Bank of America announced that it has appointed Vaughn Reynolds as president of Bank of America Columbia. In addition, the company has said Kim Wilkerson plans to retire in March after 42 years with the bank and nearly two decades as president of Columbia and South Carolina. In his new role, Reynolds will assume the responsibilities for connecting the banking and investment resources offered through the bank's eight lines of business to people and companies across the region.

Reynolds, who joined Bank of America in 2011, leads financial advisors and their teams in the delivery of comprehensive wealth management advice to individuals, companies and institutions. He has worked alongside Wilkerson as a central member of the Columbia market leadership team for the last three years, most recently serving as market integration executive. Before Bank of America, Reynolds was a corporate attorney specialising in structured finance and capital markets transactions.