Bank of America’s branch expansion could play well with wealth management customers

The news: Bank of America (BofA) said it plans to open more than 165 financial centers by the end of 2026, including nearly 40 this year. These physical locations are intended to help facilitate in-person conversations with customers who have more “complex financial needs.” 

How we got here: This move won’t surprise those who have been watching BofA’s long-term expansion strategy play out. 

• Last year, BofA announced it would add branches in certain markets, including Kentucky, where it just opened its first Louisville-based financial center.