Bank of America adds nine senior bankers to boost middle market coverage
Bank of America added nine senior bankers to its Regional Investment Banking team, expanding its presence to over 200 bankers in 26 U.S. cities. The hires, including managing directors and a vice chair, bring expertise in M&A and industrial sectors to bolster middle market coverage. The bank maintained its top ranking for Global Commercial Banking clients for the third year.
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Bank of America announced on July 13, 2026, the addition of nine senior investment bankers to its Regional Investment Banking business to strengthen its coverage of middle market companies across the U.S. The new hires, based in cities including Austin, Boston, Charlotte, Chicago, Detroit, Minneapolis, New York, San Francisco and West Palm Beach, report to Neil Kell and Samardh Kumar, co-heads of Regional Investment Banking. This expansion increases the bank's footprint to more than 200 bankers across 26 U.S. cities.
The U.S. middle market remains a strategic priority for Bank of America, driving growth for its Global Corporate & Investment Banking and Global Commercial Banking businesses. By integrating global capabilities with local market connectivity, the bank aims to provide tailored advice and capital markets solutions to these clients. The Regional Investment Banking business maintained its #1 ranking among Global Commercial Banking clients for the third consecutive year, according to Dealogic data as of June 30, 2026.
Senior Hires by Region
The new additions bring decades of experience in mergers and acquisitions (M&A) and sector-specific advisory roles. The following table details the new hires, their locations, and immediate previous roles:
| Name | Location | Role | Previous Experience |
|---|---|---|---|
| Bob Berry | Boston | Managing Director | Senior M&A banker, Rothschild; former head of Boston office |
| Matt Dalton | Minneapolis | Managing Director | 17 years at Lazard; advised industrial companies and private equity sponsors |
| Rick Florjancic | Chicago | Managing Director | Head of Regional Investment Banking, BMO Capital Markets |
| Ian Mackay | Charlotte | Managing Director | Led Financial Sponsors coverage, BlackArch Partners |
| Joe Park | Detroit | Managing Director | Former president and CFO, Princeton NuEnergy; ex-SK Group executive |
| Mitch Theiss | West Palm Beach | Vice Chair | Partner, Seabrook Partners; former executive chair, Rockefeller Capital Management |
| Daniel Webb | Austin | Managing Director | TMT investment banking experience at Bank of America and Citigroup |
| Joe Winters | San Francisco | Managing Director | Led middle market investment banking, J.P. Morgan |
| Bo Brown | New York | Managing Director | Head of Industrials M&A, BMO Capital Markets |
Strategic Impact
Mike Joo, Co-Head of Global Investment Banking, stated that the hires strengthen the bank's ability to serve Global Commercial Banking clients with differentiated advice and deep local market insight. The bankers will work closely with Global Commercial Banking, Merrill, Private Bank and Local Market Organization to deliver integrated solutions. This collaboration is intended to drive investment banking market share and foster growth across the bank's eight lines of business and 97 Local Markets.
How will this expansion impact Bank of America's competitive positioning against other major banks targeting the middle market?
What specific revenue growth targets has Bank of America set for its Regional Investment Banking business over the next few years?
Could this hiring spree signal a broader trend of increased M&A activity in the U.S. middle market for the remainder of 2026?
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