News Column

United States : EDEN branch sold by Bank of America

June 22, 2014

Because of a trend in mobile and online banking the Rockingham County s Bank of America customers have taken another hit.

Previous week, officials with Bank of America declared plans to sell its Eden branch to Asheville s HomeTrust Bank the second time Bank of America has closed a location in the county. It closed its Reidsville branch previous year.

Company officials said that the decision in both instances was based on industry trends. With the arrival of online banking and mobile apps, many customers choose to handle their affairs without going to their local branch.

Bank of America has began to take note.

Matthew Daily said, We look at customers banking habits ... and we adapt to the needs .

Bank of America s Eden customers can continue banking online and through mobile apps.

However if they want to talk about mortgages, home loans and the like at the branch, they ll have until Nov. 14 that s when the sale to HomeTrust is set to be completed, Daily said.

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Source: TendersInfo (India)

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