The bank will open financial centres in Omaha, Louisville, Boise, Birmingham, Madison, New Orleans, Milwaukee, Dayton and Huntsville to consolidate its banking, investing, retirement, lending and small business services and solutions
Bank of America financial center. (Credit: Bank of America, N.A.)
Bank of America has unveiled its plans to open new financial centres in Nebraska, Wisconsin, Alabama, and Louisiana, as part of its expansion into new markets over the next four years.
The bank will open financial centres in nine new markets, including Omaha, Louisville, Boise, Birmingham, Madison, New Orleans, Milwaukee, Dayton and Huntsville.
Through the expansion, the US-based investment bank aims to bring banking, investing, retirement, lending and small business services and solutions to more clients and communities.
The company will operate financial centres in more than 200 markets across 39 states.
Bank of America CEO Brian Moynihan said: “As part of our high tech and high touch approach, we continue to invest in digital capabilities, and to modernise our financial centres to reach more clients and meet their evolving needs.
“By expanding our capabilities in these markets, we are able to better serve clients, and help drive local community growth and development.”
As part of the expansion, Bank of America will open two financial centres in Omaha this year, with plans to open a total of five locations by 2025.
The bank will open five financial centres in Louisville by 2024, and its first financial centre in Birmingham in 2024, with plans to open five by the end of 2026.
The US lender will open financial centres in Boise, with plans to open four total locations.
Bank of America plans to open three financial centres in Madison in 2025, open its first centre in New Orleans, with plans for five locations in 2025.
Following its expansion into Madison, the company will open five financial centres in Milwaukee in 2025 and open its first financial centre in Dayton and Huntsville by 2026.
Bank of America will complete its ongoing, three-year project to revamp its financial centres across the country by the end of this year.
The company opened 58 new financial centres last year and plans to open more than 55 new locations across 34 markets, this year.
In the past 10 years, the bank expanded its network into nine cities, Denver, Minneapolis, Indianapolis, Pittsburgh, Salt Lake City, Columbus, Cincinnati, Cleveland, and Lexington.
Bank of America preferred banking president Aron Levine said: “Our financial canter strategy is designed to serve our clients when, where and how they choose to manage their financial lives.
“Although more clients are using our digital banking capabilities, many still visit our centres for in-person conversations about some of their more complex financial needs.
“Our redesigned centres make it easy for them to meet with professionals for tailored solutions and advice on their life priorities and financial goals.”