Bank of America to open 500 new US branches

By Pouyan Broukhim

Within its wider strategy expansion strategy of investing into new solutions and capabilities, the Bank of America has revealed that it plans to open 500 additional financial centres across the US over the course of the next four years.

This will include its entry into Ohio, with the bank set to offer retail banking services in Cincinnati, Cleveland and Columbus.

See also:

“The company currently provides commercial and business banking, as well as wealth management services through Merrill Lynch® to more than 775,000 relationships across Ohio,” said Bank of America. “The growth in this state follows recent similar expansions into Denver, Minneapolis and Indianapolis; Bank of America recently announced future plans to expand in Pittsburgh, as well.”

In addition to opening hundreds of new branches, the firm will look to redesign and renovate 1,500 of its existing facilities with new technology and furnishings whilst adding a further 5,400 financial professionals to its workforce in the process.

Alongside financial professionals, Bank of America employs 3,500 digital ambassadors within its branches to aid customers with better understanding and utilising the bank’s digital capabilities.

A total of 160 of these new branches have so far opened, whilst 620 of the renovations have also taken place.


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital