WORCESTER– Bank of America has named Michael Garand as president of Bank of America Worcester, the bank announced on Thursday. As president, Garand leads the Worcester market, connecting clients, teammates, and communities to the bank’s eight lines of business.
Garand succeeds Ed Shea, who is retiring later this month after 39 years of service, including 18 years as Worcester’s president. Garand, with more than three decades of experience in financial services, joined Bank of America in 2007.
In his new role, Garand focuses on growing market share and deploying the company’s resources to advance economic mobility and build strong communities.
“During his more than 15-year career at Bank of America, Michael has established deep relationships with teammates, clients and the Worcester community,” said Brian Moynihan, Bank of America chairman and chief executive officer, in a statement. “Michael is perfectly positioned to build upon the legacy and impact that Ed established in his nearly four decades with Bank of America. I thank Ed for his leadership, and I wish him the very best with the next chapter in his life.”
In addition to his responsibilities as president of Worcester, Garand is a managing director and private client advisor at Bank of America Private Bank, leading a local team of specialists and leveraging their skills and knowledge to help clients manage their wealth.
As a long-time Worcester resident, Garand is deeply involved in the community and shows a strong commitment to the city. He serves on the board of the Worcester Regional Chamber of Commerce and is an active member of both the Worcester Estate and Business Planning Council and the Worcester Economic Club. Additionally, he is on the committee for the Boy Scout Troop in Southborough. Garand holds a bachelor’s degree in business management from Providence College.
Send news releases to Charlene Arsenault at carsenault@theworcesterguardian.org
