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).