Bank of America Vice President Erin Piacenti was killed during a stabbing attack in New York City’s Times Square on Monday.

The New York City Police Department (NYPD) identified Piacenti, 32, of Chester, New Jersey, as the deceased victim.

Bank of America acknowledged Piacenti’s death in an email obtained by Reuters.

"We are shocked and deeply saddened by the tragic loss ​of our colleague. She was a ​valued teammate who will be greatly ⁠missed. Our hearts go out to her ​family and all of her loved ones," the bank wrote in the email.

Piacenti was one of two people stabbed in the attack, the other being a 68-year-old man who is now in stable condition, according to the NYPD.

Times Square, one of New York City’s busiest tourist and commercial areas, was the scene of a police response that unfolded within minutes after a 911 call shortly before 4:30 p.m. on Monday. NYPD officers found a 49-year-old woman wielding two knives in the area.

The NYPD identified her as Pamela Cisneros, of Queens, New York. Officers shot Cisneros, who was later pronounced dead at the hospital, the department said.

A witness told investigators that Cisneros pulled two butcher knives from a red Target bag and waved the blades at the 68-year-old man before stabbing him in the abdomen. The two stabbings occurred within 20 seconds of each other, NYPD Commissioner Jessica Tisch said during a Monday press conference.

Tisch also called the stabbing spree a "random and unprovoked attack."

Officers entered into a tense standoff with Cisneros before ultimately shooting her, Tisch said.

During the four-minute standoff, officers repeatedly warned her to drop the weapons, to which she replied, "I’m not dropping anything. I would rather kill both of you," Tisch said.

Cisneros then allegedly began advancing toward the officers while waving her knives. Officers deployed tasers, which did not stop her advance, Tisch said. Two officers then fired their weapons, striking Cisneros.

"Our officers were confronted with a rapidly evolving threat, with countless innocent people around them," Tisch said. "In that moment, they did what we train them to do."

Tisch said Cisneros had no criminal record, but did have multiple police interactions involving mental health episodes.

"One life cut far too short by a senseless act of violence," Tisch said. "There are family members and loved ones who are now confronting the unimaginable loss, and our hearts are with them," she added.

Fox News Digital’s Stepheny Price contributed to this report.