Yahaira Placencia

Senior Vice President, Private Client Advisor

Professional Profile

Yahaira (Jay) Placencia is a Senior Vice President and Private Client Advisor with Bank of America Private Bank in Providence, Rhode Island. For nearly two decades, she has been passionate about addressing the needs of small 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 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, serves on the Rhode Island Foundation Impact Investment Board and is a member of its Professional Advisory Council. She is director for the Northern Rhode Island Chamber of Commerce Board and trustee of the University of Rhode Island Foundation, as well as a member of its President’s Advisory Council. She also serves as trustee for the Community College of Rhode Island's Foundation Board and is a board member for the American Heart Association and Trinity Repertory Company.  

A first generation Dominican American, Jay and her partner have two children.

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EXTENSIVE REACH, INNOVATION AND A LEGACY OF TRUST

For more than 200 years, Bank of America Private Bank (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 families, businesses, and institutions achieve their financial objectives. Whether you’re looking to preserve and share wealth, build philanthropic legacies or plan for future growth, our commitment is to make your goals our priority.

At Bank of America Private Bank, we take pride in our history and in serving our clients’ best interests. 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 is on providing today’s clients with disciplined financial strategies and a bridge across generations.