Bank of America names new state president for Maine

Bank of America announced it has named a new state president for Maine, Bill Williamson.

According to a BofA statement sent out today, Williamson is a Maine native and Falmouth resident who has been with the company since joining a predecessor institution in 1981.

Williamson is a senior client manager in the bank’s Global Commercial Bank, where he works with public and private companies in Maine, New Hampshire and Vermont.

From the statement:

As state president, Williamson will help integrate Bank of America business lines throughout Maine, allowing the company to reach more individuals, families and businesses while deepening relationships with existing customers. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, and employee volunteerism.

According to Bank of America, Williamson replaces Betsey Timm, who served as state president since 2004, and state president for a predecessor institution beginning in 1998. Timm will retire in June.

Williamson will have a few less branches to oversee, of course. It was announced on April 24 that Camden National Bank was acquiring 15 BofA branches in Maine in a $20 million deal. That was roughly half of Bank of America’s presence in the state.

After that deal closes, Bank of America will be the fifth largest bank in Maine, after TD Bank, KeyBank, Camden National and Bangor Savings, with 5.86 percent market share.