Last summer, longtime Bank of America employee Larry Kloth assumed new responsibilities. He was named Minnesota State President and Minneapolis-St. Paul Market President, and is Managing Director of the Minneapolis Twin Cities Metro Complex. In this role, Kloth is working across the state, connecting the bank’s offerings to deliver integrated financial services to individuals, families and businesses. He also leads Bank of America’s charitable work in the market, leveraging the bank’s capabilities and resources to help partners, communities, and a broad client and customer base to address a range of important issues.
A native of Bronxville, NY, Kloth graduated from the U.S. Naval Academy and earned his master’s degree in management from the University of Southern California. He joined the company as a financial advisor in 1981, becoming a Certified Investment analyst and Chartered Retirement Planning Counselor. Kloth served in several leadership positions with Merrill Lynch before accepting the position as Twin Cities Complex Director for Merrill Lynch Wealth Management last year. He maintains responsibility for the Minneapolis-St. Paul, Wayzata West and Wayzata East offices in his new role.
Kloth brings outstanding leadership credentials and a history of community service to the market presidency, including involvement with local Rotary Clubs and the Grand Rapids Symphony. “Larry’s range of experience in financial services and demonstrated community involvement will benefit our customers and clients as he takes on this key leadership role,” said Brian Moynihan, Bank of America’s Chief Executive Officer.