Bank of America continues expansion in Indianapolis market

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00
Bank of America's newest Indianapolis-area location opened in August, at 11530 Illinois St. in Carmel. (provided image)

Bank of America has opened a new banking center in Carmel, with plans to open three additional branches in the Indianapolis-area market by 2025.

The 4,000-square-foot facility at 11530 Illinois St., which includes a drive-thru, is a newly constructed building on an outparcel of Carmel’s Market District grocery store.

The branch, which opened Aug. 14, is the 19th Indianapolis-area banking center for Charlotte, North Carolina-based Bank of America. The bank opened its first Indianapolis location in November 2017.

Looking ahead, the bank also plans to open three more local branches by 2025: another in Carmel, its first in Avon, and one on the far-east side of Indianapolis.

Bank of America has identified the intersection of Washington Street and Mitthoeffer Road as the site of the Indianapolis branch, but declined to provide specifics on the Avon and Carmel locations.

Of Bank of America’s current area locations, 12 are full-service staffed branches. The other seven are what Bank of America calls advanced centers—high-tech sites where customers can interact with remote bank employees via video conferencing. Some of those advanced centers are staffed with on-site employees, but others are not.

The bank also has 10 standalone ATMs in the Indianapolis market.

Bank of America’s local plans are part of the company’s larger expansion goals nationwide.

In June, the bank announced it would open more than 55 new financial centers across 34 markets by the end of the year. It also said it plans to expand into nine new markets, including cities in four new states, by the end of 2026.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

One thought on “Bank of America continues expansion in Indianapolis market

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In