Bank of America has named Vaughn Reynolds president of Bank of America Columbia. The company also announced that well-known South Carolina business and community leader Kim Wilkerson plans to retire in March after 42 years with the bank and nearly two decades as president of Columbia and South Carolina.
As president of Bank of America Columbia, Reynolds will assume the responsibilities for connecting the banking and investment resources offered through the bank’s eight lines of business to people and companies across the region. He will also lead the effort to deploy the company’s resources to help advance economic mobility and build strong communities.
Reynolds joined Bank of America in 2011 and leads financial advisors and their teams in the delivery of comprehensive wealth management advice to individuals, companies and institutions. He has worked alongside Wilkerson as a central member of the Columbia market leadership team for the last three years, most recently serving in the role of market integration executive.
Prior to Bank of America, Reynolds was a corporate attorney specializing in structured finance and capital markets transactions. Reynolds demonstrates a strong commitment to employee engagement by serving as the executive sponsor of Hispanic/Latino Organization for Leadership and Advancement (HOLA) South Carolina and a mentor with Black Professional Group (BPG) South Carolina. He is also actively engaged in nonprofit organizations and currently serves on the board of Midlands Technical College Foundation and volunteers with Harvest Hope Food Bank. Reynolds lives in Columbia with his wife and two children.
During Wilkerson’s accomplished career, she has delivered Bank of America resources to clients and communities across South Carolina. She currently serves as chair of the Clemson University Board of Trustees, serves on the Palmetto Business Forum, and is immediate past chair of the South Carolina Chamber of Commerce. Wilkerson was recently named Business Leader of the Year by the South Carolina Chamber and received the Leader of Distinction Award from Leadership South Carolina. She will be inducted into the South Carolina Business Hall of Fame in March. Additionally, she’s received numerous other awards and recognitions across the state for her leadership, generosity and significant contributions.
“During Kim’s 42 distinguished years, she has made a lasting impact on communities across South Carolina, as well as across our company,” said Brian Moynihan, chief executive officer, Bank of America. “We thank her for her leadership and look forward to continued growth and success with Vaughn becoming the next Columbia president.”
Wilkerson will continue to serve in her South Carolina role until her retirement in March. The bank plans to continue celebrating her and the impact she’s made over the coming months. She lives in Columbia with her husband and looks forward to spending more time with her family, including her 2 children and 3 grandchildren.
“It has been a privilege to serve and represent Bank of America for so many years and work on behalf our clients and communities across this great state,” said Wilkerson, retiring South Carolina President of Bank of America. “The bank has enabled me to make long-term, meaningful contributions to the community that will positively impact future generations. I am eager to continue the important work still to be done across our great state, and to work with Vaughn on a successful transition in Columbia.”
“I care deeply about the Columbia community and the opportunity to represent Bank of America at this level,” said Reynolds, incoming President of Bank of America Columbia. “The future of this community is bright, yet as in many places, we still have work to do. I look forward to partnering with many others in the region to help move us forward.”
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 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 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.
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Eliza Murphy, Bank of America