BofA Names Paul Keifer President of Grand Rapids

Rhea-AI Summary

Bank of America (NYSE: BAC) has appointed Paul Keifer as the new president of its Grand Rapids operations, succeeding Renee Tabben, who will continue as Merrill market executive. Keifer, previously serving as Corporate Social Responsibility Operations and Strategic Partnerships senior manager, will oversee the bank's market share growth initiatives and connect clients across eight business lines.

Keifer, who joined BofA in Detroit in 2010, leads the Operations and Strategic Partnerships team managing the company's $15 billion Community Homeownership Commitment. A Michigan native and Crain's Grand Rapids 40 Under 40 honoree, he serves on multiple community boards and chairs the Northeast Board of Governors for the National Association of Hispanic Real Estate Professionals.

Positive

• Appointment of experienced internal candidate with deep regional knowledge and community connections
• Continuity in leadership with previous president remaining as Merrill market executive
• Integration across eight business lines under unified leadership
• Leadership role in $15 billion Community Homeownership Commitment program

Negative

• None.

News Market Reaction – BAC

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Data tracked by StockTitan Argus on the day of publication.

Corporate Social Responsibility Operations and Strategic Partnerships executive will also oversee the bank's efforts to grow market share

GRAND RAPIDS, Mich., May 15, 2025 /PRNewswire/ -- Bank of America has named Paul Keifer, Corporate Social Responsibility Operations and Strategic Partnerships senior manager, president of Bank of America Grand Rapids. He succeeds Renee Tabben, who successfully led the market since 2016 and will continue as Merrill market executive.

As president and head of the market, Paul will connect clients, teammates and communities to the full power of the franchise and drive integration across our eight lines of business. He will oversee our efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen our client relationships. He has been a central member of the local leadership team as its market integration executive focused on bringing businesses together. He will continue in this role until a new market integration executive is named.

"Throughout his career with Bank of America, Paul has established deep relationships with teammates, clients and the community to deliver responsible growth," said Brian Moynihan, Bank of America chairman and chief executive officer. "Paul is well positioned to build on Renee's work and continue to grow our presence in West Michigan, as we deliver the full breadth of Bank of America's capabilities to help our local clients improve their financial lives."

In addition to his role as president, Paul leads the Operations and Strategic Partnerships team focused on delivering on the company's five-year, $15 billion Community Homeownership Commitment through grants, community revitalization programs, and affordable mortgage loans and small business lending nationwide.

Paul joined Bank of America in Detroit in 2010 and has held progressive leadership roles throughout the region in Consumer Banking, Wealth Management, Digital Banking, and Mortgage Lending, focusing on empowering teammates to better serve clients and communities.

A native Michigander, he is an active member of the Grand Rapids community. He serves on the board of directors of Habitat for Humanity of Kent County and the American Youth Soccer Organization and is the chair of the Northeast Board of Governors for the National Association of Hispanic Real Estate Professionals. In 2023, he was named to the Crain's Grand Rapids 40 Under 40 Business Leaders in West Michigan.

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 59 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).

Reporters may contact:

Naomi R. Patton, Bank of America
Phone: 1.646.855.4266
naomi.patton@bofa.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bofa-names-paul-keifer-president-of-grand-rapids-302456598.html

SOURCE Bank of America Corporation

FAQ

Who is the new Bank of America (BAC) Grand Rapids president?

Paul Keifer, previously Corporate Social Responsibility Operations and Strategic Partnerships senior manager, has been named the new president of Bank of America Grand Rapids.

What happened to the previous BAC Grand Rapids president Renee Tabben?

Renee Tabben, who led the market since 2016, will continue with Bank of America as Merrill market executive.

What are Paul Keifer's responsibilities as BAC Grand Rapids president?

Keifer will oversee market share growth, connect clients across eight business lines, and lead the Operations and Strategic Partnerships team managing the $15 billion Community Homeownership Commitment.

What is Paul Keifer's background at Bank of America (BAC)?

Keifer joined Bank of America in Detroit in 2010 and has held leadership roles in Consumer Banking, Wealth Management, Digital Banking, and Mortgage Lending.

What community involvement does Paul Keifer have in Grand Rapids?

Keifer serves on the board of Habitat for Humanity of Kent County, the American Youth Soccer Organization, and chairs the Northeast Board of Governors for the National Association of Hispanic Real Estate Professionals.