Finance

Bank of America Plans 150 New Locations Over Three Years

A Bank of America branch in New York on April 8.Photographer: Bing Guan/Bloomberg
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Bank of America Corp. plans to open more than 150 new financial centers by the end of 2027 as the second-largest US bank pushes further into growing markets.

The lender will open 40 new branches — what it calls financial centers — this year and an additional 70 in 2026, according to a statement Tuesday. Bank of America has invested more than $5 billion in its financial centers, both opening new branches and renovating existing locations, since 2016, according to the statement.