Bank of America announced today it will open its first full-service financial centers in Pittsburgh, bringing retail banking services to new and existing clients in the area. The company has signed leases in three locations across the region, including South Hills, East Side and Wexford. Additional locations, Advanced Centers and stand-alone ATMs are scheduled to open over the next few years.
Bank of America has a long-standing history of serving the Pittsburgh community. The company currently provides commercial and business banking, as well as wealth management services through Merrill Lynch, to more than 210,000 Pittsburgh-based clients. The Pittsburgh area presents an exciting opportunity to build on an existing client base and develop relationships with new clients by connecting them with a greater variety of financial services.
“The decision to open financial centers here is an important demonstration of our commitment to Pittsburgh,” said Brian Ludwick, Pittsburgh market president. “These centers will provide new customers and our existing banking, investment and commercial clients access to all the capabilities Bank of America Merrill Lynch has to offer. Seamlessly integrated with our top-ranked digital offerings, the physical presence of these new financial centers will provide our clients both the high-tech and high-touch experience that we always strive to create for them.”
The new financial centers will serve as destinations for clients when they need help managing their finances. The financial center design includes dedicated space to assist clients one-on-one. On-site specialists, including Merrill Edge financial solutions advisors, and Bank of America mortgage loan officers and small business bankers, will work together as one team to understand a client’s unique circumstances and personal goals and provide the tailored solutions they need. All locations will offer the latest in digital banking technology to make the experience as convenient for clients as possible, while also offering easy access to a team of client professionals who can provide advice on clients’ life priorities and goals.
Ludwick added, “We are pleased to serve new and existing clients in the Pittsburgh area and look forward to helping them prepare for and respond to their various life priorities.”
The new financial centers will open in South Hills, Pittsburgh at 1801 Washington Road; East Side, at the southeast corner of Baum Boulevard and S. Euclid Avenue; and in Wexford on Perry Highway. The South Hills and Wexford locations will be the first to open in late 2018.
Bank of America’s arrival in Pittsburgh reflects the bank’s continued investment in its financial center and ATM network for its clients across the U.S. The bank continues to enhance its financial center presence nationwide to meet client demand, recently building its retail presence in new markets such as Indianapolis, and adding financial centers in existing markets such as Denver and Minneapolis.
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 47 million consumer and small business relationships with approximately 4,500 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 35 million active users and more than 24 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 owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center™ (investment guidance) and self-directed online investing.
Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer and member SIPC, and other subsidiaries of Bank of America Corporation (“BofA Corp.”).
Banking, mortgage and home equity products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp.
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Reporters May Contact:
Trevor Koenig, Bank of America