Why is bank of america selling branches

BofA has filed this year to close nine total branches in the state. None have closed yet, according to OCC filings.

The local branches are closing because of fewer visitors, BofA said. More than 41 million clients actively use the bank's digital capabilities. Charlotte-based BofA said it will offer positions at nearby branches and roles in other business units to the displaced employees. It is encouraging customers to visit the branches at U. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content.

When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.

Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation "Investment Banking Affiliates" , including, in the United States, BofA Securities, Inc. BofA Securities, Inc.

Company goals are aspirational and not guarantees or promises that all goals will be met. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Midwest and particularly around Chicago and Detroit. Axia Technologies Inc. Axia provides a gateway and terminal software solution for healthcare providers to facilitate end-to-end payments. JPM has made similar acquisitions.

JPMorgan recently acquired InstaMed, another medical payments company. Bank of America. Accessed July 13, Internet Archive. Federal Reserve Bank of St. Accessed Oct. The Wall Street Journal. Department of Justice.

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Follow Us In Real Time twitter facebook linkedin. Top Buyers of Bank of America Branches. June 4, AM. Close extra sharing options. Image: Bloomberg News. Image: Thinkstock. A more diverse Visa takes shape in Atlanta.

The card network chose the majority-Black city as the site of its new operations center in part to improve the racial makeup of its workforce and create a new path to leadership for minorities. By Kate Fitzgerald. Politics and policy.