Bank of America plans to open over 150 new financial centers in 60 markets by the end of 2027. This year, 40 centers are set to open, with an additional 70 expected in 2026. Since 2016, the bank has invested more than $5 billion into its network of financial centers, focusing on both new openings and renovations.
Holly O’Neill, President of Consumer, Retail and Preferred at Bank of America, stated, "Our continued investment in our financial center network reflects our commitment to meeting our clients where they are and how they want to bank with us." She added that the goal is to create spaces where financial specialists can assist clients in achieving their financial goals.
In addition to expanding its physical presence, Bank of America provides various services through its affiliates. Merrill Lynch, Pierce, Fenner & Smith Incorporated offers investment products and advisory services as a registered broker-dealer and investment adviser. Insurance products are provided through Merrill Lynch Life Agency Inc., both wholly-owned subsidiaries of Bank of America Corporation.
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The bank's name is used globally for its banking operations by affiliates under Bank of America Corporation. Different entities within the corporation perform lending, derivatives, commercial banking activities, as well as securities and strategic advisory services worldwide.
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