SAN FRANCISCO, Sept. 7 /PRNewswire/ -- Bank of America today announced it has heightened its focus on the East Bay by appointing Steve Silvestri, one of its top veteran executives in the Bay Area, to the new post of Market President for San Francisco and East Bay Markets.

"The East Bay is an incredibly important market for Bank of America, and having an executive of Steve's experience, ability and commitment leading our business integration and community involvement efforts there will significantly expand what we are able to do for customers and neighborhoods in the region," said Janet Lamkin, president, Bank of America California.

Silvestri, who currently serves as San Francisco market president, is one of 14 Market Presidents throughout California who represent the face of the company to local organizations and communities. They are responsible for ensuring the integration of Bank of America's entire operation in their markets, in order to deliver the full power of the company to customers, clients and communities and meet the bank's aggressive growth goals across all lines of business.

Silvestri is also the Commercial Banking Executive for the Commercial Banking West Region. In this role, he directs the activities of Commercial Banking teams across California, including teams based in San Francisco and Oakland, plus Washington State, Oregon, Nevada and Idaho.

The East Bay market includes Alameda, Contra Costa and Solano counties, where Bank of America has more than 150 banking centers and 50 ATMs.

Prior to assuming his current responsibilities, Steve was president and Consumer Bank Executive for Bank of America Texas and Oklahoma. He has been president of the Southwest Banking Group, Chairman of Bank of America (Asia), Ltd., and leader of numerous statewide and regional banking and support units. He began his Bank of America career in 1975 as a teller in Palo Alto, California.

Silvestri is a member of the Bay Area Council Executive Committee, the Committee on Jobs, the Board of Governors of the San Francisco Symphony and the Board of Trustees of the Asian Art Museum Foundation.

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 57 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with more than 22 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 98 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

Copyright © 2007 PR Newswire Association LLC. All rights reserved.

Presented by InsuranceHeadlines.com