Bank of America named Jonathan Matessino president of Bank of America in New Orleans and Baton Rouge, LA. As president, Matessino will assume the responsibilities for connecting banking and investment resources offered through the bank’s eight lines of business to people and companies across the region.
Matessino will support Bank of America’s growth in Louisiana and retail expansion into New Orleans as a new retail market. Five new financial centers are targeted to open in the region in 2025, with a total of 10 branches in the long term. The expansion into New Orleans will bring Bank of America retail banking, lending and small business services to clients in the region, building on existing investing and personalized financial guidance from Merrill and the support it offers businesses through business and commercial banking services. Bank of America currently serves 100,000 clients throughout New Orleans and Baton Rouge, LA.
“Jonathan has established deep relationships with teammates and clients in the Louisiana community and personifies Bank of America’s commitment to stakeholder service,” Brian Moynihan, chairman and CEO of Bank of America, said. “He is well positioned to grow our presence in New Orleans and Baton Rouge and deliver the full breadth of Bank of America’s capabilities to help our local clients improve their financial lives.”
Matessino joined Bank of America in 2015, most recently serving as senior relationship manager for global commercial banking. He has nearly 25 years of experience in the financial services industry. In his role as president, Matessino will lead 200 Bank of America employees throughout New Orleans and Baton Rouge, LA.
Bank of America’s retail entrance into New Orleans is part of the bank’s recently announced plans to expand in nine markets, including Omaha, NE; Milwaukee; Louisville, KY; Birmingham, AL; Madison, WI; Boise, ID; Dayton, OH; and Huntsville, AL. Bank of America’s first financial centers in New Orleans will open in 2025.
“Expanding our presence in new markets like New Orleans/Baton Rouge allows us to continue to provide our clients with the capabilities and services they need to be successful,” Aron Levine, president of preferred banking at Bank of America, said. “Our goal is to continue to connect clients with financial specialists and deliver unique experiences focused on advice, education and best-in-class digital solutions that are tailored to meet the needs of each community and client.”
