Sarasota, Florida, October 9th / PRNewswire / -- Bank of America announced today that Jeff Crabtree, the regional head for the Consumer Banking area, has been appointed as President of the Sarasota/Manatee region. He succeeds Stephenie Whitfield, who was recently transferred to Georgia for another position within the company.
As the President and Head of Marketing for the region, Crabtree will connect customers, colleagues, and the community with the company's overall business capabilities, and promote collaboration among the company's eight business lines. He will lead Bank of America in expanding its market share in Sarasota/Manatee by establishing strong local connections and seeking opportunities to deepen and expand customer relationships.
The Chairman and CEO of Bank of America, Brian Moynihan, stated: "The existing leadership and experience of Jeff will ensure that we deepen our relationships with customers, communities, and colleagues in accordance with our responsible growth strategy. Jeff will continue to expand our market share in Sarasota/Manatee, bringing the full range of Bank of America's capabilities to our customers to help them improve their financial lives. We are grateful for the leadership of Stephenie and look forward to her contributions to the company in her new role."
Crabtree will continue to serve as the regional leader for the Consumer Banking area, leading a team of market leaders focused on growth and strategic financial solutions in multiple regions of Florida. He has 15 years of experience at Bank of America and has held various positions at Consumer Banking and Merchant Services. He has always been an important member of the leadership team in Sarasota/Manatee.
Crabtree actively participates in community activities and serves as a volunteer for the Boy Scouts of America. He also supports the development of his colleagues by participating in various employee networks within the company.
Market Conditions: Bank of America Sarasota/Manatee, Florida
- There are over 400 employees from American Bank and Merrill in the region, providing support to customers at 31 locations.
- Since 2020, Bank of America has invested $3.4 million in charitable funds to various organizations in Sarasota and Manatee counties to promote community leadership, enhance economic mobility, and support individuals in achieving their goals.
- In the second quarter of 2026, Bank of America issued $143 million in small business loans and $246 million in commercial loans in Sarasota/Manatee, helping to drive economic growth, entrepreneurship, and job creation.
- Since 2020, Bank of America employees in Sarasota/Manatee have accumulated over 42,000 hours of volunteer service, supporting local non-profit organizations, businesses, and community projects.
Bank of America is one of the world's leading financial institutions, providing a comprehensive range of banking, investment, asset management, and other financial and risk management products and services to individual consumers, small and medium-sized enterprises (SMEs), and large corporations. The company offers a wide range of convenient services in the United States, supporting over 69 million customers, with approximately 3,500 retail financial centers, about 15,000 ATM machines, and award-winning digital banking services that serve around 60 million certified digital users. Bank of America is also a leader in global wealth management, corporate and investment banking, as well as trading across various asset classes, serving businesses, governments, institutions, and individuals worldwide. As the largest lender to small and medium-sized businesses in the United States ( FDIC ), Bank of America provides industry-leading support to nearly 4 million small business families through a suite of innovative and user-friendly online products and services. The company's operations extend across the United States and more than 35 countries and/or jurisdictions. Bank of America's stock (NYSE ticker: BAC ) is listed on the New York Stock Exchange.
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Journalists to contact: Matthew Daily, Bank, of, America; Telephone: 1.404.607.2844; [ email, protected ]
