As president, Morehead is responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to people and companies across King, Pierce and Snohomish Counties. He 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.
“Seattle is an important market for Bank of America, and Jim has established deep relationships with our teammates, clients and the greater Puget Sound community during his career,” said Brian Moynihan, chief executive officer, Bank of America. “In his new role, Jim will help ensure we are a great partner as we continue to grow across the region.”
In addition to his responsibilities as Seattle President, Morehead will remain Global Commercial Banking Market Executive for the Western Washington & Pacific Rim Market at Bank of America. With more than 25 years of corporate banking, franchise finance, commercial real estate and small business banking experience, he leads a team of Middle Market bankers that serve companies with annual revenues from $50 million to $2 billion, providing a variety of financial solutions, including treasury, credit, investment banking, risk management, international banking and wealth management. Jim joined the bank in 2016, and throughout his banking career, he has held client facing and leadership roles in multiple lines of business.
As a long-time resident of Seattle, Morehead has worked with numerous nonprofits including Junior Achievement of Washington and United Way of King County. He currently serves on the boards of the Seattle Metropolitan Chamber of Commerce and Special Olympics Washington, and he will be taking a position on the Washington Roundtable board.
Morehead holds a bachelor’s degree in economics and computer science from Hamilton College and earned his MBA from the University of Washington, Foster School of Business. He is currently a FINRA Registered Principal with Series 7, 63, and 24 securities licenses. He resides in Seattle with his wife and their two children.