By Chris Wack

Bank of America (BAC) said Friday that it is speeding up its financial center and ATM network expansion and modernization efforts, including moving into new markets.

The Charlotte-based financial institution said in a release that it has modernized more than 1,000 financial centers over the last three years, and will modernize an additional 1,500 over the next three years.

The company said the centers are being renovated with new technology and layouts that create a more interactive, inviting and comfortable atmosphere for clients whose needs often go beyond routine transactions.

Bank of America has opened 150 new financial centers over the last three years, and will open more than 350 over the next three years, including 90 this year, with many in new markets.

The company also plans to expand into Cleveland, Ohio, and Lexington, Ky., next year. The move is expected to create nearly 5,500 jobs.

The company also announced plans to add more than 2,700 enhanced ATMs to its network over the next three years.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 05, 2019 09:44 ET (13:44 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Bank of America (NYSE:BAC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Bank of America Charts.
Bank of America (NYSE:BAC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Bank of America Charts.