Bank of America to Open 500 U.S. Branches, Expand Into Ohio
- Offices good for client chats, not ‘grandiose,’ executive says
- Branch network could shrink anyway as closures possible
This article is for subscribers only.
Bank of America Corp. plans to open 500 branches across the U.S. during the next four years, including an expansion of its retail business into Ohio.
Consumer-banking services will be available in Cincinnati, Cleveland and Columbus, Ohio, the Charlotte, North Carolina-based firm said Monday in a statement. The bank plans to hire more than 5,400 workers as part of the expansion. It had 4,470 U.S. branches and a workforce of 209,000 at year-end.