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2024 Business Owner Report

This year’s survey explores the perspectives, aspirations and outlooks of small and mid-sized business owners across the U.S.

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Rachel Foley is a Vice President and Relationship Manager for the Greater Mid-South Market in Commercial Banking at Bank of America. In this capacity, her responsibilities include leading a team of specialists focused on understanding each client’s unique needs to deliver strategic financial guidance and solutions. Rachel's mission is to help local companies thrive by achieving their business goals, no matter how simple or how complex.

Bringing 20+ years of experience, Rachel joined Bank of America Global Human Resources in 2002. She has also served as a Client Support Specialist in the Middle Market segment where her focus was industry research, onboarding clients and managing risk activities.

Throughout her banking career, Rachel has served mid-sized companies throughout Tennessee, Kentucky and Mississippi areas to support their commercial banking needs.

Rachel partners with her Memphis Market President to volunteer for the Mid-South Food Bank, Wolf River Conservancy and other not-for-profit organizations. Rachel is a member of the Bank's IGEN (Intergenerational) Network, LEAD for Women, Power of Ten and the My Environment Network.

Rachel received her Bachelor's of Science degree from Lees McRae College and resides in Memphis, TN with her family.


    • Agriculture
    • Transportation
    • Manufacturing
    • Not-for-profit
    • Waste Management
    • Emerging Growth Companies

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.

Patricia Monasterio


Sales Support Associate

Marcy Wenzler

Vice President

Treasury Sales Officer

Andy Martin

Senior Vice President

Lending Officer

Donna Thompson

Treasury Sales Analyst

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.