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Most popular (branch count) bank by state

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NoMoreE46
Community Leader
Senior Contributor

Most popular (branch count) bank by state

Message 1 of 9
8 REPLIES 8
Brian_Earl_Spilner
Credit Mentor

Re: Most popular (branch count) bank by state

That's cause BofA sucks

    
Message 2 of 9
coldfusion
Community Leader
Mega Contributor

Re: Most popular (branch count) bank by state


@NoMoreE46 wrote:

From Bankrate.com

 

https://infogram.com/1pmqx0epyrrvequ3w0250l5p0qszr37ymyk

 

The Most Popular Bank In Each State | Bankrate

 

BofA is not listed in any of them.


If they ranked by valuation of assets managed I believe BoA would still be #1 in Massachusetts, although New England in general has been somewhat underbanked for years even with PNC and especially Chase establishing footholds in the metro Boston area the last few years.

 

I kind of laughed at Citizens as they had a bit of a customer relations problem crop up yesterday.

 

[warning - the article doesn't actually use profane language it but it does strongly allude to the profane language used]

 

https://www.nbcboston.com/boston-business-journal/citizens-bank-subscribers-receive-explicit-unautho...

(5/2024)
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Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 3 of 9
iced
Valued Contributor

Re: Most popular (branch count) bank by state


@coldfusion wrote:

@NoMoreE46 wrote:

From Bankrate.com

 

https://infogram.com/1pmqx0epyrrvequ3w0250l5p0qszr37ymyk

 

The Most Popular Bank In Each State | Bankrate

 

BofA is not listed in any of them.


If they ranked by valuation of assets managed I believe BoA would still be #1 in Massachusetts, although New England in general has been somewhat underbanked for years even with PNC and especially Chase establishing footholds in the metro Boston area the last few years.

 

I kind of laughed at Citizens as they had a bit of a customer relations problem crop up yesterday.

 

[warning - the article doesn't actually use profane language it but it does strongly allude to the profane language used]

 

https://www.nbcboston.com/boston-business-journal/citizens-bank-subscribers-receive-explicit-unautho...


I lol'd a bit at the Citizens ranking too. They (and Santander) have been dropping like flies at least in the downtown Boston neighborhoods, replaced by Chase branches in droves. We closed our Citizens account about 3 years ago and moved it to Chase.

 

BoA is a dumpster fire.

Message 4 of 9
coldfusion
Community Leader
Mega Contributor

Re: Most popular (branch count) bank by state


@iced wrote:

 

BoA is a dumpster fire.


I had a non-public (not as an employee) view for a number of years - from an internal operations perspective they have serious clue. They do suffer from issues typical from being a business with well over 100,000 employees, which I can relate to.

 

Citizens though - yeah they're a dumpster fire lol

(5/2024)
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Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 5 of 9
NoMoreE46
Community Leader
Senior Contributor

Re: Most popular (branch count) bank by state

I still remember going to a BofA ATM kiosk at Fenway Park.   The kiosk was quite large- it had like seven or nine machines.   That

was like in the peak of ATMness about 15 years ago.

Message 6 of 9
K-in-Boston
Credit Mentor

Re: Most popular (branch count) bank by state


@coldfusion wrote:

If they ranked by valuation of assets managed I believe BoA would still be #1 in Massachusetts, although New England in general has been somewhat underbanked for years even with PNC and especially Chase establishing footholds in the metro Boston area the last few years.


I definitely think that's true, also.  Everyone I know in the HNW category here banks with them, likely from all of the mergers over the years.  We had none of the major banks when I loved here, then eventually got Bank of America picking up the remnants of numerous mergers and Citi in the '00s.  Citi moved out, Chase moved in.  Still no regular consumer presence by the other 2 majors, US Bank and Wells Fargo.  I'm still with BoA for primary checking but that's a grandfathered account inherited from Fleet which was itself inheritied from BankBoston.  (One of my credit cards also went through a few changes on its way to BoA; MBNA and FIA I think.)

Message 7 of 9
markbeiser
Established Contributor

Re: Most popular (branch count) bank by state


@iced wrote:

 

 

BoA is a dumpster fire.


Literally the only reason I still have accounts with them is the 75% bonus on credit card rewards/cash back via the Preferred Rewards program due to my IRA being parked with Merrill, and the only reason I ever banked with them was because they underwrote my mortgage in 2007.
They ruined the reason I started banking with them by spinning off the servicing on my mortgage.
I sometimes question my current relationship with them because even factoring in all discounts for my PR tier, I got 2.5% lower interest on my HELOC elsware, 1.5% lower interest on my car loan, and get 4.6% APY on a HYSA elswhere vs. 0.04% at BoA...

Back to gardening until Late February 2025.
Current FICO8:
Message 8 of 9
coldfusion
Community Leader
Mega Contributor

Re: Most popular (branch count) bank by state


@K-in-Boston wrote:

@coldfusion wrote:

If they ranked by valuation of assets managed I believe BoA would still be #1 in Massachusetts, although New England in general has been somewhat underbanked for years even with PNC and especially Chase establishing footholds in the metro Boston area the last few years.


I definitely think that's true, also.  Everyone I know in the HNW category here banks with them, likely from all of the mergers over the years.  We had none of the major banks when I loved here, then eventually got Bank of America picking up the remnants of numerous mergers and Citi in the '00s.  Citi moved out, Chase moved in.  Still no regular consumer presence by the other 2 majors, US Bank and Wells Fargo.  I'm still with BoA for primary checking but that's a grandfathered account inherited from Fleet which was itself inheritied from BankBoston.  (One of my credit cards also went through a few changes on its way to BoA; MBNA and FIA I think.)


Ha!  I followed the same path with 1 additional step from when BayBank merged into BankBoston.  BoA still tracks the original open date of that account back to when I first opened it with BayBank Boston.

 

We're dating ourselves lol 

(5/2024)
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Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 9 of 9
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