Bank of America opens first Kentucky locations

LEXINGTON, Ky. (WTVQ) – Bank of America has opened three new financial centers in the Commonwealth. These branches will provide retail banking, lending and small business services to local clients and investing and personalized financial guidance from Merrill.

Over the last two years, the number one ranked bank by J.D. Power has added 20 ATMs in the Lexington area bringing its total to 27 ATMs statewide.

Plans are in motion to add a fourth financial center in Lexington next year, along with other locations.

“Bank of America has been serving clients in Kentucky for over 40 years through Merrill Lynch Wealth Management, lending to and supporting the growth of local businesses, and through active involvement in the communities we serve,” said Felicia Lewis, regional executive for expansion markets at Bank of America. “Our new financial centers enable us to deliver high-tech, high-touch service and a full range of capabilities that can help to further enhance the financial lives of our clients.”

These new banking centers are located at Hamburg Place at 1808 Alysheba Way; North Park at 520 W New Circle Road; and The Summit at Fritz Farm at 4023 Finn Way.

Bank of America has invested almost $1.5 million in the state since 2016 through grants to local nonprofits, employee matching gifts and scholarship programs. Coinciding with the openings of these new locations, employees have volunteered with local organizations and the bank will provide more grants to God’s Pantry Food Bank and Habitat for Humanity Lexington.

“We are proud to expand our financial center network into Kentucky, creating destinations focused on building lifelong relationships and further delivering for local clients and communities,” said Aron Levine, president of Preferred and Consumer Banking & Investments at Bank of America. “This is the latest example of the ongoing expansion of our financial center and ATM network, designed to serve more clients in communities across the country.”

The financial institution announced last month that it would raise its minimum wage to $25 an hour by 2025. It also subsidizes around 75% of employee health care costs, meaning Kentucky-area employees will qualify for the company’s benefits, valued at nearly $17,000. Bank of America also offers matching 401(k) contributions up to 5% and an annual company contribution of up to 2% of pay after one year with the company.

“We are committed to being a great place to work, which means investing in the teams who serve our clients every day,” added Levine. “That includes providing strong pay and competitive benefits to our employees and their families – helping us to attract and retain top talent.”