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BofA to open 500 new branches in 4 years

Published 02/26/2018, 02:17 PM
Updated 02/26/2018, 02:20 PM
© Reuters. FILE PHOTO: A person uses an ATM at a Bank of America location in Pasadena
BAC
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(Reuters) - Bank of America Corp (N:BAC) on Monday said it plans to open more than 500 new branches across the United States over the next four years, as the bank continues to invest in physical and digital enhancements.

The Charlotte, North Carolina-based lender said the latest push includes a move into three Ohio cities - Cincinnati, Cleveland and Columbus.

The growth in the state follows recent expansions in Denver, Minneapolis and Indianapolis and a plan to do similarly in Pittsburgh, the bank said.

© Reuters. FILE PHOTO: A person uses an ATM at a Bank of America location in Pasadena

Apart from the new branches, more than 1,500 existing locations would be redesigned with new technology, furnishings and layouts, Bank of America said.

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