Floyd Robinson is leaving Bank of America's Dealer Financial Services on a high note.
Robinson, president of the dealer financial division since 2001, has a new Bank of America assignment as president of the consumer real estate division.
“I could not be more proud of the Dealer Financial Services organization, the results we've achieved and the people who made it happen,” says Robinson. “DFS has made tremendous progress in the past three years and achieved industry leadership across the board, making it not only a formidable and respected player in the marketplace, but a strong contributor to Bank of America results as well.”
With Robinson's move, Eric Telljohann, Specialty Group president, and Tim Russi, Auto Group president, add to their responsibilities. They will report directly to Gene Taylor, president of the bank's Commercial Banking.
Russi is overseeing an expansion in the Northeast with operations in nine states and an office in Boston serving as a base of operations.
Until the move, the bank's Auto Group had limited much of its activities to 22 “footprint” states,” mainly in the West and South.
The Auto Group, headquartered in Jacksonville, Fla., is one of the largest providers of commercial and retail financing for the automotive industry in the U.S.
A $20-billion division of the bank, the 70-year-old group has more than 5,000 new-car franchised auto dealer clients.