DALLAS - Two weeks into a far-reaching staff reorganization, Bank of America Corp. announced changes in its top regional management structure - this time in its 10-state South and Midwest region.
The Charlotte, N.C., banking company said it would move Steven J. Silvestri, formerly based in Phoenix as head of its southwestern banking group, to Dallas, where he will become president of the Texas consumer market.
Bank of America is No. 1 in deposits in Texas. Mr. Silvestri will report to David Darnell, who continues as president of the 10-state central banking group.
In late July Bank of America announced it would eliminate up to 10,000 jobs over the next year, most of them from the ranks of middle and senior managers who had grown in number after years of mergers.
Last week, Bank of America unveiled the reorganization going on within its private bank and in its California region. At least two executives are known to be leaving the private bank, including Kathleen Brown, the former California state treasurer who has had a high profile running the operation on the West Coast.
In Texas, two executives have already announced plans to leave the company: Bob New, head of premier banking, and Bob Scott, a private banking executive. In Oklahoma, state president and small-business banking executive Roger Whaley has also said he plans to leave.
Mr. Silvestri succeeds Guy Bodine 3d, who will run the bank's corporate business in the central states for firms with $1 million to $10 million of revenues. He will relocate to Dallas from San Antonio.
More managerial positions are expected to be eliminated as business-line executives like Mr. Silvestri - who form the top layer of the consumer and commercial bank in the central states - choose their management teams.