BOA to Add 110 New Branches
Bank of America, one of the nation’s biggest banks, is planning to add another 110 new domestic branches by the year 2010.
Candice Schneider, the Chief Operating Officer of BOA, gave an outline of their future plans at a conference for investors in Los Angeles yesterday. This announcement makes BOA the fifth of the five largest banks to unfold its plan for American (7) ……………….. in recent months.
Schneider was spotted relating a message to delegates at the AEBA World Market conference saying, “Our main focus is on our metro Los Angeles market, and we plan to open (8) ……………….. to another 50 branch offices before the end of 2007.” BOA’s network of domestic branch stands at 1,110 at the end of June, up from 1,099 in January 2006.
Last month, (9) ……………….. CITI confirmed that it will take action by strengthening its domestic operations by moving, expanding, or building 70 branches in the downtown areas of California, New York, and Illinois between 2007 and 2011.