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Bank of America plans new branches in Wisconsin, Alabama, New Orleans

Reuters
Bank of America plans new branches in Wisconsin, Alabama, New Orleans

NEW YORK, Oct ‌28 (Reuters) - Bank of America plans to open 19 branches ​in ‌Wisconsin by 2030, creating 130 jobs, ‌it said on Wednesday, and is on course to open ‌50 branches a year across the US.

* BofA also plans to open 10 branches in Birmingham, Alabama, from ⁠the first quarter of 2027, ‌and expand in ⁠Greater New Orleans in the second ​half of 2027

* "We continue to strategically enhance and expand our ​branch network, really trying to ​reach ‌more of the US population," Holly ​O'Neill, president of the bank's ⁠consumer, retail and preferred ‌banking, told ​Reuters

* "We choose these ​markets based on their growth dynamics, their population, and our opportunity to grow the business," she said

* ‌The bank has 3,500 branches or financial centers that cover ‌83% ​of the US population. Since 2016, Bank of America has invested more than $5 billion in branches

(Reporting by Saeed ‌Azhar; Editing by Alexandra Hudson)