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Bank Of America To Close Some Branches & Transform Some Into Merrill Lynch Specialty Stores

Friday, February 11, 2011 - 2:35 PMBank of America - Details
From Bloomberg:
The company had 5,856 branches at the end of 2010, a 2.6 percent drop from the year earlier, and will “continue to downsize” its retail footprint, Chief Executive Officer Brian T. Moynihan told analysts last month.

[...]

As many as 10 percent of Bank of America branches eventually may become “specialty stores,” with a Merrill associate, a small-business adviser or mortgage expert, or video links to those representatives



2
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
1. Sunday, February 13, 2011 - 1:07 PM
In Boston, there are two full branches literally across the street from each other, right next to the Tremont and State intersection.  BofA isn't Starbucks, which intentionally cannibalizes its business at over-croweded locations by opening new ones close by... I've always wondered how these came to be, and why they are still both open.
1
shacklawshacklaw11 posts since
Nov 8, 2010
Rep Points: 18
Reply