In this role, Millman will serve as the company’s enterprise leader for Maryland and Baltimore. He will work with company leaders across the state to help the bank deliver a wide range of global financial services to more individuals and businesses locally as well as deepen relationships with existing customers. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, and employee volunteerism.
'David brings tremendous experience in financial services to this important leadership role', said Brian T. Moynihan, CEO, Bank of America.
'Having spent more than 30 years in Baltimore, his commitment to the state, as a long-time resident and business leader, will serve our customers and clients across Maryland well'.
In addition to his responsibilities as Maryland and Baltimore market president, Millman is the market executive for Business Banking for Greater Maryland. Business Banking provides strategic, integrated financial advice and solutions to small and mid-sized businesses with $5 million to $50 millionin annual revenues.
Millman joined Bank of America in 1981 and has held a number of leadership positions in Consumer Banking and the Global Commercial Bank. He was born and raised in Baltimore, where he is active in the community. He has been a board member for the Crohn’s & Colitis Foundation and the Nikki Perlow Foundation. Millman resides in Owings Millswith his wife, Holly.
Millman replaces William Couper, who served as Bank of America Mid-Atlantic president. Couper will retire at the end of September.
'In his 40 years of service, Bill has been a great leader for the bank and a champion of the community', added Moynihan. 'His contributions will continue to have an impact on our company, his fellow teammates and the communities we serve'.
Last year, Bank of America employees in Maryland volunteered more than 28,000 hours to local nonprofits and continue to be significant players in major philanthropic initiatives, including United Wayand Habitat for Humanity. More than $4.1 millionin 2011 statewide philanthropic giving helped nonprofit community organizations develop and grow, including those that provide basic human services such as hunger relief and housing assistance.