Yahaira (Jay) Placencia is a Senior Vice President and Private Client Advisor with Bank of America Private Bank in Providence, Rhode Island. For over two decades, she has been passionate about addressing the needs of business owners, entrepreneurs and non-profit organizations.
From helping to grow a business, to realizing its value through a sale, Jay and her team can connect business owners to the resources and capabilities that align with their unique needs. Together, they look to uncover possible efficiencies in investment management, business succession planning, tax minimization strategies, liquidity-event planning, and credit and lending strategies. Jay also harnesses her deep experiences and passion to assist non-profit organizations — on both the board and committee member levels — to help further their missions.
Since joining Bank of America’s business banking division in 2000, Jay has held various roles, including senior client manager. Her responsibilities included oversight of key commercial client relationships and development of strategies to support for-profit and not-for-profit organizations. She joined Bank of America Private Bank (formerly U.S. Trust) in 2014. Jay began her career in banking in 1993 working for a local non-traditional lender. She earned her B.B.A. from the University of Rhode Island, while working full-time.
With a deep commitment to her community, Jay is a member of the Rhode Island Commodores and a member of the Board of Trustees for the University of Rhode Island Board - her alma mater. She also serves as Chair of the Community Advisory Board for the United Way of Rhode Island and is a board member for Neighborhood Health Plan of RI.
A first generation Dominican American, Jay has two children - Imani (21) and Jaden (16).
For more than 200 years, Bank of America Private Bank has helped clients navigate the complex challenges of managing significant wealth. We draw on the Private Bank's personalized approach, as well as the resources of Bank of America, to help individuals and familieis, businesses, and institutions achieve their financial objectives. Whether you're looking to preserve and share wealth, build philanthropic legacies or plan future growth, our commitment is to making your goals our priotity. At Bank of America Private Bank, we take pride in our history and in serving our clients' best interest. We also value the continual pursuit of innovation in a constantly transforming world. We apply this perspective to help our clients anticipate and respond to evolving markets, changing environments and the growing complexities of the financial landscape. Mindful of the past, our focus in on providing today's clients with disciplined financial strategies and a bridge across generations.