Bank of America moving Southeast energy & utilities practice to Charlotte from Atlanta
Posted on 27 Nov 2012 by Justin Ruckman
Bank of America will move its commercial bank’s Southeast energy and utilities practice to Charlotte from Atlanta, says new market executive Linda Stanley.
Stanley has been leading the energy and utilities group from her post in Atlanta for several years. But she has decided to bring the practice to Charlotte as part of her move to the Queen City. Stanley was recently named the new commercial banking market executive for North and South Carolina. She will be based in Charlotte.
In an interview Tuesday, Stanley said moving the energy practice to Charlotte was an easy choice because of the region’s growing prominence as an energy hub. Duke Energy Corp., the nation’s largest electric utility, is based in Charlotte and has led a charge with city boosters to make the region a hub for energy companies.
“We’ll be really focusing some of our efforts on the power and energy sector,” Stanley said about her priorities as the new market exec. “With the growth we’ve seen and the number of companies in that sector being attracted to the Charlotte and North Carolina region, it just makes a lot of sense.“