Deals
BofA Said to Seek Buyers for N.Y., Pennsylvania Branches
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Bank of America Corp., the second-largest U.S. lender by assets, is seeking buyers for about 40 branches in New York and Pennsylvania, four people with knowledge of the matter said.
The offices hold about $1 billion in deposits and could sell for $20 million to $30 million, said one of the people, who asked not to be identified because the talks aren’t public. The branches are in rural locations in southeastern New York and northeastern Pennsylvania, one of the people said.