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Bank of America To Shutter More Branches, Mobile Banking Grows

Saturday, January 18, 2014 - 8:35 AMBank of America - Details
"Bank of America plans to shrink its branch network down to less than 5,000 locations by the end of 2014, while mobile banking is gaining traction among customers. The bank will continue to invest in its digital banking platforms to adapt to changing consumer banking behavior. Going forward, branches take are likely to take on a different concept — less space will be designated for transactions while more space will be dedicated towards sales. Essentially, bank staff can focus on selling to customers as self-service channels can handle most transactions."

Bank of America Branch Network to Shrink as Mobile Banking Grows
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