Bank of America plans to expand its retail banking network into seven new U.S. markets — including New Orleans, Milwaukee, Madison, Wisconsin, Birmingham, Alabama, and Boise, Idaho — even as it continues to reduce its total branch count.
The nation’s second-largest bank by assets currently operates in 83 of the top 100 markets, and it plans to increase that number to 90 by the end of 2025, said Aron Levine, the company’s president of preferred banking, in remarks Monday at an industry conference.
Levine did not name two of the seven markets that BofA plans to enter, and a BofA spokesperson declined to comment.
