Bank of America, the largest bank in Massachusetts, will close its downtown Plymouth branch in March.
Bank of America Corp., the biggest bank in Massachusetts, plans to close four more branches in the state in March. The Charlotte, N.C.-based bank announced that it plans to close offices at Center Plaza in Boston, Chace Road in Freetown, Court Street in Plymouth, and North Main Street in Springfield, FOX25 reports. In addition, the bank plans to eliminate the drive-up window at its branch on Main Street in Westfield. The Massachusetts closures are part of a wider plan by the bank to close 750 of its roughly 5,700 U.S. branches and eliminate at least 30,000 jobs over the next few years, according to FOX.
After an outcry from customers angry about mounting bank fees, Bank of America drops it's plan to charge a $5 monthly debit card fee, but is it enough to keep customers from leaving?
Some customers were so angry after learning of Bank of America's plan to begin charging a $5 monthly fee for using their debit cards, they organized a so-called "Bank Transfer Day" planned for Saturday, Nov. 5. On Bank Transfer Day protesters would take their money, investment plans and retirement plans out of the large national or international banks, and open accounts at local banks and credit unions. The plan was to show the financial giants that they need the little guy much more than the little guy needs them. The move comes after several other banks, including SunTrust Banks Inc., Regions Bank, JP Morgan Chase & Co. and Wells Fargo & Co. cancelled or backed off plans to impose similar fees. According to the Boston Globe, analysts …