Bank of America Expands in Western U.S. | AccountingWEB

Bank of America Expands in Western U.S.

'Invest in the West' is the new motto of Bank of America, which is making efforts to expand its operations in the Western United States.

In fact, the bank is doubling its private banking operations in California, and will open 10 new offices up and down the state by the end of the year. Previously, the bank had only nine offices in California.

Why? The percentage of wealthy customers who live in the state is overwhelming, especially in San Francisco and the Silicon Valley, according to banking officials. Not only is potential for wealthy customers greater in California than in many other markets, but it continuing to grow at a rapid, non-stop pace.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.