Area man will lead BoA in NH
An Amherst resident has been named Bank of America’s New Hampshire president.
Ken Sheldon, 49, has been with the company since joining predecessor institution Fleet Bank in 1990. Bank of America purchased Fleet in 2004.
Sheldon is adding the role of state president to his current position as senior credit products officer in the bank’s global commercial banking division. In that role, he works with mid-size businesses in New Hampshire and Vermont on commercial loans.
The job of New Hampshire president has always been a dual role; Sheldon’s predecessor, John Weeks, left the company because the other half of his position, head of Bank of America’s private wealth management group in New Hampshire, was eliminated. Weeks had been state president for more than four years.
About half of Sheldon’s role as state president is overseeing the bank’s charitable work, including philanthropic donations and employee volunteerism. He will be part of a leadership committee that meets once a month to review various charitable, grant and sponsorship requests from local groups and nonprofits.
“Those decisions are all made locally by people who are in-market,” Sheldon said. “It’s a very meaningful part of what the market president is.”
He will also make sure the bank’s approximately 500 New Hampshire employees have access to the bank’s broader resources throughout the country.
Sheldon has a long history of charitable work in New Hampshire.
He has served on the boards of the Boys & Girls Club of Greater Nashua and Friends of Children’s Hospital at Dartmouth. In 2010, he was honored by the Boys & Girls Club of Greater Nashua as “Man of the Year.”
He has also volunteered with New Horizons Soup Kitchen, United Way and the Special Olympics.
Sheldon graduated from Babson College with a bachelor’s degree in finance and math, and earned his master’s degree in business administration from Bentley College.
He lives in Amherst with his wife and two children.
Sheldon began his career in 1983 at Bank of New England. In 1985, he helped the bank open a loan production office in Trafalgar Square in Nashua. It was the bank’s first New Hampshire venture.
Sheldon left Bank of New England in 1990 as the recession that started in the late ’80s began to take its toll on the bank, which was later seized by the FDIC and went bankrupt.
Ashley Smith can be reached at 594-6446 or firstname.lastname@example.org.