Bank of America to open 50 to 60 branches over the next year

Bank of America Corp will open 50 to 60 new branches over the next year, Dean Athanasia, co-head of its consumer banking unit, said during a question and answer session Tuesday at a conference hosted by Credit Suisse.

A bank spokeswoman told Reuters Bank of America will also be closing branches in certain markets, so the 50 to 60 branches do not a represent a net increase.

(Reporting by Dan Freed in New York; editing by Diane Craft)