Bank of America Opens First Financial Centers in Kentucky
14 June 2021 - 10:00PM
Business Wire
Expansion Further Demonstrates High-Tech,
High-Touch Approach to Client Service
Bank of America today announced it has opened its first
financial centers in Kentucky. The opening of three centers in
Lexington brings retail banking, lending and small business
services to local clients, along with investing and personalized
financial guidance from Merrill. In addition to these newly-opened
centers, Bank of America has added 20 ATMs in the Lexington area
over the last two years, bringing its total to 27 ATMs across the
state. The company plans to add a fourth financial center in
Lexington next year, and is considering additional centers as
well.
“Bank of America has been serving clients in Kentucky for over
40 years through Merrill Lynch Wealth Management, lending to and
supporting the growth of local businesses, and through active
involvement in the communities we serve,” said Felicia Lewis,
regional executive for expansion markets at Bank of America. “Our
new financial centers enable us to deliver high-tech, high-touch
service and a full range of capabilities that can help to further
enhance the financial lives of our clients.”
Clients in Kentucky also have access to Bank of America’s
digital capabilities, which were recently ranked #1 by J.D. Power.
The bank’s digital leadership had also been recognized with more
than 170 awards over the past three years, serving more than 52
million digital clients’ banking, lending and investing needs.
The company’s first financial centers in Lexington are located
at Hamburg Place at 1808 Alysheba Way; North Park at 520 W New
Circle Road; and The Summit at Fritz Farm at 4023 Finn Way. The new
financial centers showcase the latest technology, private offices
to assist clients one-on-one, and on-site specialists including
financial solutions advisors, lending officers and small business
bankers who work as one team to understand a client’s unique
priorities and goals, and to provide personalized guidance.
Since 2016, Bank of America has invested nearly $1.5 million in
greater Kentucky through grants to local nonprofits, employee
matching gifts and scholarship programs. As part of its financial
center openings in Lexington, employees have volunteered with local
organizations, and the bank will make additional grants to God’s
Pantry Food Bank and Habitat for Humanity Lexington.
“We are proud to expand our financial center network into
Kentucky, creating destinations focused on building lifelong
relationships and further delivering for local clients and
communities,” said Aron Levine, president of Preferred and Consumer
Banking & Investments at Bank of America. “This is the latest
example of the ongoing expansion of our financial center and ATM
network, designed to serve more clients in communities across the
country.
Bank of America recently announced that it would raise its
minimum wage to $25 an hour by 2025, up from $20 an hour today. The
company also subsidizes approximately 75% of employee health care
costs, which means Kentucky-area employees will be eligible for the
company’s benefits that have an average value of almost $17,000.
The firm also offers matching 401(k) contributions of up to 5%, and
an annual company contribution of up to 2% of pay after one year
with the company.
“We are committed to being a great place to work, which means
investing in the teams who serve our clients every day,” added
Levine. “That includes providing strong pay and competitive
benefits to our employees and their families – helping us to
attract and retain top talent.”
Bank of America has been recognized by a number of external
organizations, including LinkedIn and Fortune, as the only
financial services company included in Fortune’s “Best Big
Companies to Work For” list for three consecutive years.
Bank of America Bank of America is one of the world’s leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
66 million consumer and small business clients with approximately
4,300 retail financial centers, including approximately 2,700
lending centers, 2,600 financial centers with a Consumer Investment
Financial Solutions Advisor and approximately 2,400 business
centers; approximately 17,000 ATMs; and award-winning digital
banking with approximately 40 million active users, including
approximately 31 million mobile users. Bank of America is a global
leader in wealth management, corporate and investment banking and
trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the
world. Bank of America offers industry leading support to
approximately 3 million small business households through a suite
of innovative, easy-to-use online products and services. The
company serves clients through operations across the United States,
its territories and approximately 35 countries. Bank of America
Corporation stock (NYSE: BAC) is listed on the New York Stock
Exchange.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America newsroom
and register for news email alerts.
www.bankofamerica.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210614005379/en/
Reporters May Contact: Diane Wagner, Bank of America Phone:
312.992.2370 diane.wagner@bofa.com
Andy Aldridge, Bank of America Phone: 980.387.0514
andrew.aldridge@bofa.com
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