Richard Rosenberg Obituary, Death Cause – A short while ago, Richard Rosenberg, who had been the Chief Executive Officer of Bank of America Corporation throughout the 1990s, passed suddenly. He was 92. Rosenberg passed away on Friday, March 3, 2018, according to a statement that was issued by the lending institution. From 1990 until the time of his retirement in 1996, he worked for the financial institution that was known as BankAmerica Corp. at the time. At that time, he held the positions of both chief executive officer and chairman.
Rosenberg was employed in 1987 to lead the bank’s operations in California, and it is credited to him that he helped turn the company around after it had experienced a loss of $1.8 billion in the previous year. In 1987, Rosenberg was hired to run the bank’s operations in California. Around the time when Rosenberg decided to retire, the size of the financial institution had more than doubled, reaching a total of $225 billion in assets, as stated by the firm.
The bank was able to successfully accomplish a number of mergers and acquisitions thanks to Rosenberg’s direction. Among these are the transactions involving Valley Bank in Nevada, Security Pacific National Bank, and Continental Illinois.
Rosenberg served in the United States Navy for a number of years before establishing a career in banking. During his time in the military, he was called to active duty during both the Korean War and the Vietnam War. Over the course of his time spent serving in the United States Naval Reserves, he eventually worked his way up to the post of commander.
After serving his time in the navy, Rosenberg found employment initially with Crocker-Anglo Bank as a payroll services guy, and then with Wells Fargo after that. Wells Fargo recognized his dedication to the company by promoting him to the rank of vice chairman after he had been there for a total of 22 years.