Bank Shuttering Music Row Branch

• February 7, 2012 [print-me target="div.post-title, div.post-meta, div.post-body" do_not_print=".twitterLink, .sharedaddy, .jp-relatedposts, .fb-comments-title, .fb-comments-text, .fb-comments, .post-comments" tag="span" class="print-me-container"]

Bank of America is closing its Music Row branch located at 1013 16th Ave. S. Employees of the local branch are expected to be relocated to other B of A offices.

Customers were notified by letter that the location will shutter on May 18.

According to the New York Times, the bank closed more branches than it opened in 2011.

Last month the Charlotte, N.C.-based lender reported a $2 billion profit in the fourth quarter of 2011, but the newspaper stated that was largely a result of one-time gains. The bank employees about 282,000 and is expected to trim about 30,000 jobs going forward, according to the NYT.

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Sarah Skates has worked in the music business for more than a decade and is a longtime contributor to MusicRow.

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