Top Buyers of Bank of America Branches
June 4, 2014 10:16 AM
Who is Buying Bank of America's Branches?
Bank of America has
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Washington Federal (74 branches)
The Seattle company has scooped up branches in six states, including Washington, Oregon, Arizona and Nevada. Unfortunately, deposit levels at those branches
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Arvest Bank (29 branches)
The Fayetteville, Ark., bank which is partly owned by descendants of Walmart Stores founder Sam Walton,
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Old National (24 branches)
Bank of America sold locations in Michigan and Indiana to Old National. The Evansville, Ind., company also
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Huntington Bancshares (24 branches)
The Columbus, Ohio, company led by Stephen Steinour has two separate branch deals pending with B of A. The deals include
Berkshire Hills Bancorp (20 branches)
The Massachusetts company, led by Michael Daly, bought locations in New York last year,
Camden National (15 branches)
Camden bulked up in its home state after buying branches and $414 million in deposits in Maine. The company also bought $14 million in loans, the largest amount disclosed among branch deals with Bank of America
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First Horizon (13 branches)
First Horizon, led by Bryan Jordan, agreed earlier this week to
First State Community Bank (nine branches)
The Farmington, Mo., bank has shown a preference for branch deals. First State agreed to two separate branch deals from other banks in 2010, picking up five locations. Its deal with B of A was announced in late 2012.
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Community Bank System (eight branches)
Bank of America sold branches in Pennsylvania to the Dewitt, N.Y., company, which also agreed to pay a 2.39% premium for $369 million in deposits.
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