Wealth management firm is the latest to announce a new Towne Center location

June 20, 2026 - 01:15

Merrill Lynch Wealth Management, a division of Bank of America, is preparing to open a new office in the Towne Center area. Reports emerged Friday indicating that Bank of America would establish its first Louisiana branch in this location, but the company has since clarified that the new site will specifically serve wealth management clients rather than operate as a full-service retail bank.

The move signals continued investment in the region's financial services sector. The Towne Center location is expected to offer personalized investment strategies, retirement planning, and estate management services for high-net-worth individuals and families. A company spokesperson confirmed that the office will be staffed by a team of financial advisors and support personnel dedicated to client relationship management.

Construction and interior preparations are reportedly underway, with a projected opening date later this year. The expansion comes as Merrill Lynch seeks to strengthen its presence in growing suburban markets. Local business leaders have welcomed the announcement, noting that the addition of a premier wealth management firm could attract other professional services to the area. No further details on hiring or specific services have been released at this time.