Bank of America has named Gabby Hodgson, Merrill market executive, as president of Bank of America Colorado. She succeeds Raju Patel who led the market for the past six years and continues as Global Commercial Banking market executive for Colorado.

As president and head of the market, Hodgson will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank’s eight lines of business. She will oversee the company’s efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen our client relationships.

“Gabby has delivered terrific results for the Merrill team in Colorado, measurably deepening our client coverage efforts, and growing deposits and assets under management,” said Brian Moynihan, Bank of America chairman and chief executive officer. “Gabby is well positioned to continue the success Raju achieved in building the bank’s presence and profile in our first expansion market.”

Hodgson joined the company in 2018 following an 18-year career as a sales executive for top asset management firms. She previously served as the Merrill market executive for Western Pennsylvania before moving to Denver in 2023 and serving on the local leadership team. As Merrill market executive, Gabby leads a team of more than 75 advisors and associates across four offices. She serves on the board of directors of the American Heart Association Colorado.

In his time as president, Raju Patel was instrumental in growing market share and delivering the full breadth of the company to our local clients and community. Under his leadership, the bank opened 32 financial centers, installed 68 ATMs and grew deposits by $2 billion [1]. Actively engaged in the community, Raju serves as board member and chair for various non-profits and civic organizations, and in 2021, he was recognized as a Most Admired CEO by the Denver Business Journal.