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2023 Mid-Sized Business Owner Report

Our inaugural Mid-Sized Business Owner Report captures viewpoints on the economy, financing in their businesses, labor, digitization, and more.

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Derrick Benns is a Senior Vice President for the Southern New Jersey Market in Business Banking at Bank of America. In this role, Derrick manages a Portfolio of Business Banking clients with $5 million to $50 million in annual revenues.  He is responsible for leading a team of specialists focused on understanding each client’s unique needs, to deliver strategic financial guidance and solutions. Derrick’s mission is to help local companies thrive by achieving their business goals, no matter how simple or how complex.

With more than 20 years of experience, Derrick joined Bank of America in 2021. Prior to joining Bank of America, he spent the last 16 years at the New Jersey Economic Development Authority, where he was most recently the Director of Business Banking. Throughout his career, Derrick has served mid-sized companies in New Jersey to support their financing needs.

To help create a more sustainable future for the companies and communities he serves, Derrick has volunteered with several nonprofit organizations focused on hunger, most recently New Jersey Farmers Against Hunger, and has also served as President of Recreation Soccer and a youth coach at Mount Laurel United Soccer Association.  

Derrick is a U.S. Army veteran and holds an Associate of Arts and Sciences in Business Administration and Management from Burlington County College. He resides in Mount Laurel, New Jersey.


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Meet the Team

With access to the global resources of Bank of America, our team is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.

Renee Prutzman


Sales Support Associate

Frederick Mills

Vice President

Lending Officer

LaToya Davis


Commercial Credit Specialist

Kate Hornigold

Vice President

Treasury Sales Officer

Bank of America Business Banking

As you work to take your business to the next level in an environment where business and technology sophistication are critical to having a competitive edge, you need a local banking partner who has your long-term interests at heart.

Bank of America is that local advocate. We work closely with you to understand your business goals. We then draw on our Bank wide resources, technology and experience to generate ideas and solutions that will propel your business further.

With Bank of America Business Banking by your side, you can be assured your business has the power to grow and thrive.

You can benefit from:

Local Relationship Managers who are your advocates and bring the Bank’s resources to you as a seamlessly integrated, dedicated team

Comprehensive commercial banking platform with full range of products and technology, backed by Bank of America’s strength and stability

Access to bank-wide services beyond business banking, to manage both your business and personal wealth

Let's have a conversation.

There is no substitute for a one-on-one relationship with a Bank of America relationship manager who is committed to your needs. Request an appointment today.