Bank of America names new leader for Tampa Bay market


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Bank of America has named a new executive for its Tampa Bay region: longtime BofA leader Michael Esposito, who was most recently the bank’s national performance executive for the Merrill Advisor Development Program.

Esposito replaces Bill Goede who retired in December after 35 years with the bank, including 18 running the Tampa Bay division. As president and head of the market, Esposito, the bank says in a statement, “will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank’s eight lines of business.

Michael Esposito
Photo by Bazemore Studios-Bryan Bazemore

Esposito joined BofA in 1994 and has held numerous leadership roles within retail banking, preferred banking and Merrill. As the head of the Merrill Advisor Development Program, he focused on hiring and developing candidates who will progress into Merrill advisors, the release states. He has worked alongside Goede over the past decade, the release adds, serving as a key member of the local leadership team.

“Bill had a tremendous impact over the last 35 years with our company, delivering the full breadth of Bank of America to our Tampa Bay clients and community and growing market share,” Bank of America chairman and CEO Brian Moynihan says in the statement. We thank him for his leadership and look forward to continued growth and success with Michael becoming the next Tampa Bay president. Michael is well positioned to help our Tampa Bay clients improve their financial lives and deliver responsible growth.”

Bank of America has $2.56 trillion in assets. 

 

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Mark Gordon

Mark Gordon is the managing editor of the Business Observer. He has worked for the Business Observer since 2005. He previously worked for newspapers and magazines in upstate New York, suburban Philadelphia and Jacksonville.

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