Bank moves 2d key unit from Boston

[gristy]

No surprise here, is there? BOA is the worst.


By Sasha Talcott, Globe Staff | August 25, 2004

Bank of America Corp. moved a second major division away from Boston yesterday despite its repeated pledges to keep key business units headquartered here after it acquired New England's largest bank.

The North Carolina bank yesterday unveiled a reorganization that moved responsibility for its small-business banking unit from Boston to Charlotte.

The move marks the second time in the five months since the merger that the bank has broken its pledge to headquarter divisions in Boston. Earlier this year, it relocated oversight of its Latin American operations from Boston to New York.

The bank also laid off hundreds of workers in Fleet bank branches last week, despite executives' statements that ''customer-facing" positions would be safe.

http://www.boston.com/business/articles/2004/08/25/bank_moves_2d_key_unit_from_boston/