Bank of America names Homeyer Springfield president

Homeyer, 35, previously served as senior vice president. He succeeds Rob Bratcher, who is relocating with Bank of America to Houston, Texas.

In addition to his role as president, Homeyer is senior client manager for commercial banking at Bank of America’s southwest Missouri office, conducting financial consultation for clients with annual revenues of $20 million to $2 billion.

Homeyer said his new position differs from a traditional bank president role, as he won’t directly manage associates or make personnel decisions.

“I will focus my energy on pulling our local teams together to ensure we are doing all we can to deliver for our clients and drive growth in Springfield,” Homeyer said.

He also will allocate Bank of America’s foundation and sponsorship budgets throughout his area, which stretches to Rolla to the northeast, Nevada to the northwest, West Plains to the southeast and the borders of Arkansas and Kansas.

“Michael Homeyer is an experienced banker who will be an effective champion for business growth, community investment and neighborhood vitality in Springfield,” said Bank of America Missouri President Patricia Mercurio in a news release. “Springfield is a key market for Bank of America.”

Homeyer said his goals include delivering double-digit earnings-per-share growth for shareholders and continuing “to accelerate our growth in Springfield and southwest Missouri.”

Homeyer, who has a bachelor’s degree in economics and business administration from Drury University and a master’s in business administration from St. Louis University, joined Bank of America in 2003. He is a member of the board of directors of the Springfield Finance and Development Corp. and of Drury University’s SIFE advisory board. In 2005, he was named one of SBJ’s 40 Under 40 honorees.

Bank of America (NYSE:BAC) closed May 16 at $49,64. Earlier this month, Bank of America reported first-quarter earnings of $5 billion, a 14 percent year-over-year increase that the company attributed to a rebound in trading account profits and equity investment gains.