Key Takeaways
- • Bank of America appointed Chip McLeod as president of Upstate South Carolina effective June 5, 2026, succeeding Stacy Brandon who retired after 39 years with the company.
- • McLeod, currently a Merrill Lynch Wealth Management senior resident director, brings over three decades of experience in wealth management and financial services, having joined Merrill in 2007.
- • As regional president, McLeod will oversee BofA's market expansion efforts across five counties (Anderson, Greenville, Laurens, Pickens, and Spartanburg) and lead cross-functional collaboration across the bank's eight lines of business.
- • McLeod currently oversees 14 associates in Spartanburg and serves on South Carolina's Council of Advisors on Consumer Credit, demonstrating established community engagement and institutional relationships.
Summary
Bank of America announced the appointment of Chip McLeod as president of Upstate South Carolina on June 5, 2026. McLeod succeeds Stacy Brandon, who led the regional market for more than a decade before retiring from the company following 39 years of service. The transition reflects BofA's leadership refresh strategy in a strategically important regional market.
McLeod brings substantial industry experience to the role. He has spent more than three decades in wealth management and financial services, joining Merrill Lynch in 2007 where he currently serves as a senior resident director. In his Spartanburg-based position, he oversees 14 associates and has developed significant client relationships across the region. Brian Moynihan, Bank of America's chair and chief executive officer, emphasized that "Chip's established leadership and experience will ensure we're delivering on our responsible growth strategy to deepen relationships with clients, the community and teammates."
As regional president and market head, McLeod will be responsible for connecting clients, teammates, and communities to BofA's full service franchise while driving collaboration across the bank's eight lines of business. His mandate includes growing market share in the Upstate region, which encompasses Anderson, Greenville, Laurens, Pickens, and Spartanburg counties. The role requires building strong local connections and identifying opportunities to deepen and expand client relationships across the bank's wealth management, commercial banking, and consumer banking divisions.
Beyond his professional responsibilities, McLeod maintains active civic engagement. South Carolina Governor Hodges appointed him to the Council of Advisors on Consumer Credit in 2001, a position he continues to hold. This background positions him to leverage existing relationships with local institutions, government entities, and community organizations to support BofA's regional growth objectives.
McLeod brings substantial industry experience to the role. He has spent more than three decades in wealth management and financial services, joining Merrill Lynch in 2007 where he currently serves as a senior resident director. In his Spartanburg-based position, he oversees 14 associates and has developed significant client relationships across the region. Brian Moynihan, Bank of America's chair and chief executive officer, emphasized that "Chip's established leadership and experience will ensure we're delivering on our responsible growth strategy to deepen relationships with clients, the community and teammates."
As regional president and market head, McLeod will be responsible for connecting clients, teammates, and communities to BofA's full service franchise while driving collaboration across the bank's eight lines of business. His mandate includes growing market share in the Upstate region, which encompasses Anderson, Greenville, Laurens, Pickens, and Spartanburg counties. The role requires building strong local connections and identifying opportunities to deepen and expand client relationships across the bank's wealth management, commercial banking, and consumer banking divisions.
Beyond his professional responsibilities, McLeod maintains active civic engagement. South Carolina Governor Hodges appointed him to the Council of Advisors on Consumer Credit in 2001, a position he continues to hold. This background positions him to leverage existing relationships with local institutions, government entities, and community organizations to support BofA's regional growth objectives.
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