Bank of America (NYSE: BAC) appointed Olena Lifset as its new Oklahoma City president, replacing Tony Shinn who is retiring after 20 years with the company.

Lifset, currently a Global Commercial Banking market executive, will oversee the bank's efforts to grow market share in Oklahoma City and manage collaboration across the company's eight lines of business. She succeeds Shinn, who led the Oklahoma City market since 2008.

"Olena's established leadership and experience will ensure we're delivering on our responsible growth strategy to deepen relationships with teammates, clients and the community," said Brian Moynihan, chair and chief executive officer of Bank of America. "Olena will build on Tony's success and continue to grow our market share in Oklahoma City, delivering the full breadth of Bank of America's capabilities to help our local clients improve their financial lives."

Lifset brings nearly 25 years of experience in commercial banking, capital markets and management consulting. She currently leads a team of commercial banking professionals serving middle market companies across Oklahoma, Arkansas and Louisiana.

She holds a Master of Accountancy from the University of Oklahoma and a Bachelor of Arts in Economics & Business and International Affairs from Lafayette College. Lifset is a CFA charter holder and holds FINRA Series 7, 63, and 24 licenses.

Bank of America operates nine financial centers and 33 ATMs in the Oklahoma City area, managing nearly $4 billion in FDIC-insured deposits across seven counties. The bank extended more than $733 million in loans to Oklahoma City-area businesses and has invested more than $4 million in grants to local nonprofits since 2020.