PHILADELPHIA, Jan. 31 /PRNewswire/ -- Bank of America Market President
Executive Walter Elcock today named Thomas C. Woodward Pennsylvania state
president and Philadelphia market president. Woodward currently serves as
senior risk manager for Bank of America's commercial banking division with
geographic responsibility for Pennsylvania, New Jersey and Delaware.
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As state president, Woodward will provide business, civic and
philanthropic leadership for Bank of America throughout Pennsylvania, with a
focus on the Philadelphia market. He will work to strengthen communication
and integration among the company's local business lines, continuously improve
the customer experience, grow revenue in the state and enhance Bank of
America's presence in the community. He will also have direct oversight of
Bank of America's philanthropic and sponsorship assets in the region.
"Bank of America is very fortunate to have an outstanding leader, civic
champion and experienced banker like Tom to lead our team in Pennsylvania,"
said Elcock. "Tom is already an active and engaged member of the Philadelphia
community and has enjoyed great success in his current role. I have no doubt
his success will continue as he assumes greater responsibilities. We are very
excited to have him step into this critical position."
As state president, Woodward will lead a cross-functional team of seasoned
banking leaders with many years of experience in the community.
Woodward began his career with Bank of America in 2006. Prior to that, he
spent 25 years in various commercial credit and client management roles with
Wachovia and its Philadelphia-based predecessors. Woodward began his career
in banking with the former Industrial Valley Bank in 1979.
In 2002 and 2003, Woodward took leave from Wachovia and served as the
Chief Operating Officer for the Historical Society of Pennsylvania during the
organization's merger and integration with the Balch Institute for Ethnic
Studies.
Woodward devotes a great deal of his free time to charitable and civic
activities in Greater Philadelphia. He serves on the boards of directors of
the Greater Philadelphia Cultural Alliance, the Historical Society of
Pennsylvania, NPower Pennsylvania and the Committee of Seventy. An avid
musician, Woodward is a member of the Philadelphia Singers Chorale and has
participated in the group's performances with the Philadelphia Orchestra. He
is also a past board president of the Choral Arts Society of Philadelphia.
Woodward is a graduate of Grove City College in Grove City, Penn. with a
Bachelor of Arts degree in History and Economics. He also holds an MBA in
Finance from Saint Joseph's University in Philadelphia.
A native of Chester County, Woodward was born in Coatesville and currently
resides in Center City Philadelphia.
Bank of America
Bank of America is one of the world's largest 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 more than 59
million consumer and small business relationships with more than 6,100 retail
banking offices, nearly 19,000 ATMs and award-winning online banking with
nearly 24 million active users. Bank of America is the No. 1 overall Small
Business Administration (SBA) lender in the United States and the No. 1 SBA
lender to minority-owned small businesses. The company serves clients in 175
countries and has relationships with 99 percent of the U.S. Fortune 500
companies and 80 percent of the Fortune Global 500. Bank of America
Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
SOURCE Bank of America