BofA Opens Blaine Financial Center in the Twin Cities

Bank of America celebrated the grand opening of a new financial center in the Twin Cities market. The opening of this center in the city of Blaine further represents Bank of America’s mission to bring retail banking, lending and small business services to local clients, along with investing and personalized financial guidance from Merrill. This opening is part of the company’s plans
to open 150 new financial centers in 2027.

The opening of the new Blaine Financial Center in the Twin Cities builds on Bank of America’s ability to serve nearly 250 million people across more than 200 markets, or approximately 82% of the U.S. population. Bank of America currently operates approximately 3,600 financial centers across the country and currently serves clients through 23 financial centers in Minneapolis/St. Paul and its more than 470 local employees.

“Continuing to modernize our financial centers while expanding our digital capabilities unifies high tech with meeting our clients when, where and how they choose as our network remains a core strategic advantage,” said Lucas Giamebelluca, Bank of America market president.

Last year, Bank of America announced it raised its U.S. minimum hourly to $25 per hour for full-time and part-time employees, bringing the minimum annualized salary for full-time employees to more than $50,000. Also announced was their commitment to increase military and community college hiring, creating 700 financial center jobs in new growth markets across the country. The opening of the Blaine financial center will create new job opportunities to join over 450 current employees in Minnesota who are helping to grow the local economy and strengthen the community.

Clients in the Twin Cities also have access to Bank of America’s industry-leading digital capabilities which serve the banking, lending and investing needs of approximately 60 million verified digital clients. The new financial center showcases the latest technology, private offices to assist clients one-on-one, and on-site financial specialists who work as one team to understand a client’s unique priorities and goals, and to provide personalized guidance.

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 more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital 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. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 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 more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Visit BofA Fast Facts for more information about the company.