Bank of America opened its newest Alexandria location with a ribbon-cutting ceremony on February 20, 2020, inside the newly opened financial center in the heart of Alexandria's Carlyle neighborhood. The new branch is located at John Carlyle St. It is Bank of America’s 10th financial center in the Alexandria/Springfield market and fourth in Alexandria proper.According to the Alexandria Living Magazine, "Among the Carlyle financial center’s top features are a streamlined teller line, a secure ATM area and enclosed offices for private meetings with advisors. The financial center will partner with local schools to provide clinics from Bank of America’s Better Money Habits financial education program." As per Alexandria Living Magazine, "Among the ceremony’s attendees were Morgan Babcock, manager and coordinator of the Carlyle Council; Jerry Sanford, vice president of business development for the Alexandria Economic Development Partnership; Shannon Steene, executive director of Carpenter’s Shelter; Larry Di Rita, Greater Washington market president for Bank of America; Barry James, Greater Washington region executive for Bank of America; financial center associates and Bank of America customers."