Bank of America will expand its regional headquarters in Jacksonville, which will create at least 200 new jobs by December 2015, Gov. Rick Scott announced Thursday.
Bank of America plans to expand operations at its two Southside campuses to accommodate multiple Bank of America and Merrill Lynch lines of business, which will include a capital investment of around $13 million.
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves about 51 million consumer and small business relationships with about 5,300 retail banking offices and about 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users.
Nearly 90 percent of Florida's gross economic output is generated in the service sector. Florida's Financial and Professional Services companies employ some 850,000 workers at locations around the state.
"The expansion of Bank of America is great news for the Jacksonville area," said Secretary of Commerce and president and CEO of Enterprise Florida Gray Swoope. "Florida is becoming a great place to live because of our economic growth and we work hard to provide the necessary resources for these businesses to thrive. Bank of America is an excellent addition to our financial industry and we look forward to more of their successes in our state."