CHARLOTTE, N.C.– At the same time many banks are closing branches, Truist has announced that it will build 100 new branches.
Truist said the new branches are part of a “significant strategic growth investment over the next five years to attract new and grow existing client relationships in some of the strongest growth markets in the country.”
The bank also plans to renovate more than 300 branches in what it calls “high-opportunity markets,” enhance digital capabilities, and hire additional advisors to serve clients with more “complex financial needs,” according to a statement from the bank.
Markets targeted for expansion and renovation include Atlanta, Austin, Charlotte, Dallas, Miami, Orlando, Philadelphia and Washington, D.C.
The company said in its statement that the new branch models will be “optimized with smart design, integrated technology and modern layouts to create dedicated space for conversations with Premier advisors.”
‘Proactive Approach’
“These investments accelerate our ability to provide clients with proactive, AI-driven digital insights and data-informed, tailored advice in our branches, including comprehensive financial planning personalized for Premier Banking clients,” Dontá Wilson, Truist’s chief consumer and small business banking officer, said in a statement.
Truist has more than 1,900 branches in 17 states and Washington, D.C. The bank was formed by the 2019 merger between BB&T Corp. and SunTrust.
