Bank of America plans to open more than 165 U.S. branches by the end of 2026, the lender said on Monday, as it competes with JPMorgan Chase to add locations.

Bank of America (BAC) said Monday it will open 165 branches by the end of 2026, the latest big US lender to announce more brick-and-mortar locations following a decade of industry retrenchment. Rival JPMorgan Chase (JPM),

While more customers are doing their banking online, bank branches are still being added and renovated for customers to meet in person with bankers.

Bank of America is the latest US lender to double down on its branch network, pledging to open more than 165 "financial centres" by the end of 2026.

The lender’s expansion will include roughly 40 branch openings this year, including its first location in Louisville, Kentucky.

Despite 30 branch closings in the past five years, Bank of America officials say that Connecticut remains an important market for the bank.

Here are three banking actions you'll want to take in person rather than via your laptop or mobile phone. Conducting any prolonged financial activity on a computer, especially your laptop, can expose you to threats in a number of ways. First, if the Wi-Fi connection isn't secure, cyber criminals can easily snatch your information from the internet.

This chart shows the share of U.S. respondents who said the following were their primarily used bank in 2024 (in percent).

The new local branches are among 165 locations Bank of America expects to open across its footprint by the end of 2026.