Reported 15 days ago
Bank of America (BofA) announced plans to open 165 new branches by the end of 2026, marking a significant shift toward physical locations after a decade of cutbacks in the banking industry. This expansion aligns with trends from other major banks like JPMorgan Chase and PNC Financial Services, as institutions aim to attract new customers and enhance services like wealth management and financial advising. Despite a strong online banking presence, the decision reflects a strategic move to strengthen customer relationships through in-person consultations, especially in newly targeted markets.
Source: YAHOO