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Bank of America to open, modernize more financial centers and ATMs

Tomi Kilgore

Bank of America Corp. said Friday it will more than double the number of financial centers that will be modernized and will add more than 2,700 "enhanced" ATMs to its network, over the next three years. The bank has modernized 1,000 centers the past three years, and will enhance another 1,500. The bank said it will complete this year upgrading its current network of 16,000 ATMs, that will allow users to choose their mix of bills withdrawn, make credit card payments and to have access with mobile devices. BofA said it plans to open 90 new financial centers this year, and 350 new centers over the next three years. "Although more clients are using our digital banking capabilities, many still visit our centers for in-person conversations about some of their more complex financial needs," said Dean Athanasia, president of consumer and small business. "Our redesigned centers make it easy for them to access banking, lending, small business and investing professionals for tailored solutions and advice on their life priorities and financial goals." The stock, up 0.3% in premarket trade, has rallied 18.3% this year, while the SPDR Financial Select Sector ETF has rallied 11.5% and the Dow Jones Industrial Average has advanced 14.9%.