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Banking | Finance 2025: DI RITA, LAWRENCE ‘LARRY’
GREATER WASHINGTON, D. C., MARKET PRESIDENT, BANK OF AMERICA, WASHINGTON, D. C.
Virginia Business //September 2, 2025//
Banking | Finance 2025: DI RITA, LAWRENCE ‘LARRY’
GREATER WASHINGTON, D. C., MARKET PRESIDENT, BANK OF AMERICA, WASHINGTON, D. C.
Virginia Business //September 2, 2025//
Di Rita has led the greater D.C. market for Bank of America since 2019. He’s also the bank’s head of global public policy.
Bank of America posted $27.1 billion in net income in 2024, a 2.33% increase from 2023, and had $3.26 trillion in total assets, a 2.56% increase compared to 2023.
Di Rita joined the bank as an external affairs executive in 2006 after previously making a name for himself in the U.S. Navy and the federal government.
A United States Naval Academy graduate, Di Rita holds two master’s degrees from Johns Hopkins. From 1980 until 1993, he served in the Navy, with his final active-duty assignment as a politico-military planner for the Joint Chiefs of Staff. After his military service, he was deputy director of foreign policy and defense studies at The Heritage Foundation, the influential conservative think tank. He also served as chief of staff for U.S. Sen. Kay Bailey Hutchison of Texas and was policy director for U.S. Sen. Phil Gramm’s bid for the 1996 GOP presidential nomination. From 2001 to 2006, Di Rita served as special assistant to Secretary of Defense Donald H. Rumsfeld.
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