Report Suggests Communities Where BofA Might Close Branches
Credit unions with fields of membership that cover certain communities across the U.S. may find themselves with an opportunity to purchase a Bank of America branch in the coming months.
SNL Financial, a leading financial data firm headquartered in Charlottesville, Va., has released a list of communities where its analysts say Bank of America may well close branches in the near term.
The analysts used data from other analysts and statements from BofA executives to identify communities which have less than 100,000 residents, with a median income of less than $40,000 per year and where the bank has less than a 50% market share as places where it’s likely to close branches.
They are Bishop, Calif.; Dumas, Texas; Hood River, Ore.; Liberal, Kan.; Marshall, Mo.; Pampa, Texas; Fallon, Nev.; Moberly Mo.; Mexico, Mo.; La Grande, Ore.; Urvalde, Texas; Fitzgerald, Ga.; Great Bend, Kan.; Mineral Wells, Texas; Crescent City, Calif.; Hays, Kan.; McPherson, Kan.; Silver City, N.M.; and Jesup, Ga.