MINNEAPOLIS--(BUSINESS WIRE)--Bank of America today announced that Daniel J. Statsick has been named Minnesota state president and Minneapolis-St. Paul market president.
As state president, Statsick will serve as the company’s enterprise leader in Minnesota. He will work with company leaders across the state to help the bank deliver a wide range of global financial services to more individuals and businesses locally as well as deepen relationships with existing customers. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, and employee volunteerism.
“We’re pleased to have Dan join the team and lead our work serving customers and clients in Minnesota,” said Brian T. Moynihan, CEO, Bank of America. “Dan brings tremendous experience in financial services to this important leadership role as well as a dedication to serving the community.”
In addition to his responsibilities as state president, Statsick serves as market director for U.S. Trust in Minneapolis. In this role, he leads client service teams, overseeing relationship management, business development and related activities for the market. U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs.
Statsick joined Bank of America in 2010 and previously spent 25 years in the investment management/estate planning industry. A Western Michigan University alumnus, he also has an MBA from Loyola University, Chicago. Statsick resides in Chanhassen with his wife and three sons and is active in the community, having served as past chair of the Ronald McDonald House of the Upper Midwest. He currently serves as chair of the Children’s Cancer Research Fund and is a member of the St. Paul and Minneapolis Archdiocesan Finance Council.
Last year, Bank of America employees in the Minneapolis-St. Paul area volunteered more than 4,100 hours to local nonprofits and continue to be significant players in major philanthropic initiatives, including the United Way campaign. More than $848,000 in 2011 statewide philanthropic giving helped nonprofit community organizations develop and grow, including those that provide basic human services such as hunger relief, housing assistance and access to healthcare.
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 approximately 56 million consumer and small business relationships with approximately 5,600 retail banking offices and approximately 16,200 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in 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 owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
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