Latest News

Bank of America yet to release plans for Manatee branches

BRADENTON — The fate of Bank of America branches in Manatee and Sarasota counties remains unknown after the company announced today it would close several hundred branches.

“The company continually evaluates its banking center franchise, and decisions regarding its ultimate size have not been made,” said Bank of America spokeswoman Nicole Nastacie.

According to Bloomberg.com, the bank’s chief executive officer Kenneth Lewis told investors last week there are plans to close 10 percent of its more than 6,100 branches.

Bank of America has 17 branches in Manatee County, and 13 in Sarasota.

“While the number of banking centers may decrease in the future, new locations are being considered or built and additional functionality and services will be offered through the entire network,” Nastacie said.

Bank of America’s stock was up 18 cents at $13.27 at 1:30 p.m. today from Monday’s closing.

  Comments