Bank of America plans to open 165 new branches in the US by 2026, shifting towards in-person banking services.
Bank of America plans to open over 165 new branches across the U.S. by the end of 2026, with 40 set to launch this year. This expansion marks a shift toward in-person banking services, including mortgages and investments, amid a competitive landscape with rivals like JPMorgan Chase. Despite a decline in its overall branch count since 2014, BofA has invested $5 billion in its financial centers to enhance customer offerings.
September 23, 2024
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