STOCK TITAN

BofA to Open More Than 165 Financial Centers by End of 2026

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Bank of America (BAC) has announced plans to open more than 165 new financial centers across 63 markets by the end of 2026, continuing its decade-long expansion strategy. This includes nearly 40 centers in 2024 alone. The bank is also expanding into Louisville, Kentucky, with plans for five centers there by the end of 2025.

Since 2014, BofA has invested over $5 billion in its financial center expansion. The company has also completed renovations of more than 3,000 existing centers, focusing on creating meeting spaces for in-depth financial discussions and improving technology access.

Despite 95% of client interactions occurring on digital platforms, BofA reports nearly 10 million appointments with financial specialists in centers over the past year. The bank now provides banking access to 246 million people across more than 200 markets, covering over 75% of the U.S. population.

Bank of America (BAC) ha annunciato l'apertura di più di 165 nuovi centri finanziari in 63 mercati entro la fine del 2026, continuando la sua strategia di espansione decennale. Questo include quasi 40 centri solo nel 2024. La banca sta anche espandendo la sua presenza a Louisville, Kentucky, con piani per cinque centri entro la fine del 2025.

Dal 2014, BofA ha investito oltre 5 miliardi di dollari nell'espansione dei centri finanziari. L'azienda ha anche completato ristrutturazioni di oltre 3.000 centri esistenti, concentrandosi sulla creazione di spazi di incontro per discussioni finanziarie approfondite e sul miglioramento dell'accesso alla tecnologia.

Nonostante il 95% delle interazioni con i clienti avvenga su piattaforme digitali, BofA riporta quasi 10 milioni di appuntamenti con specialisti finanziari nei centri nell'ultimo anno. La banca ora offre accesso ai servizi bancari a 246 milioni di persone in oltre 200 mercati, coprendo oltre il 75% della popolazione statunitense.

Bank of America (BAC) ha anunciado planes para abrir más de 165 nuevos centros financieros en 63 mercados para finales de 2026, continuando con su estrategia de expansión de una década. Esto incluye casi 40 centros solo en 2024. El banco también se está expandiendo a Louisville, Kentucky, con planes para cinco centros allí para finales de 2025.

Desde 2014, BofA ha invertido más de 5 mil millones de dólares en la expansión de sus centros financieros. La compañía también ha completado renovaciones de más de 3,000 centros existentes, enfocándose en crear espacios de reunión para discusiones financieras en profundidad y mejorar el acceso a la tecnología.

A pesar de que el 95% de las interacciones con los clientes ocurren en plataformas digitales, BofA informa que ha tenido casi 10 millones de citas con especialistas financieros en los centros durante el último año. La banca ahora proporciona acceso bancario a 246 millones de personas en más de 200 mercados, cubriendo más del 75% de la población de EE. UU.

Bank of America (BAC)는 2026년 말까지 63개 시장에서 165개 이상의 새로운 금융 센터를 열 계획을 발표하며 10년간의 확장 전략을 지속하고 있습니다. 이는 2024년 단독으로 거의 40개의 센터를 포함합니다. 또한 은행은 켄터키주 루이빌로 확장하여 2025년 말까지 그곳에 5개의 센터를 세울 예정입니다.

2014년 이후 BofA는 50억 달러 이상을 금융 센터 확장에 투자했습니다. 회사는 또한 3,000개 이상의 기존 센터 개보수를 완료하였으며, 심층적인 금융 논의를 위한 회의 공간을 만들고 기술 접근성을 개선하는 데 중점을 두고 있습니다.

고객 상호작용의 95%가 디지털 플랫폼에서 이루어지지만, BofA는 지난 한 해 동안 센터에서 금융 전문가와 거의 1,000만 번의 예약이 있었다고 보고했습니다. 이 은행은 이제 200개 이상의 시장에서 2억 4천6백만 명에게 은행 접근을 제공하며, 이는 미국 인구의 75% 이상을 포함합니다.

Bank of America (BAC) a annoncé des projets pour ouvrir plus de 165 nouveaux centres financiers dans 63 marchés d'ici la fin de 2026, poursuivant ainsi sa stratégie d'expansion de dix ans. Cela comprend près de 40 centres rien que pour 2024. La banque s'étend également à Louisville, Kentucky, avec des plans pour cinq centres d'ici la fin de 2025.

Depuis 2014, BofA a investi plus de 5 milliards de dollars dans l'expansion de ses centres financiers. L'entreprise a également terminé les rénovations de plus de 3 000 centres existants, en se concentrant sur la création d'espaces de rencontre pour des discussions financières approfondies et en améliorant l'accès à la technologie.

Bien que 95 % des interactions clients se déroulent sur des plateformes numériques, BofA rapporte près de 10 millions de rendez-vous avec des spécialistes financiers dans ses centres au cours de l'année écoulée. La banque offre désormais un accès bancaire à 246 millions de personnes dans plus de 200 marchés, représentant plus de 75 % de la population américaine.

Die Bank of America (BAC) hat Pläne angekündigt, über 165 neue Finanzzentren in 63 Märkten bis Ende 2026 zu eröffnen und damit ihre seit einem Jahrzehnt bestehende Expansionsstrategie fortzusetzen. Dazu kommen fast 40 Zentren allein im Jahr 2024. Die Bank expandiert auch nach Louisville, Kentucky, mit Plänen für fünf Zentren dort bis Ende 2025.

Seit 2014 hat BofA über 5 Milliarden Dollar in die Expansion ihrer Finanzzentren investiert. Das Unternehmen hat außerdem Renovierungen von mehr als 3.000 bestehenden Zentren abgeschlossen und konzentriert sich darauf, Besprechungsräume für vertiefte Finanzgespräche zu schaffen und den Zugang zur Technologie zu verbessern.

Trotz der Tatsache, dass 95% der Kundeninteraktionen über digitale Plattformen stattfinden, berichtet BofA von fast 10 Millionen Terminen mit Finanzspezialisten in den Zentren im vergangenen Jahr. Die Bank bietet nun 246 Millionen Menschen in über 200 Märkten Zugang zu Bankdienstleistungen, was mehr als 75% der US-Bevölkerung entspricht.

Positive
  • Expansion of 165+ new financial centers by 2026, increasing market presence
  • Investment of over $5 billion in financial center expansion since 2014
  • Renovation of 3,000+ existing centers to improve client experience
  • 10 million client appointments with financial specialists in the past year
  • Coverage of 75% of U.S. population, serving 246 million people across 200+ markets
  • Record levels of assets in Consumer Investments business
Negative
  • None.

Continuing its decade-long expansion, company opens first financial center in Louisville, Kentucky – with plans for five there over the next year

Since 2014, BofA has invested over $5 billion in financial center expansion

CHARLOTTE, N.C. , Sept. 23, 2024 /PRNewswire/ -- Over the last 10 years, Bank of America has been expanding its financial center network, opening locations nationwide in new and existing markets. The bank is on track to open more than 165 new centers across 63 markets by the end of 2026, including nearly 40 this year. This is in addition to the more than 100 centers the company opened over the last two years.

"We are reaching more and more clients through the expansion and modernization of our financial centers," said Aron Levine, President of Preferred Banking at Bank of America. "While most clients are using our digital capabilities for their everyday banking, they are visiting our centers for in-person conversations about their more complex financial needs and advice on their life priorities and financial goals."

Open in Louisville

Bank of America is continuing to expand its retail banking presence in Kentucky, with the opening of its first Louisville-area financial center today and a second center set to open on Oct. 7.  In total, the company plans to open five financial centers in the Louisville market by the end of 2025.   

The bank's first financial center in Kentucky opened in Lexington in 2021. This latest expansion will bring its total number of financial centers in the state to 10 by the end of 2027. Bank of America currently serves nearly 95,000 consumer and small business clients throughout Kentucky through existing centers, along with clients of its well-established Merrill Wealth Management business, and corporate and business banking clients.

"We are thrilled to be expanding our presence in the Bluegrass state by opening our first financial centers in Louisville," said Felicia Lewis, Division Executive, Southeast at Bank of America. "By expanding our capabilities in this market, we are able to better serve clients, and further drive local community growth and development."

Ongoing Expansion and Investment

Bank of America's financial center expansion began in 2014, and over the last 10 years, the company has invested more than $5 billion in its centers. Later this year, the bank will celebrate the 10-year anniversary of its first financial center opening in Colorado – where it now has 32 centers– and the five-year anniversary of its first center in Ohio, where it now has 54 centers.

Earlier this year, the bank completed renovating and modernizing its financial centers across the country. Through this effort, more than 3,000 existing centers were renovated with a focus on creating offices and meeting spaces for clients to talk with financial specialists; making state-of-the-art technology easier to access at the front of the centers; and ensuring clients have a consistent, modern experience inside every center.

As part of these renovation efforts and a partnership with ArtLifting, over 1,500 financial centers now feature artwork by artists living with disabilities or impacted by housing insecurity.

Following Bank of America's entry into Louisville this year, the company also plans to open its first financial centers in Boise, Idaho, in early 2025.

Financial Centers Align to Client Behavior

With more than 95% of client interactions taking place on the bank's digital platform, Bank of America has adapted its financial centers to focus on meeting spaces where clients can have in-depth conversations about their finances.

In the past year, clients have made nearly 10 million appointments with financial specialists in financial centers. Nearly 20% of these appointments have been meetings between clients and Financial Solutions Advisors to discuss investing. This has helped drive assets in the Bank of America Consumer Investments business to record levels.

Through its financial center and ATM networks, Bank of America provides banking access to 246 million people across more than 200 markets, or more than 75% of the U.S. population. Approximately 30% of the bank's financial centers are in low- and moderate-income communities.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters May Contact: 
Andy Aldridge, Bank of America
Phone: 1.980.387.0514
andrew.aldridge@bofa.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bofa-to-open-more-than-165-financial-centers-by-end-of-2026-302255073.html

SOURCE Bank of America Corporation

FAQ

How many new financial centers will Bank of America (BAC) open by 2026?

Bank of America plans to open more than 165 new financial centers across 63 markets by the end of 2026.

What is Bank of America's (BAC) expansion plan for Louisville, Kentucky?

Bank of America plans to open five financial centers in the Louisville market by the end of 2025, with the first center opening on September 23, 2024.

How much has Bank of America (BAC) invested in its financial center expansion since 2014?

Bank of America has invested more than $5 billion in its financial center expansion since 2014.

What percentage of Bank of America's (BAC) client interactions occur on digital platforms?

More than 95% of Bank of America's client interactions take place on the bank's digital platform.

How many appointments did Bank of America (BAC) clients make with financial specialists in the past year?

Bank of America clients made nearly 10 million appointments with financial specialists in financial centers over the past year.

Bank of America Corporation

NYSE:BAC

BAC Rankings

BAC Latest News

BAC Stock Data

355.06B
7.67B
10.07%
61.64%
0.78%
Banks - Diversified
National Commercial Banks
Link
United States of America
CHARLOTTE