Bank of America Expands Branch Network Nationwide
The bank plans to add 50 locations annually, increasing physical access for customers across the country.
Updated on Oct. 28, 2026 in Banking
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Bank of America is expanding its physical presence across the United States as part of a long-term strategy to reach more customers. The financial institution currently serves 83% of the U.S. population and is actively growing its national footprint with dozens of new branch openings scheduled annually.
Why it matters
The expansion reflects a continued corporate investment in physical infrastructure to maintain consumer access to banking services. For households, this physical growth strategy increases the likelihood of having in-person access to financial professionals and local account services within their own community.
Bank of America has invested $5 billion into new and renovated branches since 2016, with plans to add approximately 50 new locations every year. These facilities currently serve 83% of the U.S. population through nearly 3,500 branches.
The players
Bank of America
A national financial institution that provides consumer banking, lending, and credit services to household customers.
The details
The bank is executing its growth strategy by systematically adding new locations and renovating existing facilities to broaden its market reach. This ongoing investment includes entering new regional markets with specific branch count targets, such as adding 19 locations in Wisconsin by 2030 and debuting in Alabama and Greater New Orleans in 2027. These local hubs are designed to provide localized banking services, including the addition of new professional roles to support customer financial needs.
Timeline
Since 2016, the bank has invested $5 billion into its branch network.
Bank of America will enter Alabama and Greater New Orleans in 2027.
The institution plans to complete 19 new locations in Wisconsin through 2030.
Money Landscape
This development follows the industry trend of large banks balancing digital banking tools with a physical branch presence. It represents a departure from recent years of widespread branch closures, signaling that many institutions are now prioritizing geographic coverage.
If you prefer in-person banking for complex financial discussions, monitor the bank's local expansion notices to see if a new branch is coming to your area. Having a local branch can provide direct access to services like notary assistance or physical document processing that digital-only options may not support.
The takeaway
Large financial institutions are placing renewed importance on physical accessibility even in a digital-first environment. Households should keep an eye on upcoming branch openings in their region to see if in-person service options become more convenient for their specific needs.
Further reading
For more information on how national bank strategies affect local service access, visit the Banking section.
Source note: This article includes information reported by ATM Marketplace.
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