Bank of America closes one of its Connecticut branches

According to the Hartford Business Journal, Bank of America has closed its branch at 100 Federal Road in Brookfield, which held $148.7 million in deposits as of June 30, 2024. The decision aligns with the broader trend of banks reducing their physical footprints as more consumers transition to online banking. The closure contributes to the ongoing decline in the number of bank branches statewide, which fell by 3.2% in the past year.

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