The phrase "new branch" refers to the creation of a new location or division of a company or organization. It can either be a physical branch or a separate department within the organization. Full definition
A whole new branch of physics was coming up over the horizon. (discovermagazine.com)
We have more than 700 employees, 110 branches, are licensed in 40 states, and are expanding with new branches in more states with only the best mortgage professionals in the industry. (succeedateagle.com)
Well, imagine that your bank is doing a lot more business and opening new branches. (euclidean.com)