million consumer and small business clients in the US
• Extensive network of 3,800 retail financial centers and 15,000 ATMs

Negative

• None.

MILWAUKEE, Aug. 1, 2024 /PRNewswire/ -- Today, Bank of America named Drew Slocum as president of Bank of America Wisconsin. As president, Slocum will lead the Wisconsin market and will be responsible for connecting clients, teammates and communities to the bank's eight lines of businesses and the full power of Bank of America.

Slocum joined Bank of America in 2006 and has over two decades of experience in the financial services sector. In his new role, Slocum will also lead the bank's work to grow market share as one of the company's newest expansion markets and direct efforts to deploy resources in order to help advance economic mobility and build strong communities.

"During his longstanding career at Bank of America, Drew has established deep relationships with teammates, clients, and the communities in Wisconsin," said Brian Moynihan, Bank of America chairman and chief executive officer. "Drew is well positioned to grow our presence in Wisconsin and deliver the full breadth of Bank of America's capabilities to help our local clients improve their financial lives."

Slocum joined Bank of America in Chicago and returned home to Wisconsin in 2013 as the state's first Global Commercial Banking relationship manager. He currently serves as Global Commercial Banking market executive, leading a team of middle market bankers in Wisconsin.

Growing up outside of Milwaukee, Slocum is active in the community and is a member of the Federal Reserve Bank of Chicago's Wisconsin Economic Roundtable and the Future Wisconsin Project steering committee, as well as an executive partner for the M7 Economic Development Organization. In addition, he is a board member and past board chair of First Tee of Southeast Wisconsin and board member of WMC Foundation. He lives in Mequon with his wife and two daughters.

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 3,800 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:
Diane Wagner, Bank of America
Phone: 1.312.992.2370
diane.wagner@bofa.com

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SOURCE Bank of America Corporation

FAQ

Who is the new president of Bank of America Wisconsin?

Drew Slocum has been named as the new president of Bank of America Wisconsin.

What are Drew Slocum's responsibilities as Bank of America Wisconsin president?

As president, Drew Slocum will lead the Wisconsin market, connect clients and communities to the bank's services, grow market share, and deploy resources to advance economic mobility and build strong communities.

How many consumer and small business clients does Bank of America (BAC) serve in the US?

Bank of America serves approximately 69 million consumer and small business clients in the United States.

What community roles does Drew Slocum hold in Wisconsin?

Drew Slocum is a member of the Federal Reserve Bank of Chicago's Wisconsin Economic Roundtable, the Future Wisconsin Project steering committee, and serves on the boards of First Tee of Southeast Wisconsin and WMC Foundation.