Wednesday, April 4, 2012

BofA's new small business bankers in place in Charlotte

Bank of America's dozen new small business bankers in Charlotte are now in place, said Bill Gibson, market manager for small business banking in metro Charlotte and upstate South Carolina, on Wednesday.

The bank announced this week that it had hired 45 across the Carolinas, including 12 in Charlotte, as part of its push into small business lending.

About 75 percent of the new bankers were hired from outside the Charlotte bank. Some came from community banks, though the majority were from larger institutions, Gibson said. Most have more than 10 years of experience.

Each will serve about 250 small businesses.

"The overwhelming segment of their time is spent with the small business owners," Gibson said. "That's the most important thing we do is spending time with the small business and acting in an advisory role."

Most of the bankers began work in the fourth quarter of 2011. Gibson said the data are now beginning to show an uptick in small business lending and customers locally.