April 1, 2022
Bank of America has named Susan Rabinowitz as president of Bank of America Treasure Coast. Rabinowitz succeeds Doug Sherman, who has led the market the past nine years and announced his decision to retire from the company last month.
As president, Rabinowitz will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to people and companies across the Treasure Coast. She will also lead the effort to deploy Bank of America’s resources to address social concerns, strengthen economic opportunity, and build strong communities, as well as support the health, safety, and engagement of local employees.
“With more than 25 years’ experience in the financial services industry, Susan has held various leadership positions and established deep relationships with teammates, clients, and the community,” said Brian Moynihan, Bank of America chairman and CEO. “Susan is perfectly positioned to build upon the accomplishments that Doug has made with Bank of America. I thank Doug for his leadership and wish him the very best in his future endeavors.”
Susan has worked with Business Banking, Commercial Banking, and Commercial Real Estate clients and managed sales and credit teams. She’s rejoining the Business Banking Southeast leadership team from Global Risk, where she most recently served as Commercial Credit Risk executive. In addition, she’s an advocate for equality and inclusion, an LGBTQ+ Ally, member of the bank’s employee network for leadership development of women, a financial literacy champion, and has mentored several women-owned businesses through the Vital Voices Global Ambassador program.
Active in the community, Susan is focused on addressing food insecurity as a board member of the Palm Beach County Food Bank and served as a past president and board member of the Literacy Coalition of Palm Beach County.
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 67 million consumer and small business clients with approximately 4,200 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with more than 54 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 3 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 approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Reporters may contact:
Matthew Daily, Bank of America