Bank in Dallas aims for significant growth in the area, creating hundreds of new jobs

Charles Schwab Expands Branch Network

Dallas-based financial services company Charles Schwab is set to grow its national branch network, enhancing its physical presence and creating hundreds of new jobs for in-person financial services.

The firm, which relocated its headquarters from San Francisco to Westlake in the Dallas area in 2021, announced plans earlier this week to either expand or establish a total of 16 new branches and 25 across the United States.

Schwab offers various services such as intermediary, banking, asset management, financial advisory, custody, and asset management.

In conjunction with this expansion, Schwab also plans to add 400 positions related to its branches, including financial consultants and wealth advisors. This emphasis seems to target high and ultra-high-end households.

The expansion strategy will focus mainly on rapidly growing regions. For instance, two new branches are expected to be opened in the Greater Austin area of Texas, including a new site in Bee Cave and another relocating branch in downtown Austin.

Florida is projected to gain five new branches along with one relocation, while California is slated to add three new locations in Mission Bay, Monarch Beach, Manhattan Beach, and San Francisco with six branches or relocations.

In the first half of 2025, the bank onboarded 2,300 new employees and continues to recruit for roles in client services, wealth management, digital innovation, and AI development.

“It’s definitely a competitive differentiator for Schwab and a key part of how we help our clients build trustworthy relationships and achieve their financial goals,” stated Jeannie Bidner, who heads Schwab’s branch network.