Bank of America : BofA Names Michael Garand as Worcester President

WORCESTER, MA - Today, Bank of America has named Michael Garand as president of Bank of America Worcester. As president, Garand will lead the Worcester 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. Garand succeeds Ed Shea, who will be retiring later this month after 39 years of service, 18 of those as president of Worcester.

Garand has more than three decades of experience in financial services and joined Bank of America in 2007. In his new role, Garand will also lead the bank's work to grow market share and its efforts to deploy the company's resources in order to help advance economic mobility and build strong communities.

"During his more than 15-year career at Bank of America, Michael has established deep relationships with teammates, clients and the Worcester community," said Brian Moynihan, Bank of America chairman and chief executive officer. "Michael is perfectly positioned to build upon the legacy and impact that Ed established in his nearly four decades with Bank of America. I thank Ed for his leadership, and I wish him the very best with the next chapter in his life."

In addition to his responsibilities as president of Worcester, Garand is a managing director and private client advisor at Bank of America Private Bank, leading a local team of specialists and leveraging their skills and knowledge to help clients manage their wealth.

As a long-time Worcester resident, Garand is active in the community and demonstrates a strong commitment to Worcester. He is a board member of the Worcester Regional Chamber of Commerce. In addition, he is an active member of the Worcester Estate and Business Planning Council and the Worcester Economic Club. He also serves on the committee for the Boy Scout Troop in Southborough. Garand has a bachelor's degree in business management from Providence College.

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 57 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).

Juan Soto, Bank of America
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