Bank of America to Expand Financial Centres Network in Next Four Years

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."

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.

(Source: NS Banking)