---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-257413"
form_type: "8-K"
ticker: "BAC"
cik: "0000070858"
company_name: "BANK OF AMERICA CORP /DE/"
filed_at: "2021-08-26T23:59:59+00:00"
generated_at: "2026-06-29T07:41:08.194909+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bank of America announces retirements of Vice Chairman Finucane and COO Montag; effective end of 2021

## Summary
- Anne Finucane (Vice Chairman) and Thomas Montag (COO & president of Global Banking and Markets) to retire; remain through end of 2021.
- Succession plans to be announced in coming weeks.
- Montag's businesses generated ~$38B revenue in 2020 and 46% of total H1 2021 revenue.
- Finucane oversaw $1.25B racial equality commitment; will become non-executive chairman of BofA Europe.
- Finucane is first woman vice chairman and first woman chairman of BofA Europe board.

## SEC filing metadata
- accession: 0001193125-21-257413
- form_type: 8-K
- ticker: BAC
- cik: 0000070858
- company_name: BANK OF AMERICA CORP /DE/
- filed_at: 2021-08-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000119312521257413/0001193125-21-257413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000119312521257413/d305216d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-257413
- JSON: https://secwatch.observer/filing/0001193125-21-257413.json
- Plain text: https://secwatch.observer/filing/0001193125-21-257413.txt

## Key facts
- Executive change
  Thomas Montag retired as Chief Operating Officer and president of Global Banking and Markets at BANK OF AMERICA CORP /DE/.
  - Action: retired
  - Role: Chief Operating Officer and president of Global Banking and Markets
  source text: On August 26, 2021, Bank of America Corporation (the “Corporation”) announced the retirements of Anne Finucane, the Corporation’s Vice Chairman, and Thomas Montag, the Corporation’s Chief Operating Officer and president of Global Banking and Markets, and a named executive officer in the Corporation’s 2021 Proxy Statement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000119312521257413/0001193125-21-257413-index.htm
- Executive change
  Anne Finucane retired as Vice Chairman at BANK OF AMERICA CORP /DE/.
  - Action: retired
  - Role: Vice Chairman
  source text: On August 26, 2021, Bank of America Corporation (the “Corporation”) announced the retirements of Anne Finucane, the Corporation’s Vice Chairman, and Thomas Montag, the Corporation’s Chief Operating Officer and president of Global Banking and Markets, and a named executive officer in the Corporation’s 2021 Proxy Statement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000119312521257413/0001193125-21-257413-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.