Bank of America names new Hampton Roads president

Tyrone Noel has been named president of the Hampton Roads region for Bank of America, the bank announced Thursday.

As president, Noel will lead 500 employees and operations across the Hampton Roads market and be responsible for growing market share and driving integration across the bank’s eight business lines. He will also lead the bank’s efforts to help advance economic mobility and strengthen communities throughout the region.

“Tyrone has established deep relationships with teammates, clients and the community during his career at Bank of America,” Bank of America chairman and CEO Brian Moynihan said in a statement. “In this new role, Tyrone will help ensure we are a great partner as we continue to grow across Hampton Roads.”

Noel replaces Francisco “Frank” Castellanos, who served in the role from September 2021 until becoming the Merrill market executive for Greater Washington, D.C., late last year. Castellanos replaced Charlie Henderson, who held the role for 15 years.

Noel has more than two decades of experience in financial services, and previously served as the market executive for Merrill Lynch Wealth Management, a role he will continue to serve in across the state. He joined Merrill, which is Bank of America’s investment and wealth management division, in 2011 as a financial adviser.

Noel, who lives in Williamsburg, has served as a mentor with Merrill’s women’s exchange as well as its Black professional group. He is also a member of the company’s Black executive leadership council.

Charlotte, North Carolina-based Bank of America is the country’s second largest bank. It reported $3.1 trillion in assets as of June 30, 2023 and $95 billion in revenue is 2022.